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Love in a Cold Climate
Over the past three years, Southern Missouri Bancorp closed three small acquisitions. But Greg Steffens, CEO of the $2.5 billion, Poplar Bluff, Missouri-based bank, believes deal activity – already in deep freeze as a result of the Covid-19 pandemic – will remain stalled for the next quarter or two. Evaluating a target’s credit quality promises to be challenging, given the high level of loan deferrals issued by the industry to provide a helping hand to customers. There’s also the still-looming coronavirus to contend with, which was still threatening the U.S. economy when we spoke in October 2020. Another vital consideration…
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