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QCR Holdings, Inc. Announces Acquisition of Guaranty Federal Bancshares, Inc.

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The Barack Ferrazzano Financial Institutions Group served as legal counsel to QCR Holdings, Inc. (NASDAQ: QCRH) in the acquisition of Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) and its banking subsidiary, Guaranty Bank. In connection with the transaction, QCR Holdings will merge Guaranty Bank into Springfield First Community Bank, QCR Holdings’ Springfield, Missouri-based charter.

After closing, QCR Holdings intends to operate its branches under the Guaranty Bank name in southwest Missouri. As of September 30, 2021, the combined bank will have approximately $2.0 billion in total assets, $1.5 billion in total loans and $1.6 billion in total deposits. 

“Springfield and neighboring southwest Missouri markets make up a vibrant region where strong relationships with our clients matter. Guaranty Bank strongly aligns with our culture and our dedication to client service,” said Larry Helling, QCR Holdings Chief Executive Officer.

Barack Ferrazzano’s legal team was led by Robert M. Fleetwood, Abdul R. Mitha and Katherine Fritzi Getz. Executive compensation and benefits were handled by Donald L. Norman, Jr. Tax considerations of the transaction were handled by Michael J. Towne and Alice Lin.

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