Close

QCR Holdings (QCRH) Announces Acquisition of Guaranty Federal Bancshares (GFED) in Cash and Stock Deal

Go back to QCR Holdings (QCRH) Announces Acquisition of Guaranty Federal Bancshares (GFED) in Cash and Stock Deal

QCR Holdings, Inc. Announces Acquisition of Guaranty Federal Bancshares, Inc.

November 9, 2021 9:34 AM EST

MOLINE, Ill. and SPRINGFIELD, Mo., Nov. 09, 2021 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (QCR Holdings) and Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) (Guaranty) jointly announced today the signing of a definitive agreement whereby QCR Holdings will acquire Guaranty and merge Guaranty Bank, the banking subsidiary of Guaranty into Springfield First Community Bank (SFC Bank), QCR Holdings Springfield-based charter. The combined bank will operate under the Guaranty Bank name in all Springfield and southwest Missouri markets.

Springfield and neighboring Southwest Missouri markets make up a vibrant region where strong relationships... More