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Southern Bank parent company to enter STL via acquisition

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Poplar Bluff-based Southern Missouri Bancorp Inc. is entering the St. Louis market through the acquisition of Arnold-based Fortune Financial Corp.

The transaction, which is valued at nearly $30 million, is slated to close in the first quarter of 2022.

Southern Missouri Bancorp is the parent company of Southern Bank, which has three branches in Springfield.

Read more from the St. Louis Business Journal.

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