---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000406"
form_type: "8-K"
ticker: "SMBC"
cik: "0000916907"
company_name: "SOUTHERN MISSOURI BANCORP, INC."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T12:11:20.563112+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Southern Missouri Bancorp completes $131.4M acquisition of Citizens Bancshares Co.

## Summary
- Consideration: $131.4M total (74% stock, 26% cash); each Citizens share exchanged for 1.1755 SMBC shares or $54.93 cash.
- Citizens reported Dec 31, 2022 assets of $973M, loans net $463M, deposits $838M.
- Pro forma combined entity has approx. $4.4B assets, $3.4B loans, $3.8B deposits.
- William Young (Citizens Bank president) appointed to SMBC and Southern Bank boards effective immediately.
- Combined company now operates 65 banking facilities across MO, KS, IL, AR.

## SEC filing metadata
- accession: 0001558370-23-000406
- form_type: 8-K
- ticker: SMBC
- cik: 0000916907
- company_name: SOUTHERN MISSOURI BANCORP, INC.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916907/000155837023000406/0001558370-23-000406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916907/000155837023000406/smbc-20230120x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000406
- JSON: https://secwatch.observer/filing/0001558370-23-000406.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000406.txt

## Key facts
- Executive change
  William Young was appointed as director at SOUTHERN MISSOURI BANCORP, INC..
  - Action: appointed
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/916907/000155837023000406/0001558370-23-000406-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/916907/000155837023000406/0001558370-23-000406-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.