Guaranty Bank - Springfield, MO - News & Events

Guaranty Bank Launches Revolutionary New CD Product

Get your interest paid up front with CD $Now

January 12, 2017 - You've heard the saying "have your cake and eat it, too." Well if your cake is a low-risk CD and enjoying every delicious bite is the interest it earns, then yes, now you can finally enjoy both at once.

Guaranty Bank is excited to announce CD $Now, a brand new 5-year CD that pays interest earnings up front. It's instant financial gratification at its finest. You're free to reinvest, save it for later or simply go ahead and splurge – use your interest earnings however you like.

Call 417.520.4333 or stop by any convenient Guaranty Bank location to open your CD $Now. Some restrictions apply. Member FDIC. Click here for the gooey details.

Annual Percentage Yield (APY) is accurate as of 1/11/2017 and subject to change without notice. Applies only to a 5-year CD $Now certificate of deposit. Interest is payable on collected funds only (cash or checks drawn on Guaranty Bank). Opening the CD with a check not drawn on Guaranty Bank could delay interest payment until funds are collected. Minimum deposit of $50,000 required, maximum $250,000. Multiple CDs are permissible. Interest earnings cannot be included in the opening deposit. CD $Now will not renew automatically. Penalty for early withdrawal will apply. Partial principal withdrawals not permissible. See account disclosures for details. Due to the prepayment of interest this CD is subject to the IRS Original Issue Discount (OID) rules. Please consult a tax professional.

Stay on Top of Your Finances with Text Alerts

Want to know if you can afford that cute sweater? Text alerts can tell you when your balance gets too low

November 30, 2016 - Between the gas station and the grocery store, it's not always easy to track your spending. But Guaranty Bank's new text alert service from online banking can definitely help.

Want to know when your balance hits a certain threshold? Text alerts delivered straight to your cell phone can let you know instantly when your account balance hits the mark you set.

"Text alerts are all about customer convenience," said Will Cologna, Vice President of Product Solutions for Guaranty Bank.

Among its many options, text alerts can also notify you when your eStatement is ready to view, when bills are paid or if you have insufficient funds in your account.

"More and more customers are utilizing our online banking features to help them track and maintain their finances," Cologna said. "We're happy and excited to add text alerts to help make it easier for them."

To customize the text alerts you want to receive follow these easy steps:

  • Log in to your Guaranty Bank online banking account
  • Choose "Setup Options" and then select "Alerts" from the menu at the top of the page
  • Check the box for each type of alert you want to receive and click "Submit"
  • You will be prompted to enter your mobile phone number and carrier to complete the setup process

For more information about text alerts and other online banking services please contact Guaranty Bank at 417.885.0557 or visit your nearest banking center.

Residential Lender Sheila Whitehead Joins Guaranty Bank's New Joplin Loan Center

November 21, 2016 - Guaranty Bank is pleased to announce that Sheila Whitehead recently joined the bank's residential lending team as a residential lender and the bank's new Joplin market sales manager. Whitehead comes to Guaranty Bank with six years of mortgage lending experience and more than 16 years of experience in the banking industry.

"Sheila and I have worked together in the past and she is a true professional," said Jeff Williams, Guaranty Bank Joplin Market President. "Guaranty Bank is fortunate to have Sheila, with her experience and relationships in the area, join our team."

Whitehead is a member of the Neosho Board of Realtors and holds a Missouri Mortgage License. She lives in Seneca with her husband Jared and their six children.

Guaranty Bank entered the Joplin market in June with a loan production office located at 2639 East 32nd Street, Suite R. The Loan Center provides 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 are also available.

7 Tips for Protecting Yourself Online

October 6, 2016 - Though the Internet has many advantages, it can also make users vulnerable to fraud, identity theft and other scams. According to Symantec, 12 adults become a victim of cybercrime every second. With Cybersecurity Awareness Month in October, here are seven tips to help keep you safe online:

1. Keep your computers and mobile devices up to date. Having the latest security software, web browser, and operating system are the best defenses against viruses, malware, and other online threats. Turn on automatic updates so you receive the newest fixes as they become available.

2. Set strong passwords. A strong password is at least eight characters in length and includes a mix of upper and lowercase letters, numbers, and special characters.

3. Watch out for phishing scams. Phishing scams use fraudulent emails and websites to trick users into disclosing private account or login information. Do not click on links or open any attachments or pop-up screens from sources you are not familiar with.

  • Forward phishing emails to the Federal Trade Commission (FTC) at – and to the company, bank, or organization impersonated in the email.

4. Keep personal information personal. Hackers can use social media profiles to figure out your passwords and answer those security questions in the password reset tools. Lock down your privacy settings and avoid posting things like birthdays, addresses, mother's maiden name, etc. Be wary of requests to connect from people you do not know.

5. Secure your Internet connection. Always protect your home wireless network with a password. When connecting to public Wi-Fi networks, be cautious about what information you are sending over it.

6. Shop safely. Before shopping online, make sure the website uses secure technology. When you are at the checkout screen, verify that the web address begins with https. Also, check to see if a tiny locked padlock symbol appears on the page.

7. Read the site's privacy policies. Though long and complex, privacy policies tell you how the site protects the personal information it collects. If you don't see or understand a site's privacy policy, consider doing business elsewhere.

Micah Scott Completes Graduate School of Banking Program with Top Honor

September 15, 2016 - Micah Scott, Guaranty Bank Senior Vice President and Small Business Banking Manager, was recently awarded his diploma by the prestigious Graduate School of Banking at the University of Wisconsin-Madison. Scott graduated first among the program's 188 students.

"We are extremely proud of Micah's accomplishment," said Charley Puls, Guaranty Bank Executive Vice President and Chief Lending Officer. "This demonstrates his commitment to personal and professional development and benefits not only himself but the Guaranty Bank team and our clients."

The Graduate School of Banking, sponsored by state bankers associations from across the central United States as well as the University of Wisconsin-Madison, was established in 1945 to provide bankers with an opportunity for advanced study and research in banking, economics and leadership. Instruction at the Graduate School of Banking takes place during two-week resident sessions for three consecutive summers, along with comprehensive study between summer resident sessions. The curriculum focuses on the management of strategic issues faced by banking executives and financial services industry professionals.

The Graduate School of Banking enrolls approximately 600 U.S. and international professionals each year. More than 85 esteemed academicians, economists, government officials and industry professionals comprise the school's faculty.

Lindsey McLaughlin Earns Certificate of Loan Review

August 31, 2016 - Guaranty Bank is pleased to announce that Loan Review Officer Lindsey McLaughlin recently completed the BAI Learning & Development Loan Review Certificate Program, earning her Certificate of Loan Review.

A Certificate of Loan Review from the Bank Administration Institute signifies a high level of expertise in loan review practices and procedures that serve as the standard for the financial services industry. The comprehensive, five-step educational program is designed to enhance the quality of loan reviews and improve early detection of deteriorating loans, thereby contributing to the overall safety and soundness of the bank's loan portfolio.

McLaughlin, who has nearly 10 years of loan review experience, joined Guaranty Bank as a Loan Review Officer in 2012.

Shop Online with Confidence with Verified by Visa®

August 25, 2016 - Guaranty Bank is now a proud Verified by Visa® debit card partner, offering an extra layer of security online for debit card customers. Verified by Visa®, which is completely free, protects your card against unauthorized use when you shop online at participating retailers.

If you make a purchase in a shop, you enter a PIN number or sign a receipt to validate the transaction. Verified by Visa® mimics this process over the Internet by providing a digital receipt that you sign off with using your own personal password.

To register your debit card for the Verified by Visa® service, follow this link. Once enrolled you will be automatically prompted to enter your password when you shop at a participating online retailer.

Wendy McCurdy Joins Guaranty Bank's Residential Lending Team

August 2, 2016 – Guaranty Bank is pleased to announce that Wendy McCurdy recently joined the bank's residential lending team as a mortgage loan officer. McCurdy comes to Guaranty Bank with more than 14 years of mortgage lending experience and 21 years of overall banking experience.

"Wendy's strong history of mortgage lending as well as her strong referral relationships makes her a great fit for our department," said Michael Frerking, senior vice president and Residential Lending Manager. "She will play a significant role in our continued market share growth in the community."

McCurdy spent 11 years as a mortgage loan officer and assistant vice president at Bank of America in Springfield before joining Guaranty Bank. She began her banking career in 1999 at Wood & Huston Bank. She is Neighborhood Lending Certified and a member of the Real Estate Mortgage Professionals and the Women's Council of Realtors.

McCurdy lives in Ozark with her husband John and their four children.

Guaranty Bank Announces New Springfield Location Inside Farmers Park

July 25, 2016 – Guaranty Federal Bancshares, Inc. (the "Company") announced today that its subsidiary, Guaranty Bank (the "Bank"), has filed an application for its 10th full-service banking center with the FDIC and the Missouri Division of Finance. Subject to regulatory approval, the new banking center will be located in the final building to be constructed in the Farmers Park development at 2144 E. Republic Road. This will be the Bank's seventh Springfield location in addition to the two locations that serve Nixa and the one location that serves Ozark.

Guaranty Bank has signed a long-term lease with developer Matt O'Reilly to occupy approximately 26,000 square feet of the new building and will inhabit three of four floors. The new facility, which is slated for mid-2017 completion, is intended to house the Bank's executives, accounting, commercial lending, credit, corporate services, mortgage lending, marketing, and human resources functions, along with a modern, full-service retail banking center, interactive teller machine, and commercial drive-thru. The current "main branch" at 1341 W. Battlefield will remain open.

"We've been looking for the right location to serve our clients in southeast Springfield for some time. Farmers Park is a premier destination in that area with a lot of amenities that fit nicely with our image of the Guaranty Bank of the future," said Shaun A. Burke, President and CEO of Guaranty Bank. "We plan to deploy some new technology in this location that will meet our customers' needs more efficiently and align with the vibrant, contemporary atmosphere of the development."

Guaranty Bank is also rolling out a new look for its 103 year-old brand. Earlier this year, the Bank conducted a series of focus groups that engaged employees, customers and non-customers to discover the best evolution for the brand. The objective was to preserve the heritage of the brand, but evolve to a more contemporary look. Based on the focus group learnings, Guaranty Bank created a new logo that features a more modern eagle image that is bright blue in color. The new logo was launched with the opening of the Joplin Loan Center in June. The Bank plans to convert its existing signage and marketing content to include the new logo throughout the company by the end of 2017.

Touch ID Login Part of Latest Mobile Banking App Updates

July 5, 2016 - How important is your cell phone? Did you check your e-mail this morning? Your Facebook feed at lunch? Maybe even buy movie tickets or a birthday present? Statistically speaking, you're probably even reading this story on your phone. There's seemingly nothing these handheld super computers can't do – they go with us everywhere and put the world at our fingertips, including your bank account.

Recent updates to Guaranty Bank's mobile banking app have made mobile banking the ultimate in banking freedom. With the new TouchID login, users with TouchID-enabled Apple devices like the iPhone 6 or newer can login to mobile banking with a simple fingerprint scan. It takes convenience and security to a whole new level.

"Today we use our mobile devices to gain instant access to news, mail, photos and more," said Shaun Burke, Guaranty Bank president and CEO. "Guaranty Bank's mobile banking applications provide easy and secure access to all your banking services 24/7 and is fundamentally transforming how all of us bank."

From bill pay to mobile check deposit, Guaranty Bank's mobile banking app is like carrying a bank branch in your pocket. With the latest updates to the app, you can now view check images directly in your account activity and even pay a person quickly and securely.

More than 90 percent of American adults have a mobile phone, according to research from the American Bankers Association, and 56 percent have smartphones. Of smartphone users, more than half are mobile bankers, the ABA says.

The demand for mobile banking options, including apps and increased functionality with mobile optimization, continues to grow at staggering rates as customers realize the simplicity and security of mobile banking. Upwards of 93 percent of customers check their account balances with mobile banking and 57 percent are transferring money between their accounts. Nearly 40 percent deposit a check using a mobile phone camera with these statistics rising every single year, the ABA says.

Be sure your Guaranty Bank mobile banking app is current to enjoy the latest features. To learn more about mobile banking or to download the Guaranty Bank mobile app for iPhone and Android devices click here.

H. Charles Puls Named New Guaranty Bank Chief Lending Officer

Eric Leonard and Micah Scott promoted to senior vice president roles

June 27, 2016 - Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) announced June 27 that its subsidiary, Guaranty Bank, hired H. Charles "Charley" Puls to serve as Executive Vice President, Chief Lending Officer. As a member of the bank's executive management team, Puls' primary responsibility will be to oversee the management, direction, and development of the bank's commercial lending and corporate services lines of business.H. Charles Puls

Puls, who has more than 23 years of banking experience, served as Senior Vice President, Market President in Southeast Missouri for Regions Bank for the past 9 years. Prior to that, Puls was Senior Vice President, Relationship Manager for Regions Bank, Union Planters Bank, and Capital Bank & Trust in the St. Louis market. Puls is a board member and active volunteer for the American Red Cross and is a graduate of the University of Missouri – St. Louis.

Additionally, the bank promoted Eric Leonard to Senior Vice President, Senior Relationship Manager of Specialty Finance. Leonard will be responsible for the administration and development of the bank's specialty financing services including low income housing tax credit financing, commercial leasing, industrial development revenue bonds, and asset-based lending. Leonard, who has been with Guaranty Bank since 2008, has more than 21 years of lending experience in Springfield. He graduated with honors from the Graduate School of Banking at Colorado and has an undergraduate degree from George Mason University. Leonard is also a graduate of Leadership Springfield Class 29.

The bank also promoted Micah Scott to Senior Vice President, Small Business Banking Manager. Scott will be responsible for the administration and development of Small Business Administration (SBA) lending. The bank is a preferred lending partner of the SBA and has led the region in SBA loan volume for the last two quarters. Scott, who started his career with Guaranty Bank as a Credit Analyst in 2008, actively participates with the local SCORE chapter and serves on the board of the Ronald McDonald House Charities. He holds a Finance Degree from Missouri State University and is a Chartered Financial Analyst. Before coming to Guaranty Bank, Scott worked as an assistant bank examiner for the Federal Reserve Bank of Kansas City.

"Charley has an extensive background in community bank management and commercial lending and will be an excellent addition to our executive team. Eric and Micah are experts in their respective lending fields, and promoting them will allow for continued growth in these key areas as well as increasing our management depth to accommodate our future growth," said Shaun Burke, President and CEO of Guaranty Bank.

Executive Vice President, Chief Lending Officer H. Michael Mattson previously announced his retirement effective June 30, 2016 after 10 years of service to Guaranty Bank and more than 37 years of service to the banking industry.

Joplin Loan Center Now Open

June 10, 2016 - Guaranty Bank's anticipated loan center in Joplin, Mo. is now open for business. Jeffrey Williams, Guaranty Bank's new Joplin Market President and an area banking veteran, was hired in April to oversee the Guaranty Bank Loan Center located at 2639 East 32nd Street, Suite R in Joplin.

"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 Guaranty Bank Loan Center provides 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 are also 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 Community Bank President before joining Guaranty Bank.

The new Guaranty Bank Loan Center in Joplin marks the bank's first facility outside of the Springfield Metropolitan Statistical Area in its 103 year history. Guaranty Bank operates nine full-service banking centers in Springfield, Ozark and Nixa as well as a loan production office in Marshfield.

Guaranty Federal Bancshares, Inc. Elects New Chairman

Guaranty Bank's holding company names Jim Batten chair, John Griesemer vice-chair

May 11, 2016 - The Board of Directors of Guaranty Federal Bancshares, Inc. (the "Company") today announced the election of James R. Batten to the position of Chairman of the Board and John F. Griesemer to the position of Vice-Chairman of the Board of the Company and Guaranty Bank (the "Bank") effective at the end of the Annual Meeting of Stockholders on May 25, 2016. Batten has served as a Director of the Company since May 2006 and Griesemer has served as a Director of the Company since June 2008.

Batten is an accomplished CPA and executive with more than 30 years of experience in highly successful for profit and non-profit organizations including Convoy of Hope, AG Financial Solutions, and O'Reilly Automotive. Prior to starting his own consulting firm in 2014, he was responsible for the overall operations at Convoy of Hope, growing revenue from $45 million to more than $100 million. This faith-based compassion organization feeds children, conducts community outreach events and responds to domestic and international disasters. Before joining Convoy, he was responsible for all operations at AG Financial Solutions, a faith-based financial institution with more than $2 billion in assets. From 1993 to 2007 Batten led all finance and accounting areas for O'Reilly Auto Parts (NASDAQ:ORLY) taking the company public in April 1993 and growing it from $110 million to $2.3 billion in revenue while maintaining industry-leading performance. Batten's accounting expertise, public company background, and community involvement make him an ideal leader for the Board.

Griesemer is Executive Vice President, Chief Operations Officer and a member of the Board of Directors of Springfield Underground, Inc., a privately-held construction materials supplier and real estate developer. He is Chairman of the Board of Mercy Springfield Communities, an affiliate of Mercy health system which is the seventh largest Catholic health care system in the U.S. and serves millions annually. Griesemer is also an officer of the Missouri Limestone Producers Association, and was recently elected to serve as an officer of the Springfield Catholic School's Development Board and the National Stone Sand & Gravel Association Board. He is a past Member of the Board of Catholic Campus Ministries, Junior Achievement of the Ozarks, and Ozarks Technical Community College Foundation. Griesemer brings to the Board a strong organizational and leadership background, management experience, and multi-generational ties to the local community.

Shaun A. Burke, President and Chief Executive Officer of the Company and the Bank, commented, "Both of these high caliber and talented individuals have provided strong leadership and guidance to our Company over the past several years. This transition demonstrates Guaranty's commitment to long-term succession planning and our future growth and success."

Don M. Gibson, the current Chairman, will be retiring May 25, 2016 after reaching the Company's mandatory retirement age of 72 years. Gibson has served as a Director for the Company since February 2002 and has held the position of Chairman since March 2005.

Guaranty Bank Promotes Lucas Jenkins to Senior Systems Engineer

May 10, 2016 – Guaranty Bank is pleased to announce that Lucas Jenkins was recently promoted to Senior Systems Engineer in the bank's Information Resources Department.

"Lucas is an achiever. Day in and day out he comes in and hits the ground running," said Nick Lofaro, vice-president and Chief Technology Officer for Guaranty Bank. "Lucas is not only an accomplished IT professional, but he understands the importance of hard work and customer service. He never passes up an opportunity to learn something new to better himself, the department and most importantly the bank."

Jenkins has more than six years of IT experience, beginning his career as a Help Desk Technician for EDCO Group, Inc. He progressed through EDCO's IT department before joining Guaranty Bank in 2014 as a Network/Systems Analyst. Jenkins holds a bachelor's degree in Political Science from Drury University.

Jenkins is also active in the community, volunteering for Habitat for Humanity. He lives in Springfield with his wife Sarah.

Allison Kimes Joins Guaranty Bank's HR Team

May 4, 2016 – Guaranty Bank is pleased to announce that Allison Kimes was recently hired as the bank's new Talent Acquisition and Management Specialist.

Kimes comes to Guaranty Bank from Commerce Bank, where she was a Human Resources Specialist, and prior to that was a Human Resources Representative for Redneck Trailer Supplies.

"Allison comes to Guaranty Bank with more than 10 years of human resources experience, two of which have been in the banking industry already," said Melissa Lloyd, Vice President and Human Resources Director for Guaranty Bank. "She will be instrumental in helping Guaranty Bank attract and retain talent who will aid the bank in providing world-class service to our internal and external customers."

Kimes earned her Bachelor of Arts degree in Psychology with an emphasis in Human Resources from Lyon College in Batesville, Ark. and her Master of Science degree in Industrial and Organizational Psychology from Missouri State University in Springfield. She is active in the community and with her alma mater, serving on the Alumni Council and the President's Council at Lyon College. She lives in Ozark with her husband Nick and their three children.

Celebrate Small Business Week May 1-7

Network, connect and support local businesses and entrepreneurs

April 30, 2016 - Running your own business can mean a lot of time spent in the trenches, on your own, building your company brick by brick. Next week, though, there are several opportunities for small business owners and entrepreneurs alike to step back from the daily grind, connect with each other and be inspired.

Springfield Small Business Week is part of National Small Business Week taking place May 1-7. It's a week to recognize the small business owners that play such a crucial part in our local economy.

"Small businesses are very important to our community because they give us access to a diverse system of products and services that we otherwise wouldn't have," said Stephanie Murphy, assistant vice president and Small Business Banking Officer with Guaranty Bank. "These business owners create jobs, pay taxes, give back to the community, and have a network of people they surround themselves with to help their businesses grow."

Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America's entrepreneurs and small business owners. More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year, according to the U.S. Small Business Administration, which coordinates Small Business Week both nationally and through its network of local offices.

"Small Business Week is a great way to recognize our small business owners and bring awareness to how important they are to our economy," Murphy said.

As part of National Small Business Week, the SBA takes the opportunity to highlight the impact of outstanding entrepreneurs, small business owners and others from all 50 states and U.S. territories. Every day, they're working to grow small businesses, create 21st-century jobs and drive innovation.

You can find a list of events occurring throughout Small Business Week in Springfield HERE.

Mitchell Scott Joins Guaranty Bank's Residential Lending Team

April 18, 2016 - Guaranty Bank is pleased to announce that Mitchell Scott recently transitioned to the bank's residential lending team as a mortgage lending officer.

"Mitchell was an easy choice based on his strong sales background and outstanding customer service record with our bank," said Michael Frerking, senior vice president and Residential Lending Manager.

Scott first joined Guaranty Bank as a personal banking representative in 2015 after nearly five years of property, casualty and life insurance sales with Farmers Insurance and New York Life.

Scott will be working with borrowers and referral partners to help grow Guaranty Bank's residential lending market share in the community as well as provide excellent customer service to enhance every aspect of the bank's products, Frerking said.

"He has made a quick transition to this role and has been able to utilize the strengths of our support staff to give the best options for home loans to our customers, exceeding everyone's expectations in the process," Frerking added.

Scott is a graduate of Evangel University where he received his Bachelors of Science Degree in Kinesiology. He and his wife Brianna live in Springfield.

Guaranty Bank to Open Loan Production Office in Joplin

April 11, 2016 – 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.

"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.

Zach Towe Promoted to Financial Analyst

March 30, 2016 – Guaranty Bank is pleased to announce that Zach Towe has been promoted to Financial Analyst within the bank's Finance and Accounting Department.

"Zach's advancement is a direct result of his hard work and developed expertise in the finance area," said Carter Peters, executive vice president and Chief Financial Officer for Guaranty Bank. "His new responsibilities will be concentrated in the bank's treasury management activities which are critical to our growth and profitability. We look forward to his continuing contributions to the finance and accounting team."

Towe joined Guaranty Bank in 2012 as a float teller before transitioning to the finance department as an accounting clerk. He holds a Bachelor of Science degree in Banking and Finance from Central Methodist University and is bond school certified by the Raymond James Bond School in Nashville, Tenn. He and his wife Lacey live in Nixa with their four children.

Rachael Godden Promoted to AVP, Banking Center Manager

March 23, 2016 – Guaranty Bank is pleased to announce that Rachael Godden was recently promoted to Assistant Vice President and Banking Center Manager for the bank's Glenstone and Kearney banking center locations.

"Rachael is a valuable member of our consumer banking team," said Stephanie Rutledge, Senior Vice President and Director of Consumer Sales and Customer Experience for Guaranty Bank. "This promotion reflects her ability to effectively lead teams and achieve bottom line results for Guaranty Bank. She's worked very hard managing two of our busiest banking centers and certainly deserves this recognition."

Godden has more than 16 years of banking experience, beginning her career as a teller for Bank Midwest in 2000. She joined Guaranty Bank in 2004 as the Kearney Banking Center Manager, then moved to the bank's Glenstone Banking Center in 2005 to manage that location. In 2013 she became the manager of both banking centers.

Godden earned her Bachelor of Arts degree in English from the University of Nebraska-Lincoln. She serves on the bank's Efficiency and Wellness committees and is active in the Springfield community, volunteering at events for The Victim Center and the Lost & Found Grief Center. She lives in Springfield with her two daughters.

Ryan Kelly Joins Guaranty Bank's Marketing Department

March 21, 2016 – Guaranty Bank is pleased to announce that Ryan Kelly has been hired as its new Marketing Research and Sales Support Analyst.

Kelly has been in banking for nearly five years, most recently as a commercial loan analyst for Central Bancompany in Jefferson City, Mo. Prior to that he served as an assistant branch manager and retail banker for Regions Bank.

"We are very excited to have Ryan Kelly join the Guaranty Bank marketing team," said Carlye Wannenmacher, vice president and Director of Marketing for Guaranty Bank. "His experience and skills will enable us to analyze and convert data info useful information that will guide our marketing strategies."

Kelly holds a Bachelor of Arts degree in Finance from Missouri State University as well as a Master's in Business Administration, also from Missouri State. He is active in the community, volunteering with the United Way, and lives in Springfield with his wife Samantha.

Chief Lending Officer Mike Mattson Announces Retirement

March 18, 2016 - Guaranty Federal Bancshares, Inc., (NASDAQ:GFED), the holding company for Guaranty Bank, has announced that H. Michael Mattson, Executive Vice President and Chief Lending Officer of the bank, has advised the company and the bank that he will be retiring effective June 30, 2016.

Shaun A. Burke, President and Chief Executive Officer of the company and the bank, commented "on behalf of our Board and all of his fellow employees, I would like to thank Mike for his hard work and leadership over the last 10 years. Mike saw Guaranty through an enormously challenging economic environment, and helped to build a lending infrastructure that will permit us to continue to responsibly grow our business. I am personally and professionally grateful to Mike for his dedication. He has been an accomplished lender for 37 years and I wish him and his family all the best in retirement."

Mattson is a board member of Ozarks Food Harvest and has served as past president and a finance committee member. He is a member of the Springfield Area Chamber of Commerce and has served on its board nominating committee and venture capital committee. He is a member of the Leadership Springfield Class of XI, a graduate of Rockhurst University, and a graduate of the South Baton Rouge, La. Graduate School of Banking.

The company is actively seeking an experienced Chief Lending Officer candidate to replace Mattson.

Guaranty Bank Promotes Jessica O'Sullivan to Appraisal Review Officer

March 16, 2016 – Guaranty Bank is pleased to announce that Jessica O'Sullivan was recently promoted to Appraisal Review Officer within the bank's credit department.

"Jessica is a long-time, valued member of the Guaranty Bank team," said Jill Pace, vice president and Credit Department Manager. "She continues to effectively manage the bank's appraisal engagement, review and validation system through changes in the market, technology and the regulatory environment."

O'Sullivan has nearly 15 years of banking experience. She joined Guaranty Bank in 2008 as a Commercial Relationship Assistant and was named an Appraisal Review Analyst in 2011. She holds a Bachelor of Science degree in Administrative Management from Missouri State University and lives in Springfield with her husband Adam and their two children.

Greg Horton Appointed to Guaranty Federal Bancshares, Inc. Board of Directors

February 29, 2016 – Guaranty Bank and its holding company, Guaranty Federal Bancshares, Inc. (NASDAQ: GFED), is pleased to announce that Greg A. Horton has been appointed to its Board of Directors.

Horton is the chief executive officer, co-founder and co-owner of Integrity Home Care and Integrity Pharmacy, a home care enterprise that employs 2,400 people and serves more than 5,000 clients in Missouri and Kansas. A certified public accountant, Horton brings a wealth of entrepreneurial experience to Guaranty Bank's governing board.

"Mr. Horton will be a valuable addition to the board due to his significant experience in leading a large service-based organization and his tenure in public accounting and management consulting," Guaranty Bank President and CEO Shaun Burke said. "He has an in-depth understanding of Guaranty Bank's market area and significant business and civic ties to the community."

Prior to launching Integrity Home Care in 2000, Horton was a partner with accounting firm Whitlock, Selim & Keehn, LLP. He has more than 20 years of experience in public accounting with an emphasis in management consulting, information systems and auditing services.

Horton holds a Bachelor of Science in Business Administration with an Accounting Specialization from Central Missouri State University. He is a member of the American Institute of Certified Public Accountants and has been active in board or volunteer service with the Fellowship of Christian Athletes, Boys & Girls Town of Missouri, Rotary Club of Springfield Southeast and the Springfield Area Chamber of Commerce.

Krystal Kauffman Named New Risk Management Director

February 24, 2016 – Guaranty Bank is pleased to announce that Krystal Kauffman was recently named its new Director of Risk Management.

"As we grow it is imperative that we continue to have sound risk management practices," Guaranty Bank President and CEO Shaun Burke said. "Krystal will lead our compliance, loan review and internal audit staff as we navigate the rapidly changing regulatory and operating environment."

Kauffman has more than 15 years of banking, audit and accounting experience. She joined Guaranty Bank in 2007 and was most recently Vice President, Internal Audit Officer. She holds a Bachelor of Science degree in accounting from Central Methodist University, a Masters of Business Administration from Webster University and is a designated Certified Internal Auditor through the Institute of Internal Auditors. She lives in Nixa with her husband Marc and their two children.

Guaranty Bank Names Ken Johnston New Chief Information Security Officer

February 11, 2016 – Guaranty Bank is pleased to announce that Ken Johnston was recently named its new Chief Information Security Officer.

"In today's environment, our bank's information security is as critical as it ever has been," said Carter Peters, Guaranty Bank's Chief Financial Officer. "We currently operate our security program in a satisfactory manner, but as we continue to grow and expand, satisfactory won't be good enough and additional resources will be required. We need better focus, direction and long-term planning to address all things related to information security."

In his new role, Johnston is responsible for the development, oversight and maintenance of Guaranty Bank's information security program. He will also establish and maintain a security operation that through automated and continuous monitoring will detect, contain and mitigate incidents that impair information security and the bank's information systems.

According to the American Bankers Association, banks across the country stopped $11 billion in fraud attempts in 2014, with attempted fraud against bank deposit accounts reaching $13 billion. Debit card fraud accounted for 66 percent of industry losses, followed by check fraud at 32 percent and electronic transactions such as wire and ACH the remaining 2 percent.

"Ken's skills and expertise are the ideal choice for taking our security needs to the next level," Peters said.

Johnston has been a vice president at Guaranty Bank since 2001, serving as Chief Technical Officer, Chief Information Officer and now Chief Information Security Officer. Before coming to Guaranty Bank Johnston was Director of Information Systems at John Q. Hammons Hotels and Resorts, a network and systems analyst and has been a course instructor for Missouri State University and Webster University.

Guaranty Bank President Shaun Burke Named to Community Depository Institutions Advisory Council

February 4, 2016 – Guaranty Bank is pleased to announce that Shaun Burke, president and CEO, was recently named to the Community Depository Institutions Advisory Council, a regional board which provides information, advice and recommendations to the Federal Reserve System from the perspective of community depository institutions.

Burke began his three-year term on the Midwest's CDIAC in January. The council meets periodically to discuss issues important to community banks and the markets they serve including credit conditions, regulatory policies, payment systems and the local economic environment. The group reports their discussions and recommendations to the 8th Federal Reserve District, also known as the Federal Reserve Bank of St. Louis.

"Serving on the CDIAC is an opportunity to provide real-time feedback and insight on the challenges and opportunities facing community banks in southwest Missouri," Burke said. "It will be an opportunity to gain insight from colleagues across the Midwest about how they've handled common issues and what is working for their clients, communities and financial institutions."

Burke joins banking colleagues from across Arkansas, Indiana, Illinois, Kentucky, Mississippi, Missouri and Tennessee on the council, one of 12 councils representing each bank in the Federal Reserve System.

"It's an honor and privilege to serve with bankers across the 8th Federal Reserve District," he said. "By working together I hope to improve the ability of local financial institutions to serve our clients by communicating how regulatory policies and economic issues impact our day to day decisions."

The CDIAC was established in 2011 to advise the Federal Reserve Bank of St. Louis. The chair of each district's council also meets twice yearly with the Federal Reserve Board of Governors in Washington, D.C. For more information about the Federal Reserve Bank of St. Louis CDIAC visit

Online Bill Pay Upgrades Coming to Guaranty Bank This Month

More freedom, more choices, more everything

February 1, 2016 - Guaranty Bank is upgrading its online bill pay on Feb. 8 to make paying bills better, easier and more convenient than ever. It's a free, automatic upgrade that will add a variety of new features including the ability to pay any person or company with a single click, view all payees and upcoming bills through an improved dashboard, and see bill amounts and payment due dates with eBills, plus much more!

The bill pay upgrade also makes adding payees quicker than ever and even lets users send specialized gift checks for birthdays or donations.

"As customer needs change, it is important for us to be able to offer new ways to help simplify and enhance their life," said Stephanie Rutledge, Guaranty Bank SVP and Director of Consumer Sales and Customer Experience. "This online banking bill pay upgrade allows customers additional functionality and should provide greater choices on how to do their banking."

Guaranty Bank commercial customers will also receive a robust upgrade to online bill pay on Feb. 8, simplifying and improving the way they do business.

"The upgrade offers a comprehensive selection of online services to meet all of our customers' unique needs," said Ashlee Radford, Guaranty Bank VP and Director of Corporate Services. "Our commercial customers will get a strong offering of enhancements that includes eBills, text notifications, extended customer service support hours and reports that are easily customizable."

Guaranty Bank is making the entire upgrade as simple and seamless as possible. Your bill pay service will continue to function as normal behind the scenes, there's no need to worry about that, but you won't be able to access it from Friday, Feb. 5 through Sunday, Feb. 7. Everything else in your online banking account will remain live and accessible.

Here's what you can expect when your online bill pay upgrades on Feb. 8:

  • You will be prompted to answer a challenge phrase the first time you log in to your upgraded online bill pay account.
  • All of your payees and any scheduled payments will automatically carry over to the new system. Just be sure to look and make sure your prior bill pay information seems right to you.
  • If you need to add a new payee, just select the "Add a Payee" button at the top of the dashboard.
  • For more information about adding payees and scheduling payments, go to the "Help" tab inside online bill pay.

Feel free to view a short demo to see the enhanced simplicity and convenience of your upgraded online bill pay. For any questions about your account contact Guaranty Bank's Online Banking department at 417.885.0557.

Why Community Banks Will Matter More in 2016

By Jeremy Tennison, Guaranty Bank SVP & Commercial Relationship Manager

Jan. 25, 2016 - Consultants are great at gauging what's important to a community, not because it's any part of their job but because they travel so often and see so many different places. We recently brought one in and between his drive from the airport to Springfield's south side, he noticed something about us.

"You guys sure have a lot of banks," he said with a smile and a rather thick Texas accent.

Yes we do. There's one on nearly every corner, tucked away in strip centers and lighting up downtown squares. With some 20 banks headquartered in our area, there's a good chance one of their local branches is almost always nearby.

The number of community banks across the country has dropped by more than half in the last 25 years, but that doesn't make community banks any less vital to the overall health of our community. In fact, they might be more vital to businesses and consumers in the coming year than ever. An FDIC report says community banks provide about 45 percent of the banking industry's loans to farms and small businesses despite holding just 14 percent of the industry's overall assets. If small businesses are America's backbone, then community banks are its heart, providing the capital and credit to help these ventures succeed.

In the pages of the Springfield Business Journal this year you'll read more and more about our burgeoning start-up community. While risky, these small businesses are frequently finding success, growing and thriving with local support. These start-ups seek capital from community banks, both conventionally and through Small Business Administration loans, and in newer ways like crowd-funding and shark-tank type investors.

Armed with a business plan and some passion, business owners are finding that community banks are a vital part in making their dreams come true. It's the personal touch, something community banks do perhaps better than anyone else. Sure the banking industry is going digital, but at a community bank the person deciding on your loan is often the person beside you at football games on Friday and church on Sunday. Banking has always been about making connections with people, about forging relationships that often last a lifetime.

The great thing about community banks is that while they're typically not at the forefront of industry innovation, they are often early adopters. The next year will see more digital-only banks enter the marketplace and new technologies in areas like person-to-person lending and financial management. Community banks offer the best of both worlds – soon they'll provide the products and services that consumer confidence supports while retaining the physical presence they trust.

In 2015 we saw mergers, acquisitions, renaming efforts and rebranding campaigns across the local banking landscape. If it taught us anything, it's that change is inevitable. While it's easy to speculate that the industry is headed toward a handful of megabanks, community banks will continue to prosper here and everywhere. The personal attention customers receive is just something that can't be digitized.

Latest BaZing Update Adds Notifications to Popular Money-Saving App

Jan. 12, 2016 - It's hard keeping track of the best deals, special offers and coupons. You know they can save you money, but you forget you have them or just run out of time. It happens. A lot.

But there's a solution for that, one that doesn't require you to do a thing. All it takes is the BaZing app and your smartphone. The rest, literally, comes to you.

The latest update to the BaZing app for iPhone and Android devices introduces notifications. Now, whenever you're within 50 meters of a merchant offering a great deal through BaZing, your cellphone will light up with a message alerting you. The notification appears on your phone even if the app isn't open - just slide it to view the nearby offer. You'll never miss a deal again.

In the BaZing app, notifications can be managed under App Settings. Control is yours – choose to receive notifications from all merchants or just your favorite categories like dining or shopping. You can even choose to receive notifications from specific merchants. Just make sure Location Services is turned on for the BaZing app and let the deals come to you.

If you have any trouble though, the app makes finding help that much easier. Under More you'll find buttons to Call or Email right there in the app. It's as easy as that.

BaZing, of course, isn't like most checking accounts. Not only does it come with money-saving special deals exclusive to account holders, but it allows customers to take advantage of additional benefits like identity restoration, cell phone protection and roadside assistance. It's a mighty checking account unlike any other.

"BaZing is more than a checking account," said Rachael Godden, retail banking officer for Guaranty Bank. "It assists customers in every aspect of their life by providing identity theft restoration, cell phone protection, recreational coupons, pharmacy discounts and travel assistance."

Powered by your checking account, BaZing saves you money with more than 300,000 merchant discounts. From grocery coupons to yoga, BaZing helps you save on things you're likely already using. Want to enjoy a nice dinner at Touch or order in pizza from Domino's? They've got discounts for BaZing customers at this very moment.

BaZing starts with a $6 fee per month, but there are simple ways to bring that fee all the way down to zero. Enrolling in e-statements knocks off $1 plus the fee is reduced by 10 cents with every debit card swipe.

"The value that you receive with this account is significant," said Stephanie Rutledge, Guaranty Bank's director of consumer sales and customer experience. "If you take advantage of one coupon per month, you can offset your monthly fee. You won't find a more reasonable cost for cell phone protection, ID restoration or roadside assistance. It is one convenient fee per month to give you the peace of mind that if something happens, you are covered."

If you already have a Guaranty Bank Advantage Checking Account or Eagle Checking Account, you can still enjoy all the perks that come with BaZing for just $4.

"Our customers have really appreciated all the benefits BaZing provides at such a low cost," Godden said. "You can't pay for all these services for $6 or less a month."

For more information on Guaranty Bank's BaZing checking account or to open one now CLICK HERE. To download the app search for "BaZing" in the iTunes App Store and on Google Play.

Sarah Jarrett Promoted to Assistant Retail Banking Manager

Jan. 8, 2016 – Guaranty Bank is pleased to announce that Sarah Jarrett was recently promoted to assistant retail banking manager at its South National banking center in Springfield, Mo.

Jarrett joined Guaranty Bank in 2007 as a full-time teller and in 2013 was named a retail lead. She has more than eight years of banking experience, all at Guaranty Bank. In addition to her professional progression she has completed a dozen courses through Ozark's Technical Community College's Center for Financial Training, acquiring 22 credit hours for professional development.

"Sarah brings knowledge, commitment and leadership to this role," said Teresa Blair, Senior Vice President and Director of Operations, Facilities and Security for Guaranty Bank. "We're excited for her to join the National Banking Center team."

Jarrett, who also volunteers for Harmony House and Convoy of Hope, lives in Springfield with her husband Cody.

Guaranty Bank President Shaun Burke Attends National Meeting for Community Bank Leaders

Dec. 16, 2015 – Community bankers from across the country gathered in Washington, D.C. this past week to discuss solutions to recent cybersecurity breaches and the challenges currently facing community banks. Guaranty Bank President and CEO Shaun Burke was among those leading the conversation.

Burke, who attended the ABA Community Bankers Council and the ABA Government Relations Council Administrative Committee joint meeting Dec. 7-9, said the bankers talked at length about regulatory issues that might impact the nation's 6,000 hometown banks and their communities.

"Community banks are such a vital part of our financial industry's infrastructure," Burke said. "The strength and success of these banks have a great impact on the vitality of the communities they serve."

Maria Contreras-Sweet, U.S. Administrator of the Small Business Administration, was one of the featured speakers at the meeting.

Other topics receiving attention were cybersecurity, elder financial exploitation, regulations and pending legislation priorities. Council members also had the chance to exchange ideas on innovative products, solutions and management strategies they have implemented recently.

The ABA Community Bankers Council, which meets twice a year, is made up of approximately 100 bankers from institutions with generally less than $3 billion in assets. Members are appointed by the ABA chairman.

Burke, a Nixa resident, is in the second year of his term on the ABA Community Bankers Council. He also serves on the Missouri Bankers Association's Board as its Legislative Committee Chair and has more than 30 years of banking experience.

Guaranty Bank and Habitat for Humanity to Distribute $500,000 in Home Repair Grants

Nov. 20, 2015 – Nearly 40 homes in Springfield will soon be able to make much-needed improvements thanks to a nearly half-million dollar grant Guaranty Bank has received from the Federal Home Loan Bank of Des Moines' Affordable Housing Program. Worth $492,570, the grant will be distributed through Springfield's Habitat for Humanity as part of their Creating Healthy Homes program.

"We are very pleased to work with Habitat for Humanity to assist in distributing these funds," said Dana Elwell, Guaranty Bank senior vice president and commercial relationship manager. "They are dedicated to helping Springfield and its residents improve the quality of their homes and their lives. It's very rewarding for Guaranty Bank to be a part of such a worthwhile community investment project."

The grant, worth $492,570, will primarily help low to moderate income households make repairs to help alleviate code violations and potential health risks. Four neighborhoods in Springfield are targeted with the project: Grant Beach, Midtown, West Central and Woodland Heights. The grants will average $12,000 and include a five year retention period, meaning they only have to be paid back if the house is sold or refinanced within five years of the home improvement's completion.

Guaranty Bank and Habitat for Humanity's Creating Healthy Homes grant program is one of several dozen funded by the FHLB of Des Moines. The bank recently awarded $19.3 million in housing grant projects across its 13-state territory. This year's grant marks the fifth that Guaranty Bank has received in the past five years, handing out more than $1.2 million to improve Springfield homes.

Habitat for Humanity will begin taking applications for the Creating Healthy Homes grant program in the coming months. For more information contact Habitat for Humanity at (417) 829-4001 or visit

Ashlee Radford Joins Guaranty Bank

Nov. 9, 2015 – Guaranty Bank is pleased to announce that Ashlee Radford has joined Guaranty Bank as its new Vice President and Director of Corporate Services.

Radford has more than 14 years of banking experience, most recently serving as Assistant Vice President and Cash Management Officer for Liberty Bank. In her career she has held a variety of positions including banking center manager, Cash Management Specialist, consumer banking officer, proof operator, personal banker and teller.

"Ashlee brings a wealth of experience in providing deposit and merchant service solutions to her customers. Her substantial knowledge of business banking and her leadership skills make her a great addition to our commercial team," said Mike Mattson, Guaranty Bank Executive Vice President and Chief Lending Officer. "Guaranty Bank currently offers an outstanding suite of products to our clients and this will only improve with Ashlee's commitment to add more innovative solutions. Ashlee has held positions of increasing management responsibility throughout her career and brings to Guaranty Bank the proven ability to grow commercial banking through strengthened customer and community partnerships."

Radford graduated from Drury University in Springfield, Mo. with a Bachelor of Arts in Leadership Studies/Organizational Studies in 2010. She is active with Nixa Care to Learn and lives in Nixa with her husband Blayne and their two daughters.

Empowering Our Heroes

Guaranty Bank joins Missouri Bankers Association for Nov. 6 'Segs4Vets Day'

Nov. 2, 2015 – Army Cpl. Zach Tucker was walking along a road in Afghanistan when the unthinkable happened.

"I stepped in the wrong spot," he said.

An IED, buried along the roadside, exploded beneath him. He lost both legs and his left arm from the injuries he sustained that June day.

Two and a half years later, in November of 2014, Tucker was in physical therapy in San Antonio, Texas when his physical therapist connected him with Segs4Vets, a national charity dedicated to improving the quality of life for injured veterans by retrofitting the ultra-maneuverable Segway. The donation, called an Ally chair, would open up a new world of possibilities for him.

"It's by far the best wheelchair I've ever had," Tucker said. "It's more compact than a conventional wheelchair and goes more places than a powered wheelchair. I've not had a single problem with it."

Instead of the standing base found on standard Segway personal transporters, Tucker's Ally chair places a well-balanced seat above the wheel base of a Segway. It stays balanced on its own with patented gyro technology - when you lean forward it goes forward, Tucker said, and when you lean back, it goes back.

"It's super easy to use," he said. "It just takes a little core strength. I learned to use it in all of five minutes."

Alongside his wife Misty, Tucker said his Ally chair allows him to do things and go places he otherwise couldn't before, things like traveling to Springfield to visit family.

"For the most part, I can get pretty close back to a normal life," he said.

Segs4Vets is the designated charity of the Missouri Bankers Association and Friday, Nov. 6 is the MBA's Segs4Vets Day. Guaranty Bank employees will be in jeans that day with donations benefiting Segs4Vets. An account has also been created so that Guaranty Bank customers may contribute to the charity as well.

"I have had the honor of witnessing the presentation of our collective donations to Segs4Vets at the Missouri Bankers Association's Executive Conference for several years," Guaranty Bank President Shaun Burke said. "Each year we have the privilege of meeting injured veterans and hearing the stories of how this equipment changes their lives. It is a stark reminder of their sacrifice to our nation and our obligation to do whatever we can to improve their quality of life. I'm proud to give to this great cause and I encourage you to give generously."

The MBA's goal this year is to raise $58,500, the amount needed to fully fund six Segway transporters for veterans. Since 2009, the MBA and its member banks have raised more than $250,000 for Segs4Vets.

For more information about the Segs4Vets charity visit

Local Banks Band Together to Support Harmony House

Domestic violence shelter secures hotel property in Southeast Springfield

Oct. 1, 2015 - Banks aren't always known to get along - the industry, after all, is highly competitive. But when the situation calls for it, a little teamwork can go a long way.

Harmony House, Greene County's domestic violence shelter, recently needed help securing a loan for a newer, larger property they desperately needed. Eight local banks, including Guaranty Bank, answered their call for assistance.

"We're currently located in an old building downtown that requires a lot of maintenance," said Lisa Farmer, executive director of Harmony House. "We don't have enough beds. We turned away a little over 2,300 women and children last year."

These local banks banded together to provide Harmony House with what's called a bridge loan. Unlike traditional commercial loans, where one bank takes on all the risk that comes with lending money, the risk in a bridge loan is divided evenly between each bank. But in the case of aiding Harmony House, it was all about helping a vital part of the community.

"The unfortunate truth is that our community has a serious and growing domestic abuse problem," Guaranty Bank President and CEO Shaun Burke said. "By joining in this cause, the eight participating banks can pool our resources and make a significant difference in breaking the cycle of abuse by assisting with this great new facility."

Harmony House used its bridge loan to purchase a vacant hotel property in Southeast Springfield. With it, they'll be able to provide shelter space for up to 160 people per night, a larger children's playground, private bathrooms in every room, tornado shelter, new commercial kitchen and more.

"It's a newer building and it's in a great part of town," Farmer said. "We will have much more space and be able to shelter more women and children at night."

Commercial Relationship Manager Shelley Evans spearheaded Guaranty Bank's role in the property acquisition. As a former board member for The Victim Center, one of many Harmony House partner agencies, Evans said she was more than happy to help the domestic violence shelter meet its growing needs.

"Domestic violence is one of the top red flag issues in our community," Evans said. "Harmony House provides much needed temporary housing for those individuals and their families looking to escape a domestic violence situation. This will be so much nicer."

Farmer said the new facility still needs upgrades to its kitchen, a new administrative wing and a larger area to accept donations. It's all part of a $5 million capital fundraising campaign currently underway.

"If all goes well, if we continue to be successful in our fundraising, we hope to begin construction in February and move in next August," she said.

Since 1976, Harmony House has sheltered and protected more than 8,000 women and 7,000 children, answered more than 70,000 hotline calls and provided more than 380,000 safe bed nights. Springfield has the highest rate of aggravated domestic assaults per capita of any Missouri metropolitan area, Farmer said, and our community saw a 20% increase in these assaults last year alone.

"Often we may never know that our sister, daughter or co-worker is enduring great pain as a victim of domestic abuse," Burke said. "The valuable resources provided by this great agency are vital to the overall quality of life we all desire."

Donations are tax deductible, Farmer added, and can be made online at or by calling (417) 837-7700.

"We really do appreciate Guaranty Bank and the other banks that came together to make this bridge loan available to us," she said. "It is important to the whole community. It takes a community to pull this off. We're really, really grateful for the support."

Save Time and Money with a Streamlined Home Refinance

It's never been easier for homeowners with FHA and VA loans to reduce their monthly payments

Sept. 29, 2015 - What would you do with a little extra money each month? Save for a family vacation? Upgrade to a better TV? Or maybe just enjoy a little extra breathing room? The possibilities are endless and, for homeowners with an FHA or VA loan, it's incredibly simple to do.

Just ask.

The process is called an FHA Streamlined Refinance. For homeowners with an existing FHA home loan, it's a simple way to reduce your monthly mortgage payment by lowering the interest rate. There's no appraisal needed, little to no income documents are required and there are limited closing costs, sometimes none at all. They're not rolled into the loan either – no catches or strings attached. Hence the term "streamlined" – there's very little paperwork required by the bank.

"Our FHA Streamlined Refinance option is a great way to lower your current FHA loan while rates are still at historic lows," said Michael Frerking, Guaranty Bank residential lending manager and senior vice president. "If your current loan is an FHA loan then check your rate and call to see if we have any lower options for you. There is no cost or obligation to inquire and you don't have to be a Guaranty Bank customer. We're happy to discuss this option with anyone who may qualify."

There's a similar refinancing option for VA loans, Frerking said. It's called a VA Interest Rate Reduction Loan, or VA IRRRL, and can simply and quickly lower the current interest rate of your existing VA loan. Just like the FHA Streamlined Refinance, there's no appraisal or Certificate of Eligibility needed, little to no income documentation required and often times nothing due at closing.

"You can start saving money on your current VA loan by checking to see if your rate is higher than current market rates," Frerking said. "Rates are still at historic lows so call one of our experienced VA lenders. Like I said, there's no cost or obligation to talk to us."

Call Guaranty Bank at (417) 520-4333 or click here to contact a lender who can help you get started.

Guaranty Federal Bancshares, Inc. Celebrates 20 Years on NASDAQ


Sept. 23, 2015 - Guaranty Federal Bancshares, Inc. (NASDAQ:GFED), the holding company for Springfield-based Guaranty Bank, celebrated its 20th anniversary on the NASDAQ Stock Market this week.

"NASDAQ has been a trusted partner with Guaranty Federal since going public in 1995," said Carter Peters, Chief Financial Officer for Guaranty Bank.

GFED opened on the NASDAQ April 10, 1995 with a stock quote of $4.40. Today GFED has a $14.40 quote and more than $650 million in total assets.

"Over the last 20 years the company has more than doubled in locations, employees, asset size and total revenue," Peters said. "This milestone is just another testament to the longevity and success of the company which is attributable to the hard work and dedication of our employees."

The anniversary was highlighted by a special congratulatory message that appeared Sept. 21 on the NASDAQ's seven-story LED tower in New York City's Times Square.

Guaranty Bank was founded in 1913 as the Guaranty Savings and Loan Association. The bank was converted to a federal charter in 1935 and, in 1995, members of the Guaranty Federal Savings and Loan Association voted to issue public stock, creating Guaranty Federal Bancshares, Inc. The NASDAQ Stock Market was founded in 1971 as the world's first electronic stock market. Today it is the world's largest stock market with more than 3,000 companies listed.

For more information about Guaranty Federal Bancshares, Inc. and its subsidiary Guaranty Bank visit For more information about the NASDAQ Stock Market visit

Guaranty Bank Joins the MoneyPass ATM Network

Access to more than 24,000 ATMs nationwide

Sept. 15, 2015 - When it comes to ATMs, Guaranty Bank knows that you want easy access, no surcharges and no surprises. That's why we've improved your ATM options by joining the MoneyPass ATM network which offers free access to more than 24,000 ATMs nationwide!

MoneyPass offers a convenient online ATM locater at so that you can find the MoneyPass ATMs that are close to you! They also offer a free, feature-rich ATM locater app for Android on Google Play and iPhone in the App Store.

There's more! Many MoneyPass ATMs are conveniently located at banking drive-thrus, which will save you the hassle of getting out of your vehicle when you need cash fast.

Guaranty Bank is still a member of the TransFund ATM network. Customers can continue to use TransFund ATMs free of charge along with the MoneyPass network. Effective Oct. 15, 2015, however, Kum & Go convenience stores will no longer be part of the TransFund ATM network. This decision was made by the Kum & Go parent company.

You can locate all TransFund ATMs by using their ATM locater tools. Their online locater is available at and their free ATM locater apps are on Google Play and in the App Store.

Now you have two great ATM networks to choose from! Helpful hint: If you frequent the ATMs at Kum & Go, you'll be pleased to find there are many "free to you" MoneyPass and TransFund ATMs just around the corner. Visit the ATM locater options to find your favorite and most convenient ATM locations. Please visit Guaranty Bank's Debit Cards page to download the smartphone apps for MoneyPass and TransFund.

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Instant Issue Debit Cards Now Available

Printed on the spot and ready to use in seconds

Aug. 27, 2015 - They're smooth. They're slick. They're instant. Instant Issue Debit Cards are now available at Guaranty Bank and they're as quick and sleek as you imagined.

Instant Issue Debit Cards are exactly what they sound like. New or existing Guaranty Bank customers can walk into a banking center and receive a debit card that's active and ready to use by the time they walk out the door.

"Instant Issue is another convenient feature for our customers," said Stephanie Rutledge, Director of Consumer Sales and Customer Experience. "New and existing customers can now leave the branch with a fully functional debit card which allows them immediate and convenient access to their account."

Traditional debit cards can take upwards of two weeks to be processed and delivered to customers. Gone are the days of waiting to receive a PIN and a card in the mail. No longer do you have to carry cash or checks until a replacement debit card is received. Instant Issue Debit Cards are printed on the spot and are ready to use immediately.

Instant Issue customers can still choose any of Guaranty Bank's debit cards, whether it's the sleek Guaranty Advantage Card or the specialty debit cards that benefit the Breast Cancer Foundation of the Ozarks, Nixa Public Schools or Ozark School District.

Debit card printers are located at four Guaranty Bank branches: 1341 W. Battlefield, 2109 N. Glenstone and 4343 S. National in Springfield as well as 1701 W. State Highway J in Ozark. New or existing customers can visit any of these four banking centers during lobby hours to receive an Instant Issue Debit Card. New or existing customers who visit any of Guaranty Bank's five other banking centers in Springfield and Nixa may order an Instant Issue Debit Card and request branch pickup or mail service, resulting in card receipt within one or two business days.

Click here for more information about Guaranty Bank's debit cards.

Do More with Mobile Banking from Guaranty Bank

April 30, 2015 - How important is your cell phone? Did you check your e-mail this morning, your Facebook feed at lunch, maybe even buy movie tickets or a birthday present? Statistically speaking, you're probably even reading this story on it. There is seemingly nothing these hand-held super computers can't do – they go with us everywhere and put the world at our fingertips, including your bank account.

Mobile banking is like carrying a bank branch in your pocket. It's always open and provides not just access to all of your Guaranty Bank accounts but the ability to perform your most important banking tasks: Check balances, view account activity, transfer funds between accounts and even deposit checks for free with mobile check deposit. It's fast, safe, convenient and, perhaps best of all, free.

"Today we use our mobile devices to gain instant access to news, mail, photos and more," said Shaun Burke, Guaranty Bank president and CEO. "Guaranty Bank's mobile banking applications provide easy and secure access to all your banking services 24/7 and is fundamentally transforming how all of us bank."

More than 90 percent of American adults have a mobile phone, according to research from the American Bankers Association, and 56 percent have smartphones. Of smartphone users, more than half are mobile bankers, the ABA says.

The demand for mobile banking options, including apps and increased functionality with mobile optimization, continues to grow at staggering rates as customers realize the simplicity and security of mobile banking. Upwards of 93 percent of customers check their account balances with mobile banking and 57 percent are transferring money between their accounts. Nearly 40 percent deposit a check using a mobile phone camera with these statistics rising every single year, the ABA says.

Click here to learn more about mobile banking or to download the Guaranty Bank mobile app for iPhone and Android devices.

Guaranty Bank Partners with Make-A-Wish® Missouri to Restore Classic Mustang for Teen Battling Cancer


April 2, 2015 - Wish kid Kodi, from Battlefield, Mo., is battling T-cell Lymphoblastic Lymphoma, a rare and highly malignant type of non-Hodgkin's lymphoma. Kodi was diagnosed on his 17th birthday, March 20, 2013. He began chemotherapy treatments the following day.

His treatment consisted of weekly chemotherapy injections for six months which then transitioned to monthly treatments for two years after that. The prognosis was demoralizing, but not unbeatable.

"It's very devastating to hear your child has a life-threatening disease," his father Alan said. "You really are in shock initially because you feel completely helpless."

Immediately after his diagnosis, Kodi spent several weeks at St. Louis Children's Hospital. The size of the mass in his chest was large enough to restrict his airway, so the initial spinal chemo treatments were done in the operating room under anesthesia as a precaution.

Although Kodi's disease is quite serious, the family feels very fortunate. Kodi was lucky enough to connect with very good doctors early on that recognized what was happening. They were able to catch the disease before it progressed too far and the medical team has said they expect a better that 90 percent chance of a complete cure. Kodi recently completed his last round of treatments and celebrated not only his 19th birthday on March 20, but also celebrated his two year battle with Lymphoma that he has been winning.

But that's not all he got to celebrate last weekend. On Saturday, March 28, Kodi's wish came true when Make-A-Wish Missouri and Guaranty Bank presented him with his fully-restored 1970 Ford MACH 1 Mustang during a special presentation. His wish was to have his car restored and Guaranty Bank and Make-A-Wish were proud to make it a reality. Local Springfield businesses Car-Fi and Springfield Perfect Tint, as well as PS Restorations in Camdenton, donated time and services to restore Kodi's car.

Kodi is currently attending OTC in Springfield and is looking forward to showing off his new ride to all of his friends and family!

Make-A-Wish Missouri grants the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy. For more information visit


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 and a Loan Production Office in Webster County. In addition, Guaranty Bank is a member of the TransFund ATM network which provides its customers surcharge-free access to more than 100 area ATMs and more than 1,600 ATMs nationwide. For more information visit the Guaranty Bank website at