Southern Missouri Bancorp Announces Completion of "at the Market" Offering of Shares of Common Stock
June 20 2017 - 5:45PM
Southern Missouri Bancorp, Inc. (the "Company") (NASDAQ: SMBC),
the parent corporation of Southern Bank (the "Bank"), today
announced that it successfully completed an at-the-market common
stock issuance. A total of 794,762 shares of the
Company's common stock were sold at a weighted average price of
approximately $31.46 per share, representing gross proceeds to the
Company of approximately $25.0 million. Net proceeds from the
transaction, after the sales commission and other expenses, are
expected to be approximately $24.1 million, which will be used for
general corporate purposes, including loan growth, additional
liquidity, and working capital. As previously announced, the
Company entered into an At Market Issuance Sales Agreement with
Keefe, Bruyette & Woods, a Stifel Company, who acted as the
distribution agent in connection with the offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction. You may obtain copies of the
prospectus supplement and accompanying prospectus related to the
offering without charge by visiting the SEC's website at
www.sec.gov, or from Keefe, Bruyette & Woods, 787 Seventh
Avenue, 4th Floor, New York, NY 10019 (telephone 800.966.1559).
About Southern Missouri Bancorp and Southern
Bank
Southern Missouri Bancorp is a bank holding company with
consolidated assets of approximately $1.7 billion that conducts
business primarily through Southern Bank, its wholly owned banking
subsidiary. Southern Bank provides its customers with a full
array of community banking services. Southern Bank focuses on
relationship banking through its headquarters in Poplar Bluff and
38 additional full service offices and three limited service
offices in Missouri, Arkansas and Illinois. More information
about the Company and Southern Bank may be found on the Company's
website at www.bankwithsouthern.com.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are intended to be
covered by the safe harbor for "forward-looking statements"
provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements are those that are not
historical facts. Forward-looking statements include
statements with respect to beliefs, plans, objectives, goals,
expectations, anticipations, estimates and intentions that are
subject to significant risks and uncertainties and are subject to
change based on various factors (some of which are beyond the
Company's control). Forward-looking statements often include
the words "believes," "expects," "anticipates," "estimates,"
"forecasts," "intends," "plans," "targets," "potentially,"
"probably," "projects," "outlook" or similar expressions or future
conditional verbs such as "may," "will," "should," "would" and
"could." The Company's actual results may differ materially
from those contemplated by the forward-looking statements, which
are neither statements of historical fact nor guarantees or
assurances of future performance. For more information about
factors that could cause actual results to differ from those
discussed in the forward-looking statements, please refer to the
Company's prospectus and prospectus supplement and the documents
incorporated by reference therein.
The forward-looking statements are based upon management's
beliefs and assumptions and are made as of the date of this press
release. The Company undertakes no obligation to publicly
update or revise any forward-looking statements included in this
press release or to update the reasons why actual results could
differ from those contained in such statements, whether as a result
of new information, future events or otherwise, except to the
extent required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release might not occur and you should not put undue
reliance on any forward-looking statements.
Matt Funke
573-778-1809
Southern Missouri Bancorp (NASDAQ:SMBC)
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