 Guaranty Federal Bancshares, Inc., GFED, the holding company the Company for Guaranty Bank, today announces that the Board of Directors has authorized a new share repurchase plan for up to 250,000 shares of the Companys outstanding common stock, which represents approximately 6 of the outstanding shares. Shares of common stock may be repurchased through open market transactions or privately negotiated transactions, pursuant to a trading plan in accordance with applicable securities laws. 