GS Financial, the parent of Guaranty Savings Bank, has announced that Andrew Bower, senior vice president and CFO of both the entities, has resigned from his positions at the company and the bank, effective September 4, 2008.

GS Financial (the company) has commenced a search for a qualified replacement for the position.

In the interim, Stephen Theriot, vice president and COO of the bank (Guaranty Savings Bank), will assume the position of principal financial officer for the bank and the company.

Prior to joining the bank in February 2007, Mr Theriot was employed by Mutual Savings and Loan Association, in Metairie, Louisiana for eight years as controller.