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BIC PICTURE: "This is a strategic deal," says Joseph Turner, Great Southern's president and CEO. "This acquisition isn't as financially attractive as the earlier deals from a one-time gain perspective, but we think it is still awfully good when you consider the future financial impact."

Failed Banks Keep Allure Despite Smaller Upfront Reward

Great Southern in Missouri completed its fifth failed-bank deal on Friday. The company stated that the deal's strategic benefits outweigh the fact that it received a smaller upfront gain from its latest purchase.

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