QCR Holdings, Inc. Announces Acquisition of Guaranty Federal Bancshares, Inc.
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 with our clients matter. Guaranty Ba