Mr McFatridge will be responsible for the strategic oversight, development, and direction of the administrative functions of Guaranty Federal Bancshares. Carter Peters, executive vice president, who has filled dual roles at Guaranty Bank as both chief financial officer and chief operating officer, will remain chief financial officer of the company.

Mr McFatridge has over 16 years of banking experience and was most recently president and chief operating officer at OakStar Bank. Prior to that, he was with Regions Financial serving in the positions of market president for the community banks of Missouri and Western Kentucky and chief administrative officer and chief financial officer for Midwest banking region.

Shaun Burke, president and CEO of Guaranty Federal Bancshares, said: “Mark has an impressive financial services background and he will be a great addition to our leadership team. He will immediately begin working on enhancing revenue sources, developing new business development strategies, and insuring that we continue to deliver exemplary service and competitive products to maximize opportunities in the marketplace.”