BANK OF THAYER PART OF PLANNED MERGER Southern Missouri Bancorp, Inc., the parent corporation of Southern Bank, and Ozarks Legacy Community Financial, Inc., the parent corporation of Bank of Thayer, have signed a definitive merger agreement whereby Southern Missouri will acquire Ozarks Legacy in an all-cash transaction. Southern Bank also has entered into a definitive merger agreement with the Bank of Thayer whereby Bank of Thayer will be merged into Southern Bank in an all-cash transaction. The Bank of Thayer operates four branches in Oregon and Howell Counties. In West Plains it conducts business under the name Howell County Bank. After the acquisition the combined company’s total assets will be approximate $877 million with total loans of $656 million and total deposits of $701 million, officials said. The combined company will operate 22 branches in southern Missouri and northeast and north central Arkansas. For more details, see The Quill.
Posted on: Wed, 26 Jun 2013 19:06:40 +0000
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