The Board of Directors of Guaranty Federal Bancshares Inc. announced the election of James R. Batten to the position of Chairman of the Board and John F. Griesemer to the position of Vice-Chairman of the Board of the company and Guaranty Bank effective at the end of the Annual Meeting of Stockholders on May 25, 2016. Batten has served as a Director of the company since May 2006 and Griesemer has served as a Director of the company since June 2008. Griesemer is Executive Vice President, Chief Operations Officer and a member of the Board of Directors of Springfield Underground Inc. Don M. Gibson, the current Chairman, will be retiring May 25, 2016 after reaching the company’s mandatory retirement age of 72 years. Gibson has served as a Director for the company since February 2002 and has held the position of Chairman since March 2005.