Two former executives at Guaranty Federal Bancshares are behind an effort to create a new bank in Carthage, Mo.
Jeffrey Williams and Carter Peters were listed as founders of the proposed Four States Bank in a legal notice filed with the Joplin Globe. Their application with the Federal Deposit Insurance Corp. wasn’t immediately available.
Peters was chief financial officer at Guaranty Federal Bancshares from August 2005 to May 2022, according to his LinkedIn profile. Williams was Joplin region president at Guaranty Bank, according to his LinkedIn profile.
Guaranty Federal was sold to QCR Holdings in April 2022.
Carthage is located near Arkansas, Kansas and Oklahoma.