Guaranty Federal Bancshares, Inc’s Acquisition of Hometown Bancshares, Inc.


Legal representation in the transaction included Barack Ferrazzano Kirschbaum & Nagelberg LLP for the Company and Stinson Leonard Street LLP for Hometown.

Guaranty Federal Bancshares, Inc. (NASDAQ:GFED), the holding company for Guaranty Bank, completed the acquisition of Carthage, Missouri-based Hometown Bancshares, Inc., the parent of Hometown Bank, National Association. As a result of the transaction, Hometown Bank, National Association is now a wholly owned subsidiary of the Company. The transaction increases the Company’s total assets to approximately $980 million, based on information as of December 31, 2017. The transaction was first announced on December 1, 2017.

As a result of the merger, each share of Hometown common stock issued and outstanding was converted into the right to receive $20.00 in cash. The aggregate transaction value was approximately $4.6 million.

Financial advisors involved in the transaction were Raymond James & Associates, Inc., representing the Company, and The Capital Corporation, representing Hometown.

Guaranty Federal Bancshares, Inc. is a holding company for Guaranty Bank. The Bank is a community- and customer-oriented bank which provides financial services to individuals, families, and small businesses.The company, led by Shaun A Burke, Carter M Peters and Robin E Robeson, in 2017 recorded $35 Million Revenues.

Barack Ferrazzano’s team was led by Robert M. Fleetwood (Picture), along with Katherine Fritzi Getz. Executive compensation and benefits were handled by Donald L. Norman and K.C. Klagos.

Involved fees earner: Robert Fleetwood – Barack Ferrazzano; Katherine Fritzi Getz – Barack Ferrazzano; K.C. Klagos – Barack Ferrazzano; Donald Norman Jr. – Barack Ferrazzano;

Law Firms: Barack Ferrazzano;

Clients: Guaranty Federal Bancshares, Inc. ;

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Author: Ambrogio Visconti