Southern Missouri Bancorp, Inc. and Southern Bank Appoints William Young to Board of Directors
January 23, 2023 at 04:38 pm IST
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Southern Missouri Bancorp, Inc. announced that 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. Mr. Young's term as a director of Southern Missouri will expire at the 2025 annual meeting of Southern Missouri shareholders. The Board committees to which Mr. Young will be appointed have not yet been determined.
The appointment of Mr. Young as a director of Southern Missouri was contemplated by and made in accordance with the Merger Agreement.
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. 
