.
MergerLinks Header Logo

New Deal


Announced

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

Financials

Edit Data
Transaction Value£122m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

commercial banks

Acquisition

Majority

Private

United States

Friendly

Domestic

Single Bidder

Banks

Pending

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US