GS Financial Corp. and Guaranty Savings Appoint J. Andrew Bower as Their New Chief Financial Officer

GS Financial Corp. (the "Company") (Nasdaq/NMS:GSLA) and
its subsidiary, Guaranty Savings and Homestead Association (the
"Association"), announced today that J. Andrew Bower has been named
Chief Financial Officer and Senior Vice President of the Company and
its wholly owned subsidiary, effective January 30, 2006.
   Mr. Bower is a Certified Public Accountant and a resident of the
metropolitan New Orleans area. Prior to his employment with the
Company, Mr. Bower was, since January 2002, a self-employed consultant
providing internal audit, accounting and loan review services
primarily to banks in the greater New Orleans area. Previously, Mr.
Bower was employed in the accounting department of Stewart
Enterprises, Inc., Metairie, Louisiana, from September 2000 to January
2002, and as an audit manager at Arthur Andersen LLP from December
1992 to September 2000.
   "Mr. Bower has been performing internal audit and loan review
services for our institution for the past two and one-half years. He
is very familiar with both our operations and our people," said
Stephen E. Wessel, President and Chief Executive Officer. "We are
enthusiastic about Mr. Bower joining our management team as his
practical knowledge and experience will enhance our Company's
strategic and financial planning processes."
   GS Financial Corp. provides community banking services through its
wholly-owned subsidiary, Guaranty Savings and Homestead Association, a
Louisiana chartered savings association, in the metropolitan New
Orleans area.