QCR Holdings Acquires Guaranty Federal Bancshares (Guaranty Bank)

QCR Holdings, Inc. agreed to acquire Guaranty Federal Bancshares, Inc. and merge Guaranty Bank into QCR’s Springfield First Community Bank charter, with the combined franchise operating under the Guaranty Bank name in Springfield and southwest Missouri. Consideration options include cash, QCR stock or a mix, and the transaction was valued at about $152 million based on QCR's Nov. 5, 2021 share price; closing was expected in early-mid 2022 subject to regulatory and shareholder approvals.