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The bank for Great Southern Bancorp (GSBC) in Springfield, Mo., has agreed to sell its travel agency and insurance units so it can focus on its core business.
November 9 -
Great Southern Bancorp in Springfield, Mo., is bucking an industry trend toward fee-based lines of business in agreeing to sell its insurance and travel units.
November 13 -
Two failures late Friday - one in Minnesota and one in Missouri = cost the Deposit Insurance Fund nearly $190 million.
October 7
Great Southern Bancorp (GSBC) in Springfield, Mo., is closing 11 branches in a bid to cut costs.
The $4 billion-asset company will consolidate the branches into nearby locations, it disclosed Friday in a
After the closures, which are expected to take place by the end of the year, Great Southern will have 96 branches in six states, including 65 in Missouri. The company's network has grown rapidly in the past five years, from 39 branches in 2008 to the current 107, Great Southern Chief Executive Joe Turner
Great Southern expects the closures to reduce annual expenses by $1.2 million to $1.5 million. The company will incur a one-time expense of $300,000 to $500,000, it said in the filing. It plans to sell the properties, but maintain ATMs at each location.
Late last year, Great Southern announced
