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-0.00289800799186335 -0.00289800799186335 -0.00289800799186335 -0.00289800799186335 -0.00289800799186335 -0.00289800799186335 -0.00289800799186335 4.68107017775721E-05
Stock impact report

Guaranty Federal Bancshares, Inc. Completes the Acquisition of Hometown Bancshares, Inc.

Guaranty Federal Bancshares, Inc. (GFED) 
US:NASDAQ Investor Relations: fgb.net/investor-relations
Company Research Source: GlobeNewswire
SPRINGFIELD, Mo., April 02, 2018 (GLOBE NEWSWIRE) -- Guaranty Federal Bancshares, Inc. (NASDAQ:GFED), the holding company (the “Company”) for Guaranty Bank, today announced the completion of its previously announced acquisition of Carthage, Missouri-based Hometown Bancshares, Inc. ("Hometown"), the parent of Hometown Bank, National Association. As a result of the transaction, Hometown Bank, National Association is now a wholly owned subsidiary of the Company. The transaction increases the Company’s total assets to approximately $980 million, based on information as of December 31, 2017. The transaction was first announced on December 1, 2017. As a result of the merger, each share of Hometown common stock issued and outstanding was converted into the right to receive $20.00 in cash. The aggregate transaction value was approximately $4.6 million. Shaun A. Burke, President and Chief Executive Officer of the Company stated, “We are very pleased to announce the completion of the Ho Show less Read more
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