Southern Missouri Bancorp, Inc. Announces Completion Of Acquistion Of Ozarks Legacy Community Financial

Poplar Bluff, Oct. 4, 2013 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. ("Southern Missouri," NASDAQ:SMBC), of Poplar Bluff, Missouri, announced that its acquisition ofOzarks Legacy Community Financial ("Ozarks Legacy"), Thayer,Missouri, and its subsidiary, the Bank of Thayer, was completedtoday.

Southern Missouri is the holding company for Southern Bank,headquartered in Poplar Bluff, Missouri, operating 18 branchoffices in Missouri and Arkansas. Bank of Thayer is headquarteredin Thayer, Missouri, and operates four branch offices in Missouri.In West Plains, Missouri, Bank of Thayer conducts business asHowell County Bank. Greg Steffens, President and Chief ExecutiveOfficer of Southern Missouri, commented, "We warmly welcome Bank ofThayer and Howell County Bank customers to our company. We areexcited about the opportunity to offer our expanded array offinancial products and services to these markets." 

Adam Courter, President of Ozarks Legacy, added, "Southern Bankis a strong, community focused bank and we feel that the combinedcompany will be a great fit for our customers and the communitieswe have the pleasure of serving."

As of June 30, 2013, Bank of Thayer reported total assets of $82million, loans, net, of $38 million, and deposits of $70million.

Except for the historical information contained herein, thematters discussed in this press release may be deemed to beforward-looking statements that involve risks and uncertainties,including changes in economic conditions in the Company's marketarea, changes in policies by regulatory agencies, fluctuations ininterest rates, the risks of lending and investing activities,including changes in the level and direction of loan delinquenciesand charge-offs and changes in estimates of the adequacy of theallowance for loan losses, demand for loans and deposits in theCompany's market area, and competition. Actual strategies andresults in future periods may differ materially from thosecurrently expected. These forward-looking statements represent theCompany's judgment as of the date of this release. The Companydisclaims however, any intent or obligation to update theseforward-looking statements.

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