Guaranty Federal Bancshares
| Company type | Public |
|---|---|
| Nasdaq: GFED | |
| Industry | Banking, Financial services |
| Founded | 1913 |
| Defunct | 2022 |
| Fate | Purchased by QCR Holdings and consolidated into Springfield First Community Bank |
| Headquarters | Springfield, Missouri, United States |
Key people | Shaun Burke (CEO) |
| Increase US$ 5.429 million (2017) | |
| Total assets | Increase US$ 800,403,000 (2018) |
| Website | www |
Guaranty Bank operated as a community financial institution established in 1913, functioning under the holding company Guaranty Federal Bancshares, Inc. Based in Springfield, Missouri, it provided banking services primarily within Greene, Christian, and Jasper counties, with additional loan origination activities in Webster County.
History
The origins trace back to 1913 when the St. Louis Saving and Building Association moved its operations to Springfield and adopted the name Guaranty Savings and Loan Association.
In 1935, the organization changed its name to Guaranty Federal Savings and Loan Association.
Its inaugural banking facility was inaugurated in 1979.
Following a corporate restructuring in 1995, Guaranty Federal Savings Bank was formed.
The bank introduced internet-based banking solutions in 2001.
Two years later, in 2003, the institution rebranded itself as Guaranty Bank.
In 2022, QCR Holdings completed the acquisition of Guaranty Bank through a combined cash and stock deal valued near $144 million, subsequently merging it into Springfield First Community Bank.