Brief: Southern Missouri Bancorp, Citizens Bancshares Co Announce Agreement To Merge

Southern Missouri Bancorp

20/09/2022 22:58

Sept 20 (Reuters) - 
    * SOUTHERN MISSOURI BANCORP AND CITIZENS BANCSHARES CO.
ANNOUNCE
AGREEMENT TO MERGE
    * SOUTHERN MISSOURI BANCORP INC - SOUTHERN MISSOURI WILL
ACQUIRE
CITIZENS IN A STOCK AND CASH TRANSACTION
    * SOUTHERN MISSOURI BANCORP INC - TRANSACTION IS ANTICIPATED
TO BE
ACCRETIVE TO EARNINGS PER SHARE BY ABOUT 5% IN FISCAL YEAR ENDED
JUNE 30, 2023
    * SOUTHERN MISSOURI BANCORP INC - TRANSACTION IS ANTICIPATED
TO BE
ACCRETIVE TO EARNINGS PER SHARE BY 17% IN FISCAL YEAR ENDED JUNE
30, 2024
    * SOUTHERN MISSOURI BANCORP -  CITIZENS' SHAREHOLDERS TO
HAVE
RIGHT TO ELECT EITHER EXCHANGE RATIO OF 1.1448 SHARES OF CO OR
$53.50/CITIZENS' SHARE