Old Missouri Bank completes purchase of Great Southern branch

Springfield-based Old Missouri Bank yesterday finalized the purchase of a Great Southern Bancorp Inc. (Nasdaq: GSBC) branch in Buffalo.

The companies agreed to the deal in November for undisclosed terms. In the acquisition, Old Missouri assumes roughly $8.5 million in deposits held at the branch.

The branch is slated to open March 21 as an Old Missouri location, according to a news release.

“The purchase of the Buffalo branch is part of our commitment to the ongoing successes of the families and businesses within the Buffalo community,” Old Missouri President and CEO Mark Harrington said in the release.

With the new location, Old Missouri now has five branches, including two in Springfield and one each in Ash Grove and Walnut Grove.

The Buffalo deal came about a month after Great Southern announced plans to consolidate 15 branches and sell another in Thayer to West Plains-based Community First Banking Co.

GSBC shares were trading at $38.70 as of 9:57 a.m., compared to a 52-week range of $35.90 to $52.94.