Southern Missouri Bancorp, Inc. Appoints David Mcclain to Board
September 13, 2022 at 04:17 pm EDT
Share
On September 8, 2022, the board of directors of Southern Missouri Bancorp, Inc. voted to increase the size of the board from nine (9) members to ten (10) members to be effective as of the Company's regular board meeting to be held in October 2022 and appointed David McClain of Jonesboro, Arkansas, an owner of a State Farm Insurance Agency, to fill this new position. Mr. McClain will serve for a term to expire at the 2023 annual meeting of stockholders. The board committees to which Mr. McClain will be appointed have not yet been determined.
At the same time, Mr. McClain will also join the board of Southern Bank.
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. 
