- Southern Missouri Bancorp (NASDAQ:SMBC) to acquire Gideon Bancshares in a stock and cash transaction for $22.7M.
- Under the terms of the merger agreement, unanimously approved by the boards of directors of Gideon and Southern Missouri, Each Gideon shareholders will receive 2.0486 shares of Southern Missouri common stock and $72.79 in cash, assuming all minority shareholders of First Commercial exchange their interest in First Commercial for Gideon stock prior to closing.
- On a pro forma basis, the combined company’s total assets will be approximately $2.1B, with total loans, net, of $1.7B, and total deposits of $1.8B.
- Press Release