SPRINGFIELD, Mo., Aug. 15, 2006 (PRIMEZONE) -- Guaranty Federal Bancshares, Inc. (the "Company") (Nasdaq:GFED), parent of Guaranty Bank (the "Bank"), today announces the addition of H. Michael Mattson as Executive Vice President and Chief Lending Officer. Mike has 27 years of loan experience with 19 of that in the Springfield market. Mike brings with him the experience and knowledge to lead our lenders in the growth of the banks loan portfolio.
In business for more than 90 years, Guaranty Bank operates eight full-service locations and provides its customers surcharge free access to over 60 area ATMs and over 1,000 ATM' nationwide. Guaranty Bank offers a complete line of personal and business banking services. Guaranty Federal Bancshares, INC. the parent company of Guaranty Bank is publicly-traded and listed as GFED on NASDAQ.