GS Financial Corp. Announces Resignation of Chief Financial Officer

  
    
  
  
    
      J. Andrew Bower, Senior Vice President and Chief Financial Officer of GS 
      Financial Corp. (the “Company”) 
      (Nasdaq: GSLA) and its subsidiary Guaranty Savings Bank (the “Bank”), 
      on August 22, 2008, resigned from his positions at the Company and the 
      Bank effective September 4, 2008.
    
    
      The Company has commenced a search for a qualified replacement for the 
      position. In the interim, Stephen F. Theriot, Vice President and Chief 
      Operations Officer of the Bank, will assume the position of principal 
      financial officer for the Bank and the Company. Mr. Theriot graduated 
      from Louisiana State University in 1996 with a bachelor of science 
      degree in accounting and subsequently received his license as a 
      certified public accountant from the State of Louisiana in October, 
      2002. Prior to joining the Bank in February, 2007, Mr. Theriot was 
      employed by Mutual Savings and Loan Association, in Metairie, LA, for 
      eight (8) years as Controller.
    
    
      GS Financial Corp. provides community banking services through its 
      wholly-owned subsidiary, Guaranty Savings Bank, a Louisiana chartered 
      savings association, in the metropolitan New Orleans area.
    
    
      This news release contains certain forward-looking statements. Forward-looking 
      statements can be identified by the fact that they do not relate 
      strictly to historical or current facts. They often include the 
      words “believe,” “expect,” 
      “anticipate,” “intend,” 
      “plan,” “estimate” 
      or words of similar meaning, or future or conditional verbs such as “will,” 
      “would,” “should,” 
      “could” or “may.”
    
    
      Forward-looking statements, by their nature, are subject to risks and 
      uncertainties. A number of factors – 
      many of which are beyond the Company’s 
      control – could cause actual conditions, 
      events or results to differ significantly from those described in the 
      forward-looking statements. The Company’s 
      reports filed from time-to-time with the Securities and Exchange 
      Commission, including the Company’s Form 10-K 
      for the year ended December 31, 2007, and its other periodic and current 
      reports filed thereafter describe some of these factors.
    
    
      Forward-looking statements speak only as of the date they are made. 
      The Company does not undertake to update forward-looking statements 
      to reflect circumstances or events that occur after the date the 
      forward-looking statements are made or to reflect the occurrence of 
      unanticipated events.