FINANCIAL ADVISOR
Ozarks Heritage Financial Group, Inc.
M&A Advisory
Has Agreed To Be Acquired By
Transaction Details
- On June 2, 2025, Southern Bancorp, Inc., (“Southern” or “Company”) a Community Development Financial Institution (CDFI) and holding company for Southern Bancorp Bank, announced it has entered into an agreement to acquire Ozarks Heritage Financial Group, Inc., and its wholly owned subsidiary, Legacy Bank and Trust (“Legacy”), a $1.9 billion asset CDFI headquartered in Springfield, Missouri
- The acquisition will expand Southern’s asset size to nearly $5 billion and increase the number of Southern locations across Arkansas, Mississippi, Missouri, Oklahoma and Texas to 66
- The acquisition, which is subject to regulatory and shareholder approval, is expected to close in the fourth quarter of 2025
Sources: Company Press Release and S&P Capital IQ Pro.
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Note: Financial data represents bank-level call report data as of March 31, 2025.
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