On January 20, 2023, effective upon completion of the merger of Citizens with and into Merger Sub, William Young, the president of Citizens Bank & Trust Company became a director of Southern Missouri and Southern Bank.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 1.0
William Young was appointed as director at SOUTHERN MISSOURI BANCORP, INC..
Action
appointed
Role
director
Exact text from the filing
On January 20, 2023, effective upon completion of the merger of Citizens with and into Merger Sub, William Young, the president of Citizens Bank & Trust Company became a director of Southern Missouri and Southern Bank.
SOUTHERN MISSOURI BANCORP, INC. completed an acquisition involving Citizens Bancshares Co. for $131.4 million (closed 2023-01-20).
Action
acquisition
Counterparty
Citizens Bancshares Co.
Consideration
$131.4 million
Closing
2023-01-20
Exact text from the filing
prior to closing) at the election of the shareholders, subject to the proration and allocation procedures set forth in the Merger Agreement. Southern Missouri paid approximately $131.4 million in Merger consideration, inclusive of cash settlement of Citizens stock options, comprised of stock and cash at a 74:26 ratio. The foregoing description of the Merger and the
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