Guaranty Federal Bancshares Inc Company Profile

Guaranty Federal Bancshares Inc is a bank holding company that operates in the United States. It was founded in 1921.

The company is headquartered in Springfield, Missouri. Guaranty Bank is its main subsidiary.

Guaranty Federal Bancshares Inc operates in the banking industry.

Guaranty Federal Bancshares is the parent company for Guaranty Bank.

The company is listed on the Nasdaq under the ticker symbol GFED.

Guaranty Federal Bancshares plans to use the net proceeds of a recent $20 million offering for general corporate purposes.

The company in question, Guaranty Federal Bancshares, Inc., has a parent company called Guaranty Bank.

The company has issued $20 million in Fixed-to-Floating Rate Subordinated Notes due 2030.

The notes will initially bear interest at a fixed annual rate of 5.25% for five years.

The interest will reset quarterly thereafter to the then current three-month term SOFR plus 519 basis points.

The company may redeem the notes on or after September 30, 2025, or at any time upon certain other specified events.

The notes have been structured to qualify initially as Tier 2 Capital for the company for regulatory purposes.

The company plans to use the net proceeds of the offering for general corporate purposes.

Guaranty Federal Bancshares, Inc. is a company with a subsidiary corporation offering full banking services.

Its principal subsidiary, Guaranty Bank, is headquartered in Springfield, Missouri.

Guaranty Bank has 16 full-service branches in Greene, Christian, Jasper, and Newton Counties.

There is also a Loan Production Office located in Webster County.

Guaranty Federal Bancshares has been involved in several acquisitions and mergers throughout its history. One notable example is the acquisition of Guaranty Bank, which was completed in 2006.

The acquisition added several branches and employees to Guaranty Federal Bancshares' operations. This expansion helped increase the company's market share and presence in the region.

In 2014, Guaranty Federal Bancshares acquired a small community bank in Missouri, expanding its footprint in the state. This acquisition brought in new customers and deposits, contributing to the company's growth.

The acquisition of Guaranty Bank in 2006 was a significant milestone for Guaranty Federal Bancshares, marking a major expansion of its operations.

Guaranty Federal Bancshares, Inc.'s Equity Buyback announced on February 28, 2020 has expired.

In 2022, Guaranty Federal Bancshares, Inc. underwent significant changes. The company dropped from the NASDAQ Composite Index on March 31, 2022.

QCR Holdings, Inc. completed the acquisition of Guaranty Federal Bancshares, Inc. on March 31, 2022. This marked a major milestone in the company's history.

Here are some key dates related to the acquisition:

Guaranty Federal Bancshares, Inc. reported earnings results for the full year and fourth quarter ended December 31, 2021 on January 20, 2022.

Guaranty Federal Bancshares has a long history of stability, with the company being established in 1923.

The bank has a strong presence in the community, with over 20 locations throughout Missouri.

Their financial performance has consistently shown growth, with a 10% increase in assets over the past year.

Guaranty Federal Bancshares has a solid track record of paying dividends, having done so every quarter for the past five years.

Their asset quality is also impressive, with a non-performing asset ratio of just 0.5%.

The bank's management team has a deep understanding of the local market, with many team members having over 20 years of experience.

Guaranty Federal Bancshares has a strong capital position, with a tier 1 capital ratio of 14.5%.