SPRINGFIELD, Mo., Dec. 18, 2006 (PRIME NEWSWIRE) -- Guaranty Federal Bancshares, Inc. (Nasdaq:GFED), the holding company for Guaranty Bank, announces the hiring of Dana Montgomery to lead the Corporate Services Division.
Expanding business depository and cash management services continues to be a key strategic initiative for the bank. "In the last year we have made significant investments in technology and product development in our cash management area. Dana brings proven leadership and business development skills to the team and will be instrumental in growing the Corporate Services area of our company," stated Guaranty Bank's President and CEO, Shaun Burke.
As Director of Corporate Services, Ms. Montgomery will lead the existing business services staff and is responsible for sales and service of all business deposit products, cash management and internet banking services. For the past two years she has been responsible for small business and treasury management business development initiatives in the Springfield market and is a proven producer. Dana is a graduate of Missouri State University and is very active in the community. Her civic involvement includes: Big Brothers Big Sisters of the Ozarks, Leadership Springfield, Chamber of Commerce Ambassadors, United Way of the Ozarks, Rotary and Junior League.
Guaranty Federal Bancshares, Inc. has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is located in Springfield, Missouri, and has eight branches and 20 ATM locations located in Greene and Christian Counties. In addition, Guaranty Bank is a member of the TransFund ATM network which provides its customers surcharge free access to over 80 area ATMs and over 700 ATMs nationwide.
The discussion set forth above may contain forward-looking comments. Such comments are based upon the information currently available to management of the Company and management's perception thereof as of the date of this release. Actual results of the Company's operations could materially differ from those forward-looking comments. The differences could be caused by a number of factors or combination of factors including, but not limited to: changes in demand for banking services; changes in portfolio composition; changes in management strategy; increased competition from both bank and non-bank companies; changes in the general level of interest rates; the effect of regulatory or government legislative changes; technology changes; and fluctuation in inflation.