Emily McCormick, vice president of research for Bank Director
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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Emily McCormick is the vice president of research for Bank Director, an information resource for directors and officers of financial companies.You can follow her on Twitter at twitter.com/ehmccormick or get connected on LinkedIn.