EXHIBIT 23

GUARANTY BANCSHARES, INC.
CONSENT OF McGLADREY & PULLEN, LLP

INDEPENDENT AUDITOR’S CONSENT

We consent to the incorporation by reference in the Registration Statement No. 333-77783 of Guaranty Bancshares, Inc. on Form S-8 of our report, dated January 16, 2004 appearing in this Annual Report on Form 10-K of Guaranty Bancshares, Inc. for the year ended December 31, 2003.

/s/ McGLADREY & PULLEN LLP

Dallas, Texas
March 15, 2004

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