SPRINGFIELD, Mo., Jan. 4, 2007 (PRIME NEWSWIRE) -- Shaun Burke, President and CEO of Guaranty Bank announced today the addition of Doug Thornsberry to the bank's commercial lending team. In his new position, Thornsberry will focus on business development and relationship building in the commercial, industrial and real estate markets in and around Springfield.
"Commercial lending opportunities continue to be very strong in our market. We are committed to growing this business segment and to providing exemplary service to our clients," said Burke. "Doug's proven track record in sourcing and managing commercial financing relationships provides significant capacity for us to continue our growth."
Thornsberry has sixteen years of corporate finance transaction experience with commercial banking, investment banking and farm credit institutions, with positions at Boatmen's Bank, A.G. Edwards and U.S. Bank. He has been especially active providing capital for middle market manufacturing companies. Doug, a native of Springfield, earned a Bachelor of Arts in Economics and MBA from Washington University. He is currently active in the United Way of the Ozarks and Rotary Club of Springfield.
Guaranty Federal Bancshares, Inc. (Nasdaq:GFED) 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 and Loan Production Offices in Wright and Howell 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.