Guaranty Savings Bank (the "Bank"), the wholly owned subsidiary of GS Financial Corp. (the "Company"), and Stephen E. Wessel, the President and Chief Executive Officer of the Company and the Bank, have, effective as of August 10, 2009, entered into a letter agreement which extends the term of the previous Change in Control Agreement between Mr. Wessel and the Bank for an additional year, through December 31, 2010. The terms of the August 10, 2009, letter agreement are incorporated herein by reference to Exhibit 10.1 hereto.

(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) The following exhibits are filed herewith.

     Exhibit No.      Description
     10.1             Letter Agreement, signature dated and accepted as of
                      August 10, 2009, by and between Guaranty Savings Bank
                      and Stephen E. Wessel