SPRINGFIELD, Mo., Sept. 29, 2006 (PRIMEZONE) -- Guaranty Federal Bancshares, Inc. (Nasdaq:GFED), the holding company for Guaranty Bank, announces the addition of Adam Perryman to its growing Mortgage Lending group.
"Adam is a life-long Springfield resident and knows the market due to his time spent as a real estate agent. His competitive nature combined with our proven relationship-driven approach and unparalleled product mix will ensure his success and our goal to expand market share," said Shaun Burke, President and CEO. Adam has a marketing degree from Missouri State University and prior to joining Guaranty was a licensed real estate agent with Murney Associates.
For 93 years Guaranty Bank has been a leading provider of mortgage lending solutions to the residents of southwest Missouri. Development, construction and mortgage lending continues to be a primary focus of the organization as evidenced by the recent addition of two mortgage loan production offices in the contiguous south central Missouri market.
Guaranty Federal Bancshares, Inc. has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is located in Springfield, Missouri, and has eight branches and 20 ATM locations located in Greene and Christian Counties and Loan Production Offices in Wright 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.
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. 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; and fluctuation in inflation.