Southern Missouri Bancorp

We were originally chartered in 1887 as a mutual institution that was owned by its depositors. Our original founders deposited $100,000 in the Poplar Bluff Loan and Building in order to provide financing to help people buy homes. The name was chosen to symbolize our original purpose. Our Company's assets grew slowly from $100,000 at its founding to $950,000 on December 3, 1951, when the Federal Savings and Loan Insurance Corporation insured our deposits. Afterward, we started an impressive period of growth during which assets would increase to $23 million at December 31, 1969. The next phase of our growth was partially due to expansion into neighboring communities. On April 11, 1969, we opened our first branch facility in Dexter, Missouri, followed soon by facilities in other Southern Missouri communities. At the end of 1979, our assets had grown to $107 million. In 1982, we acquired an office in Van Buren, Missouri. During this period, the institution changed its name to Southern Missouri Savings and Loan. On April 13, 1994, we completed a conversion from mutual ownership to a publicly traded stock company. Southern Missouri Bancorp, Inc., our parent company, lists its stock on the NASDAQ Global Market under the symbol "SMBC". At January 1, 2000, the Bank's assets were $221 million. As we grew, we continued to be a provider of home financing, but also focused on small business lending, commercial deposit products, consumer lending, and popular checking accounts. Reflecting this business model, we became Southern Missouri Bank. During 2000, we added two facilities in Qulin and Kennett, Missouri. In 2001, we opened a third location in Poplar Bluff, and a new location in Doniphan, Missouri. In 2006, we added an office in Sikeston, Missouri, and added another in Matthews, Missouri in 2008. In 2009, the Bank added four facilities in and around two great Arkansas communities: Jonesboro and Paragould. These branches marked a significant increase in the Bank's market area. It was at that time that the decision was made to change our name to Southern Bank, to reflect the change in our regional presence. Following the acquisition of the four Arkansas locations, the Bank's assets totaled $511 million. In 2010, a second acquisition in Arkansas was completed, as well as the opening of a loan production office in Springfield Missouri. In 2011, we received approval to convert the Springfield office to a full-service facility. In 2012, Southern Bank added a facility on the campus of Three Rivers College in Poplar Bluff, and completed construction of a new location for the Batesville facility. We saw another year of growth in 2013. A second facility was completed in Jonesboro, Arkansas; a new building was finished for the Searcy, Arkansas, office; as well as the acquisition of four locations in Thayer, Alton and West Plains, Missouri. In late 2013, Southern Bank announced an agreement to merge with Citizens State Bank, Bald Knob, Arkansas. That transaction was completed in early 2014, adding facilities in Bald Knob and Bradford, Arkansas. Also in early 2014, Southern Missouri Bancorp announced an agreement to acquire Peoples Bank of the Ozarks, which operates ten locations in southwest Missouri. The transaction was completed in December of 2014. Southern Bank is now a $1 billion financial institution, with 35 locations in Missouri and Arkansas.
Poplar Bluff, US
67 (est)

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Poplar Bluff, US

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Southern Missouri Bancorp Summary

Founding Date


Market capitalization

$181 M

Closing share price


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