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GUARANTY BANK WELCOMES DEREK FRALEY TO NEW TREASURER POSITION
SPRINGFIELD, MO – (November 14, 2008) – Shaun A. Burke, President & CEO of Guaranty Bank, is pleased to announce the addition of Derek Fraley as Treasurer. In this newly created position at Guaranty Bank, Fraley will be responsible for all aspects of the Bank’s asset/liability management function.
“Guaranty Bank is committed to proactively managing our growth and delivering long-term value to our shareholders,” said Burke. “Derek’s expertise and experience in treasury management makes him a tremendous asset to the Guaranty Bank team.”
Fraley has over 8 years of banking experience. He graduated from MSU with a BS in Finance, has an MBA in Finance and Management from
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. When used in this release, words such as "anticipates," "estimates," "believes," "expects," and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Such statements are subject to risks and uncertainties. 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; fluctuation in inflation; and other factors set forth in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time.
