Guaranty officer sets retirement date

Guaranty Federal Bancshares Inc.’s (Nasdaq: GFED) 10-year chief lending officer is set to retire this summer.

H. Michael Mattson, 62, who’s also executive vice president for the Springfield banking company, is scheduled to exit June 30, according to a news release. Mattson’s total compensation in fiscal 2014 was $213,113, according to the company’s latest proxy statement.

A lender for 37 years, Mattson joined Guaranty in 2006.

“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,” Guaranty Bank President and CEO Shaun Burke said in the release. “I wish him and his family all the best in retirement."

Prior to joining Guaranty, Mattson worked five years as senior vice president and chief lending officer at Liberty Bank, according to his LinkedIn profile.

At Guaranty, officials now will actively seek Mattson’s successor by June 30, according to the release.

Guaranty, which operates nine branches in Greene and Christian counties and a loan production office in Webster County, posted 2015 earnings of $5.7 million, a 5.4 percent increase from 2014.

GFED shares were trading at $14.95 as of 9:59 a.m., compared to a 52-week range of $14.15 to $15.89.