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Four community banks announced Troubled Asset Relief Program redemptions Wednesday. Two were in Missouri and one each in South Carolina and Virginia.
May 16 -
The Treasury Department plans to auction its holdings in eight more banks as it continues to unwind Troubled Asset Relief Program holdings.
April 15
Guaranty Federal Bancshares (GFED) in Springfield, Mo., plans to raise roughly $15 million in an initial public offering.
The company has priced 1.3 million shares of common stock at $11.50 each, according to a Tuesday press release. Guaranty expects to complete the share sale on March 7.
The $619 million-asset Guaranty plans to use proceeds from the offering to redeem the remaining 12,000 shares of preferred stock outstanding that are
Raymond James & Associates is the underwriter and sole book running manager for the offering. The company will have a 30-day option to purchase up to an additional 195,652 shares to cover any over-allotments.