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Guaranty Bank to Open Loan Production Office in Joplin

SPRINGFIELD, Mo., April 11, 2016 (GLOBE NEWSWIRE) -- Guaranty Bank announced today it is opening a loan production office in Joplin, Mo. Jeffrey Williams, a Joplin banking veteran, has been hired to oversee the bank’s development in Joplin and the surrounding communities as the Joplin Market President.



A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7e345c0a-292e-41d3-9a6b-152e10e67c89

“Guaranty Bank has been seeking opportunities to expand our footprint in Southwest Missouri for some time,” Guaranty Bank President and CEO Shaun Burke said. “Partnering with such a respected and experienced banker like Jeff is the perfect opportunity for us to provide our business, mortgage, and consumer lending solutions in and around Joplin. We look forward to building valuable relationships with new clients in the state’s fifth largest Metropolitan Statistical Area.”

The new LPO will provide a wide variety of Guaranty Bank’s commercial lending services including SBA and equipment loans, commercial lines of credit, leasing, commercial real estate loans, and commercial construction loans. Mortgage and consumer lending services will also be available.

Williams has more than 20 years of banking experience. He spent the last 10 years growing the Simmons Bank/Liberty Bank franchise in Joplin as their Community Bank President.

Williams earned a Bachelor of Science degree in Agriculture Business from Missouri State University. He has actively served his community through involvement in the Carthage Rotary Club, the finance committee of the Fair Acres Family YMCA, the Carthage Community Foundation, Carthage Youth Football, and the Breast Cancer Foundation of the Ozarks.

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, Mo., and has nine full-service branches in Greene and Christian Counties, a loan production office in Webster County, and a loan production office in Jasper County. In addition, Guaranty Bank is a member of the TransFund and MoneyPass ATM networks which provide its customers with surcharge-free access to more than 80 area ATMs and more than 24,000 ATMs nationwide. For more information visit the Guaranty Bank website at www.gbankmo.com.

Contact: Shaun A. Burke, President and CEO Guaranty Bank 1341 W. Battlefield Springfield, MO 65807 417-520-4333

Source:Guaranty Federal Bancshares, Inc.