On February 25, 2022, effective upon completion of the merger of Fortune Financial Corporation (Fortune) with and into Southern Missouri Acquisition V Corp. (Merger Sub), a wholly owned subsidiary of Southern Missouri Bancorp, Inc. (Southern Missouri), and the merger of FortuneBank, a subsidiary of Fortune, with and into Southern Bank, a wholly owned subsidiary of Southern Missouri, (collectively, the “Merger”), Daniel L.Jones, Chairman and Chief Executive Officer of Fortune and FortuneBank, became a director of Southern Missouri. Mr. Jones's term as a director of Southern Missouri will expire at the 2022 annual meeting of Southern Missouri shareholders.

The Board committees to which Mr. Jones will be appointed have not yet been determined. The appointment of Mr. Jones as a director of Southern Missouri was contemplated by and made in accordance with the Agreement and Plan of Merger, dated as of September 28, 2021, by and among Southern Missouri, Merger Sub and Fortune.