Guaranty Federal Bancshares, Inc. Authorizes New Share Repurchase Plan
28 Febrero 2020 - 9:00AM
Guaranty Federal Bancshares, Inc., (NASDAQ:GFED), the holding
company (the “Company”) for Guaranty Bank, today announces that the
Board of Directors has authorized a new share repurchase plan for
up to 250,000 shares of the Company’s outstanding common stock,
which represents approximately 6% of the outstanding shares. The
plan is authorized through December 31, 2022.
Shares of common stock may be repurchased
through open market transactions or privately negotiated
transactions, pursuant to a trading plan in accordance with
applicable securities laws. The timing and amount of share
repurchases will be depend on several factors, including the market
price of the common stock, general market and economic conditions,
legal and regulatory requirements and the Company’s financial
performance. The share repurchase plan does not obligate the
Company to acquire any particular number shares, and the Board of
Directors may modify, amend or terminate the plan at any time.
About Guaranty Federal Bancshares,
Inc.Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) has a
subsidiary corporation offering full banking services. The
principal subsidiary, Guaranty Bank, is headquartered in
Springfield, Missouri, and has 16 full-service branches in Greene,
Christian, Jasper and Newton 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 32,000 ATMs nationwide. For more information
visit the Guaranty Bank website: www.gbankmo.com.
The Company may from time to time make written
or oral “forward-looking statements,” including statements
contained in the Company’s filings with the SEC, in its reports to
stockholders and in other communications by the Company, which are
made in good faith by the Company pursuant to the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Words such as “anticipates,” “estimates,” “believes,” “expects,”
and similar expressions are intended to identify such
forward-looking statements but are not the exclusive means of
identifying such statements.
These forward-looking statements involve risks
and uncertainties, such as statements of the Company’s plans,
objectives, expectations, estimates and intentions, that are
subject to change based on various important factors (some of which
are beyond the Company’s control). The following factors, among
others, could cause the Company’s financial performance to differ
materially from the plans, objectives, expectations, estimates and
intentions expressed in such forward-looking statements:
- the strength of the United States
economy in general and the strength of the local economies in which
we conduct operations;
- the effects of, and changes in,
trade, monetary and fiscal policies and laws, including interest
rate policies of the Federal Reserve, inflation, interest rates,
market and monetary fluctuations;
- the timely development of and
acceptance of new products and services and the perceived overall
value of these products and services by users, including the
features, pricing and quality compared to competitors’ products and
services;
- the willingness of users to
substitute competitors’ products and services for our products and
services;
- our success in gaining regulatory
approval of our products and services, when required;
- the impact of changes in financial
services laws and regulations (including laws concerning taxes,
banking, securities and insurance);
- technological changes;
- the ability to successfully manage
and integrate any future acquisitions if and when our board of
directors and management conclude any such acquisitions are
appropriate;
- changes in consumer spending and
saving habits;
- our success at managing the risks
resulting from these factors; and
- other factors set forth in reports
and other documents filed by the Company with the SEC from time to
time.
Contacts: |
Shaun A. Burke, President and CEO or Carter M. Peters, CFO2144 E.
Republic Road, Suite F200Springfield, MO
658041.833.875.2492 |
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