Southern Missouri Bancorp, Inc. Announces Management Changes
October 30, 2014 at 11:46 pm IST
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On October 27, 2014, Samuel H. Smith announced his retirement from the board of directors of the company and its wholly owned subsidiary, Southern Bank, for personal reasons, effective immediately. Mr. Smith was currently serving as Chairman of the Board of the Registrant, and had been a director for 26 years. Douglas Bagby, who previously served as Vice-Chairman of the company will serve as Chairman.
Mr. Bagby has served as a director of the company since 1997. Sammy A. Schalk will serve as Vice-Chairman. Mr. Schalk has served as a director of the company since 2000.
Southern Missouri Bancorp, Inc. is a bank holding company and the parent company of Southern Bank (Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The principal business of the Bank consists of attracting retail deposits from the general public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines, (FHLB), and brokered deposits, to invest in one- to-four-family residential mortgage loans, mortgage loans secured by commercial real estate, commercial non-mortgage business loans, construction loans, and consumer loans. These funds are also used to purchase mortgage-backed and related securities (MBS), municipal bonds, and other permissible investments. The Bank conducts its business from its headquarters in Poplar Bluff, as well as about 62 full-service branch offices and three limited-service branch offices.
SOUTHERN MISSOURI BANCORP, INC. 
