Guaranty Federal redeems all $12 million series A fixed-rate preferreds

By Tali Rackner

Norfolk, Va., May 8 - Guaranty Federal Bancshares Inc. redeemed all 12,000 shares of its series A fixed-rate cumulative and perpetual preferred stock, according to a press release.

The shares were redeemed at the liquidation price of $1,000 per share for a total of $12 million, plus $234,000 of accrued dividends.

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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