Great Southern Bank of Springfield, Mo., announced Friday that it would acquire three central Missouri branches from Peoples Bank of the Ozarks in Nixa, Mo., for an undisclosed price.
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The branches, with about $36 million of deposits, are close to those of Great Southern, which has $1.9 billion of assets.
James E. Huff, Peoples' president and chief executive officer, said the sale would help his $280 million-asset bank focus on growth in its main market, southwest Missouri, where it has nine branches.
The deal is expected to close in the third quarter.
