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Great Southern Bank signs on as the field sponsor for a multipurpose sports and expo facility in Sioux City, Iowa.
Rendering courtesy Siouxland Expo Center
Great Southern Bank signs on as the field sponsor for a multipurpose sports and expo facility in Sioux City, Iowa.

Great Southern pledges $250K to Sioux City development

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Great Southern Bancorp Inc.’s (Nasdaq: GSBC) second-quarter earnings report was slightly affected by a $250,000 pledge to a new development in Sioux City, Iowa.

The company announced the donation in its earnings report released yesterday (see sidebar).

The earnings report cites a $250,000 atypical expense “for its pledge of contributions covering the next ten years” at the Siouxland Expo Center.

Officials involved with the 104,000-square-foot development broke ground last month, when they announced Great Southern signed on as the field sponsor. Recreational activities at the Siouxland Expo Center will take place at what’s being called the Great Southern Bank Field. The size of a regulation soccer field, it’s designed to be divided into 12 different sizes for multiple sports on artificial turf, according to a news release.

“The desire for a strong, thriving community is a common goal that Great Southern Bank shares with other members of our community. We appreciate the opportunity to invest in the Siouxland Expo Center,” Great Southern President and CEO Joe Turner said in the release. “I’m proud of our local senior management team who championed this dynamic project, emphasizing its long-term economic impact in transforming the Siouxland region.”

Other naming-level sponsors on board include the Missouri River Historic Development, which pledged $1 million for the atrium; MidAmerican Energy, which is contributing $500,000 to sponsor the expo hall; and the Hard Rock Hotel & Casino Sioux City, which is donating $400,000 for the video-board sponsor rights.

Sioux City Council, which is overseeing construction for the nonprofit Siouxland Expo Center Board, in May approved a $15 million construction contract with L & L Builders. Once completed in summer 2020, the center will be owned by the nonprofit and managed by the city’s Parks and Recreation Department, according to the release.

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