SPRINGFIELD, Mo., June 4, 2008 (PRIME NEWSWIRE) -- Guaranty Federal Bancshares, Inc., (Nasdaq:GFED), the holding company for Guaranty Bank, is pleased to announce that John F. Griesemer has been appointed to its Board of Directors.
Griesemer, a Springfield native, is Executive Vice President and Chief Operations Officer of Springfield Underground. He oversees Springfield Underground's crushed stone operation, new construction of surface and underground facilities, and serves on Springfield Underground's Board of Directors.
"John is a very active and experienced businessman who has a strong commitment to the local community," said Shaun A. Burke, President and CEO of Guaranty Federal Bancshares, Inc. and Guaranty Bank. "We are pleased to add someone with his superb qualifications to our Board."
Some of Griesemer's past and present community involvement includes: Past President and Founding Member of the Ozarks Technical Community College Foundation Board; Past President of Catholic Campus Ministries Advisory Committee; Board Member Springfield Contractors Association; Watershed Committee Task Force; KSMU Advisory Board; Small Business Development Center Board of Directors and the St. John's Health Center Board.
About Guaranty Federal Bancshares, Inc.
Guaranty Federal Bancshares, Inc. (Nasdaq:GFED) has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is headquartered in Springfield, Missouri, and has nine full-service branches in Greene and Christian Counties and Loan Production Offices in Wright, Webster 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. For more information visit the Guaranty Bank website: www.gbankmo.com.
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.