Press release
Southern Missouri Bancorp Announces Executive Leadership Transition Plan
Poplar Bluff, Missouri, March 11, 2022 (GLOBE NEWSWIRE) -- SOUTHERN MISSOURI BANCORP ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION PLAN Southern Missouri Bancorp,
About this update from Southern Missouri Bancorp, Inc.
[{"type":"text","content":"Poplar Bluff, Missouri, March 11, 2022 (GLOBE NEWSWIRE) -- SOUTHERN MISSOURI BANCORP ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION PLAN Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank, today announced an executive leadership transition plan. On March 10, 2022, the Board of Directors of Southern Missouri Bancorp, Inc. (the “Company”) unanimously appointed Greg A. Steffens as Chairman of the Board, to succeed L. Douglas Bagby, effective July 1, 2022. Mr. Steffens will continue to serve as Chief Executive Officer of the Company, a role he has held since 1999. Mr. Bagby will continue to serve as a director, and he will also serve as Vice-Chairman and lead outside director for the Company. Additionally, the Board of Directors of Southern Bank (the “Bank”) unanimously appointed Mr. Steffens as Chairman of the Board, to succeed Sammy A. Schalk, also effective July 1, 2022. Mr. Schalk will continue to serve as a director and will serve as Vice-Chairman of the Bank. The Board of Directors of the Company further unanimously appointed Matthew T. Funke as President and Chief Administrative Officer, and the Board of Directors of the Bank unanimously appointed Mr. Funke as President and Chief Executive Officer; both effective July 1, 2022. The Board of Directors of the Bank also intends to appoint him as a director on that date. Mr. Funke is currently an Executive Vice President and Chief Financial Officer of the Company and the Bank. He has served as Chief Financial Officer of the Bank since 2006 and was appointed as an executive officer of the Company in that role in 2010. He first joined the Bank in 2003 to establish an internal audit function and was also assigned other risk management responsibilities. The Board also unanimously appointed Lora L. Daves as Executive Vice President and Chief Financial Officer, effective July 1, 2022. Ms. Daves is currently an Executive Vice President and Chief Risk Officer of the Company and the Bank, having served in that role since 2017. Ms. Daves previously served as Chief Credit Officer of the Bank from 2006 to 2016, and was appointed as an executive officer of the Company in that role in 2010. The Board further unanimously appointed Lance K. Greunke as Executive Vice President effective March 10, 2022, and as Chief Risk Officer, effective July 1, 2022. Mr. Greunke p...