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Southern Missouri Bancorp, Southern Missouri Bancshares Inc. acquisition.

Global Banking News-February 26, 2018--Southern Missouri Bancorp, Southern Missouri Bancshares Inc. acquisition

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Global Banking News - 26 February 2018

Southern Missouri Bancorp Inc. (NASDAQ: SMBC), based in Poplar Bluff, Missouri, the parent corporation of Southern Bank has said that it has completed its merger with Marshfield, Missouri-based Southern Missouri Bancshares and its subsidiary, Southern Missouri Bank of Marshfield.

As part of the transaction, each share of Southern Missouri Bancshares held immediately prior to closing was exchanged for USD98.05, in addition to 9.2498 shares of SMBC common stock.

Headquartered in Poplar Bluff, Missouri, SMBC is the holding company for Southern Bank that operates 40 facilities in southern Missouri, southern Illinois and northern Arkansas. Southern Missouri Bank of Marshfield operates its main office and a drive through location in Marshfield, Missouri

Southern Missouri Bancshares had reported total consolidated assets of USD86.7m, loans, net, of USD68.4m and deposits of USD70.1m, at December 31, 2017.

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Publication:Global Banking News (GBN)
Geographic Code:1U4MO
Date:Feb 26, 2018
Words:184
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