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Guaranty Federal to redeem all series A preferreds in second quarter
By Jennifer Chiou
New York, April 4 - Guaranty Federal Bancshares Inc. obtained approval from the board of governors of the Federal Reserve System to redeem its 9% series A preferred stock, according to an 8-K filing with the Securities and Exchange Commission.
The company said it plans to redeem its remaining $12 million of preferreds during the second quarter.
The series A stock was originally issued to the U.S. Department of the Treasury in January 2009 as part of their TARP program.
The bank holding company for Guaranty Federal Savings Bank is based in Springfield, Mo.
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