secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN MISSOURI BANCORP, INC. (SMBC)
CIK:        0000916907
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001558370-23-000406
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916907/000155837023000406/0001558370-23-000406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916907/000155837023000406/smbc-20230120x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000406

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