Southern Bank Named Top Community Bank
Southern Bank announced today that it was included in SNL Financial’s listing of top 100 community banks for 2011. Among all publicly-traded community banks in the United States, Southern Bank’s 2011 performance was ranked ninth. Among all public and privately owned community banks in the listing, Southern Bank was ranked 25th. Southern Bank is a subsidiary of Southern Missouri Bancorp, Inc., which trades under the ticker “SMBC” on the NASDAQ Global Market.
March 22, 2012, marks Southern Bank’s 125th anniversary of its founding as a building and loan association. Today, Southern Bank has grown to a full-service commercial bank focused on pairing community bank service with the latest technology in delivering financial services to its valued customers. The bank operates 18 branches in Missouri and Arkansas. Southern Bank was selected by SNL Financial based on criteria including its profitability, asset quality, efficiency, and loan growth. This marks the second consecutive year that Southern Bank has been included near the top of SNL’s annual listing.
At December 31, 2011, Southern Bank reported assets of $773 million, an increase of 12% from a year ago. Southern Missouri Bancorp completed a secondary offering of its common stock in November of 2011, providing additional capital to support continued growth of the organization. “We’re always looking for effective ways to deploy shareholder capital, provide a good return on that investment, and continue to serve communities in Missouri and Arkansas,” said Greg Steffens, President and CEO.
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CONTACT: Matt Funke, CFO (573) 778-1809