SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Guaranty Federal Bancshares, Inc. (Nasdaq – GFED)

BALA CYNWYD – November 9, 2021 /Access Wire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Guaranty Federal Bancshares, Inc. (“Guaranty Federal” or the “Company”) (Nasdaq – GFED) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by QCR Holdings, Inc. (“QCR Holdings”) (Nasdaq – QCRH). Under the terms of the merger agreement, stockholders of Guaranty Federal will have the right to receive for each share of Guaranty Federal common stock owned, and subject to proration, (i) $30.50 in cash, (ii) 0.58775 shares of QCR Holdings common stock, or (iii) mixed consideration of $6.10 in cash and 0.4702 shares of QCR Holdings common stock, with total consideration to consist of approximately 80% stock and 20% cash. Based upon the $59.99 closing price of QCR Holdings common stock as of November 5, 2021, the transaction is valued at approximately $152 million.

The investigation concerns whether the Guaranty Federal Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether QCR Holdings is paying too little for the Company.

If you own shares of Guaranty Federal stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.