Springfield Underground leader appointed to Guaranty parent's board

Provided by Guaranty Bank

John Griesemer is among a dozen members on the QCR Holdings Board of Directors.

Moline, Illinois-based QCR Holdings Inc. (Nasdaq: QCRH), which on Friday completed its acquisition of Guaranty Federal Bancshares Inc. (Nasdaq: GFED), today announced the appointment of Springfield Underground leader John Griesemer to its board of directors.

Griesemer, who is president and CEO of Erlen Group, which encompasses Springfield Underground and a handful of other companies, previously was a Guaranty board member, according to a news release.

"His experience leading a successful family of companies and his strong community involvement will be a valuable addition to our team," QCR CEO Larry Helling said in the release. "As a former Guaranty Federal board member, John also brings a unique and important perspective to the board early as we expand our presence in southwest Missouri.”

With Griesemer, QCR's board has a dozen members, according to its website.

As a QCR board member, he'll help oversee the company's new expansion play in southwest Missouri. The company on Friday finalized its $152 million acquisition of Guaranty Bank, which is merging with Springfield First Community Bank, according to past reporting.