GS Financial Corp. Announces Name Change of Its Subsidiary

Stephen E. Wessel, President & CEO of GS Financial Corp.
(the "Company") (Nasdaq/NMS:GSLA) and its subsidiary, Guaranty Savings
and Homestead Association (the "Association"), announced that, after
69 years of operating under the name of Guaranty Savings and Homestead
Association, the name of its wholly owned subsidiary was officially
changed to Guaranty Savings Bank (the "Bank"), effective June 15,
2006.
   Mr. Wessel stated that, while the Bank will continue to operate as
a Louisiana chartered savings association, the name change was part of
a marketing strategy to promote the expansion of our product line and
services beyond that of the traditional savings and loan institution.
Guaranty Savings Bank remains committed to providing community banking
services in the metropolitan New Orleans area.