Guaranty Federal Bancshares acquires Hometown Bancshares
Springfield, Missouri-based Guaranty Federal Bancshares and Carthage, Missouri-based Hometown Bancshares ointly announced today that they have executed a definitive Agreement and Plan of Merger providing for the merger of Hometown with and into Guaranty. Under the terms of the definitive merger agreement, each share of Hometown common stock will receive $20.00 in cash. The transaction is valued at approximately $4.6M. Hometown is the holding company for Hometown Bank. Hometown Bank has assets of approximately $183M, loans of $150M and deposits of $159M as of September 30, 2017. Following consummation of the merger, Guaranty will have approximately $950M in assets with 18 branch banking offices located in Missouri.