01/13/2021

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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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.

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