Poplar Bluff, MO, Jan. 2, 2015 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. ("Company") (NASDAQ: SMBC), the
parent corporation of Southern Bank ("Bank"), announced that today
the Company's Board of Directors declared a 2-for-1 split in the
form of a 100% stock dividend, payable on or about January 30,
2015, to stockholders of record as of January 16, 2015. Under the
terms of this stock split in the form of a stock dividend, Southern
Missouri Bancorp's stockholders will receive a dividend of one
share for every share held on the record date. The dividend will be
paid in authorized but unissued shares of common stock of the
Company.
The par value of the Company's stock will not be affected by the
split and will remain at $.01 per share. The Company anticipates
that the outstanding shares of stock after the split will be
increased from approximately 3.7 million to 7.4 million.
Mr. Steffens noted, "The Board of Directors has determined that
this stock split in the form of a stock dividend is in the best
interest of our stockholders, as the reduced price per share of
stock may lead to increased market liquidity, enhancing the stock's
appeal to both private and institutional stockholders."
Southern Missouri Bancorp, through its banking subsidiary,
provides financial services to communities in southern Missouri and
northern Arkansas. At September 30, 2014, the Company held assets
totaling $1.3 billion, with loans, net, of $1.0 billion, deposits
of $1.0 billion, and stockholders' equity of $126.2 million.
Forward-Looking Information:
Except for the historical information contained herein, the
matters discussed in this press release may be deemed to be
forward-looking statements that are subject to known and unknown
risks, uncertainties and other factors that could cause actual
results to differ materially from those anticipated in such
forward-looking statements, as discussed in Southern Missouri
Bancorp's filings with the Securities and Exchange Commission.