Southern Missouri Bancorp to acquire Citizens Bancshares for $140m.

Southern Missouri Bancorp, a provider of banking services, agreed to acquire Citizens Bancshares, an operator of a commercial bank, for $140m. “Southern Missouri Bancorp is very pleased to announce this partnership with Citizens. Citizens’ franchise covers excellent communities, including the Kansas City metropolitan area. They have developed a strong deposit base and have a long history of serving their customers, which will be a great addition to our continued growth. Additionally, a presence in Kansas City helps transform Southern Missouri into a more significant statewide player in Missouri as we continue to build long-term shareholder value," Greg Steffens, Southern Missouri Chairman and CEO.