SPRINGFIELD, Mo., Jan. 9, 2007 (PRIME NEWSWIRE) -- Guaranty Bank announces plans to enter the Webster County market with its third Loan Production Office to be located in Marshfield, Missouri.
"The opening of our Marshfield loan production office continues our strategy to aggressively grow our footprint in and around the Springfield area," commented Shaun Burke, President and CEO of Guaranty Bank. Since 2004 Guaranty has built three new full-service branches and opened two loan production offices.
Charity Cummings has joined Guaranty as a residential lending specialist and will head the new loan production office. In her position she will be responsible for business development and customer service related to the bank's full line of mortgage loan products and services in the Webster County and surrounding areas. Cummings has 10 years of mortgage and finance experience and most recently was with Wells Fargo Home Mortgage. As a Marshfield resident she has first hand knowledge of the growing market and is looking forward to working with the local communities. In addition to her excellent knowledge of the mortgage process, Cummings has an excellent hands-on, can-do attitude developed during her time of service in the United States Army Reserve.
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 ATM's and over 700 ATM's 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.