Southern Missouri Bancorp completes acquisition of Fortune Financial for ~$31.7M

SOUTHERN MISSOURI BANCORP, INC.

Fortune shareholders receive 0.3025 SMBC shares or $13.31 cash per share; total consideration ~$31.7M.
Combined pro forma assets ~$3.2B, loans $2.6B, deposits $2.8B; Fortune had $261.2M assets.
Daniel L. Jones, Fortune's Chairman/CEO, joins SMBC and Southern Bank boards.
SMBC now operates 52 banking facilities in MO, IL, AR.
Merger was contemplated by agreement dated Sept 28, 2021; closed Feb 25, 2022.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Daniel L. Jones

Director

SMBC · SOUTHERN MISSOURI BANCORP, INC.

Effective: 2022-02-25
Filed: March 1, 2022, 6:59 PM ET

Daniel L.Jones, Chairman and Chief Executive Officer of Fortune and FortuneBank, became a director of Southern Missouri and Southern Bank.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Daniel L. Jones was appointed as Director at SOUTHERN MISSOURI BANCORP, INC..

Action: became
Role: Director

Exact text from the filing

Daniel L.Jones, Chairman and Chief Executive Officer of Fortune and FortuneBank, became a director of Southern Missouri and Southern Bank.

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SOUTHERN MISSOURI BANCORP, INC. filing history →

Source: SEC EDGAR

accession 0001558370-22-002595

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