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

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Transaction Increases Guaranty’s Total Assets to Approximately $980 Million

Update: The deal announced in December 2017 has been completed. Click on the article below to read more about this transaction.


12/1/17 - The Carthage Press

Guaranty Federal Bancshares Announces Agreement to Acquire Hometown Bank

The Barack Ferrazzano Financial Institutions Group is acting as legal counsel to Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) in connection with the pending merger with Hometown Bancshares, Inc. When the transaction is completed, Hometown will merge into Guaranty, leaving Guaranty as the surviving corporation.

Hometown is the holding company for Hometown Bank and has assets of approximately $183 million as of September 30, 2017. Following the completion of the merger, Guaranty will have approximately $950 million in assets with 18 banking offices located in Missouri.

Under the terms of the agreement, each share of Hometown common stock will receive $20 in cash and the transaction is valued at approximately $4.6 million. It is anticipated to be completed during the first quarter of 2018 with the merger of Hometown Bank into Guaranty Bank, Guaranty's wholly-owned subsidiary bank, in the second or third quarter of 2018. The acquisition is subject to approvals of the appropriate banking regulatory authorities and Hometown’s shareholders.

Barack Ferrazzano’s team was led by Robert M. Fleetwood, along with Katherine Fritzi Getz. Executive compensation and benefits were handled by Donald L. Norman and K.C. Klagos.

Click here to read more about this transaction.

Guaranty Federal Bancshares, Inc.

Guaranty Federal Bancshares, Inc. has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is headquartered in Springfield, Missouri, and has 11 full-service branches in Greene, Christian and Jasper Counties and a Loan Production Office in Webster County. Guaranty Bank is a member of the MoneyPass and TransFund ATM networks which provide its customers surcharge free access to over 24,000 ATMs nationwide.

Barack Ferrazzano Financial Institutions Group

Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled—over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to S&P Global Market Intelligence. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2018 report.

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