Guaranty Federal Bancshares

Guaranty Bank was a community bank established in 1913. The bank operated beneath its holding company, Guaranty Federal Bancshares, Inc.[2] The bank invests deposits attracted from the general public. It is headquartered in Springfield, Mo. and operated branches in Greene, Christian and Jasper counties as well as a loan production office in Webster County.

Guaranty Bank
Nasdaq: GFED
IndustryBanking, Financial services
Founded1913[1]
FateAcquired by QCR Holdings and merged into Springfield First Community Bank
HeadquartersSpringfield, Missouri, United States
Key people
Shaun Burke
(CEO)
Increase US$ 5.429 million (2017)
Total assetsIncrease US$ 800,403,000 (2018)
Websitewww.gbankmo.com

History

In 1913, St. Louis Saving and Building Association moved to Springfield and changed its name to Guaranty Savings and Loan Association.

In 1935, the name was changed again to Guaranty Federal Savings and Loan Association.

In 1979, the company’s first banking center was founded.

In 1995, Guaranty Federal Savings Bank was formed in the reorganization of Guaranty Federal Savings & Loan Association.

In 2001, the company began offering online banking.

In 2003, the company changed its name from Guaranty Federal Savings Bank to Guaranty Bank.

In 2022, the company was acquired by QCR Holdings in a cash and stock deal valued at approximately $144 million.[3][4]

References
  1. Our Story
  2. http://www1.snl.com/IRW/CorporateProfile/1032022
  3. "Guaranty Federal Bancshares, Inc. Announces Receipt of Regulatory Approvals to Complete Its Merger With QCR Holdings, Inc" (Press release). GlobeNewswire. March 23, 2022.
  4. "QCR Holdings, Inc. Announces Completion of Acquisition of Guaranty Federal Bancshares, Inc" (Press release). GlobeNewswire. April 1, 2022.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.