YOUR BUSINESS AUTHORITY

Springfield, MO

At Farmers Park, Guaranty opens 11th branch

Posted online

Springfield-based Guaranty Federal Bancshares Inc. (Nasdaq: GFED) opened its 11th branch this week in Farmers Park, where it plans to finish relocating its executives by month’s end.

The operator of Guaranty Bank leases 26,000 square feet for undisclosed terms at the mixed-use development’s $6 million, 55,000-square-foot fifth and final building, 2144 E. Republic Road. Guaranty’s space spans three of four floors for the branch and company operations, including executive functions, accounting, commercial lending, marketing and human resources. The company’s headquarters remain at 1341 W. Battlefield Road, according to a news release. Company spokeswoman Carlye Wannenmacher said the new branch on the Farmers Park building’s ground floor opened Nov. 13.

“We had been looking for the right location to serve our clients in southeast Springfield for some time. Farmers Park is a premier destination in that area with a lot of amenities that fit nicely with our image of the Guaranty Bank of the future,” Guaranty Bank President and CEO Shaun Burke said in the release. “We have deployed some new technology in this location that will meet our customers’ needs more efficiently and align with the vibrant, contemporary atmosphere of the development.”

Under the leadership of Rachael Godden, the Guaranty branch employs five, Wannenmacher said. Guaranty will have 60 employees in the building when the transition is complete, she said.

The opening in Farmers Park follows Guaranty’s August conversion of a Joplin loan production office into its 10th full-service branch.

Guaranty last month reported third-quarter net income available to common shareholders of $1.7 million, an 11 percent increase compared with $1.5 million a year earlier.

GFED shares were trading at $21.26 as of 8:33 a.m., compared with a 52-week range of $15.89 to $23.71.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Startup Corner: Eden Garrett, Eden’s Flower Truck

The 21-year-old is working to graduate in May while cultivating her small business.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
Demand Pull Inventory Control

“We’re doing really complicated math, forecasting way in the spring, what we’re gonna need in inventory by what date,” says Shawn Askinosie, the Founder and CEO of Askinosie Chocolate. The …

Need to Focus Leads to Sale of Business “It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …
My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …
From Cutbacks to Cutting Tracks “Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …
Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …