Guaranty names Integrity CEO to board

Guaranty Federal Bancshares Inc. (Nasdaq: GFED) named the co-founder and CEO of Integrity Home Care Inc. to its board of directors.

Greg Horton, who also co-owns Integrity’s pharmacy company, becomes the ninth member of the board, according to Guaranty’s investor relations website.

“Mr. Horton will be a valuable addition to the board due to his significant experience in leading a large service-based organization and his tenure in public accounting and management consulting,” Guaranty Bank President and CEO Shaun Burke said in a news release. “He has an in-depth understanding of Guaranty Bank’s market area and significant business and civic ties to the community.”

According to the March 2015 Springfield Business Journal article “Jack of All Trades,” nonemployee members of the Guaranty board receive cash compensation of $750 per monthly board meeting attended, and fees for committee memberships or attendance at committee meetings range from $125 to $200 per meeting, plus stock options.

Prior to starting Integrity Home Care, Horton was a partner in accounting firm Whitlock, Selim & Keehn LLP.

He joins a board governing Guaranty’s nine branches in Greene and Christian Counties, $652.8 million in assets and $517.4 million in deposits.

In 2015, Guaranty posted earnings of $5.7 million, a 5.4 percent increase from 2014.

GFED shares closed yesterday at $15, compared to a 52-week range of $14.15 to $15.89.