Guaranty Federal Bancshares, Inc. Board of Directors Elects James R. Batten as Chairman and John F. Griesemer as Vice-Chairma...
11 Maio 2016 - 10:00AM
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.
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 Jasper and
Webster Counties. Guaranty Bank is a member of the
MoneyPass and TransFund ATM networks which provide its customers
surcharge free access to over 24,000 ATMs nationwide. For
more information visit the Guaranty Bank website:
www.gbankmo.com.
The Company may from time to time make written
or oral “forward-looking statements,” including statements
contained in the Company’s filings with the SEC, in its reports to
stockholders and in other communications by the Company, which are
made in good faith by the Company pursuant to the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Words such as “anticipates,” “estimates,” “believes,” “expects,”
and similar expressions are intended to identify such
forward-looking statements but are not the exclusive means of
identifying such statements.
These forward-looking statements involve risks
and uncertainties, such as statements of the Company’s plans,
objectives, expectations, estimates and intentions that are subject
to change based on various important factors (some of which are
beyond the Company’s control). The following factors, among others,
could cause the Company’s financial performance to differ
materially from the plans, objectives, expectations, estimates and
intentions expressed in such forward-looking statements:
- the strength of the United States economy in general and the
strength of the local economies in which we conduct
operations;
- the effects of, and changes in, trade, monetary and fiscal
policies and laws, including interest rate policies of the Federal
Reserve, inflation, interest rates, market and monetary
fluctuations;
- the timely development of and acceptance of new products and
services and the perceived overall value of these products and
services by users, including the features, pricing and quality
compared to competitors’ products and services;
- the willingness of users to substitute competitors’ products
and services for our products and services;
- our success in gaining regulatory approval of our products and
services, when required;
- the impact of changes in financial services laws and
regulations (including laws concerning taxes, banking, securities
and insurance);
- technological changes;
- the ability to successfully manage and integrate any future
acquisitions if and when our board of directors and management
conclude any such acquisitions are appropriate;
- changes in consumer spending and saving habits;
- our success at managing the risks resulting from these factors;
and
- other factors set forth in reports and other documents filed by
the Company with the SEC from time to time.
Contacts:
Shaun A. Burke, President and CEO or Carter M. Peters, CFO
1341 W. Battlefield
Springfield, MO 65807
417-520-4333
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