About Southern Bank

Southern Bank has served the financial needs of America's Heartland for more than 125 years, making us one of the oldest financial institutions headquartered in the region. We were originally chartered in 1887 as a mutual institution that was owned by its depositors, through the hard work and efforts of local businessmen. Our original founders deposited $100,000 in the Poplar Bluff Loan and Building in order to provide financing to help people buy homes. The name was chosen to symbolize our original purpose - providing loans so people could have the funding to build their home.

Our Company's assets grew slowly from $100,000 at it's founding to $950,000 on December 3, 1951, when Federal Savings and Loan Insurance Corporation insured our deposits. Afterward, we started an impressive period of growth in which assets would increase to $23 million at December 31, 1969. The next phase of our growth was partially due to expansion into neighboring communities. On April 11, 1969, we opened our first branch in Dexter, Missouri, followed soon by other branches. At the end of 1979, our assets had grown to $107 million. In 1982, we acquired an office in Van Buren, Missouri. During this period, the institution changed its name to Southern Missouri Savings and Loan.

On April 13, 1994, we completed a conversion from mutual ownership to a publicly traded stock company. Our stock trades on the NASDAQ Global Market under the symbol "SMBC". At January 1, 2000, the Bank's assets were $221 million. As we grew, we continued to be a provider of home financing, but also focused on small business lending, commercial deposit products, consumer lending and popular checking accounts. Reflecting this business model, we became Southern Missouri Bank. During 2000, we added two branches in Qulin and Kennett, Missouri. In 2001, we opened a third location in Poplar Bluff, and a new location in Doniphan, Missouri. In 2006, we added an office in Sikeston, Missouri, and added another in Matthews, Missouri in 2008.

In 2009, the Bank added four branches in and around two great Arkansas communities: Jonesboro and Paragould. These branches marked a significant increase in the Bank's market area, and we changed our name to reflect that, becoming Southern Bank. Following the acquisition, the Bank's assets totaled $511 million. A second acquisition in Arkansas followed in 2010, as the Bank assumed branches in Batesville and Searcy. Also in 2010, the Bank opened a loan production office in Springfield, Missouri. In 2011, we received approval to convert the Springfield office to a full-service branch. In January of 2012, Southern Bank added a branch on the campus of Three Rivers College in Poplar Bluff. The Bank completed construction of a new building for the Batesville branch during 2012. At December 31, 2012, the Bank's Assets totaled $764 million.

Along with asset size and profitability, the Company's staffing has also grown over the years. In 1925, we doubled our staff to two employees and added our third in 1955. We now have 185 full and part-time employees.