Southern Bancorp, Inc. Acquires Ozarks Heritage Financial Group and Legacy Bank & Trust

Southern Missouri Bancorp Acquires Citizens Bancshares for $140M

September 20, 2022

Financial Services

Southern Missouri Bancorp Inc., the parent of Southern Bank, agreed to acquire Kansas City–based Citizens Bancshares Co. in a stock-and-cash transaction valued at approximately $140 million. The deal, unanimously approved by both boards, gives Citizens shareholders a choice of shares or $53.50 cash per share, will add 14 branches in Missouri and is expected to be accretive to Southern Missouri Bancorp's EPS over the following fiscal years, subject to customary approvals.

VyStar Credit Union Acquires Heritage Southeast Bank

March 31, 2021

Financial Services

VyStar Credit Union signed a Definitive Purchase and Assumption Agreement to acquire Heritage Southeast Bank (HSB), a state-chartered bank headquartered in Jonesboro, Georgia. The deal will expand VyStar's branch network and membership in Georgia and is subject to shareholder and regulatory approvals, bringing VyStar's assets to approximately $12.5 billion when finalized.

FB Financial Acquires Southern States Bancshares

June 30, 2025

Financial Services

FB Financial Corporation (parent of FirstBank) completed its merger with Southern States Bancshares, Inc., with Southern States shareholders receiving 0.800 shares of FB Financial common stock per share. The transaction implies an approximate equity value of $368.4 million and expands FB Financial's footprint into Alabama and Georgia; Southern States reported $2.9 billion in total assets as of March 31, 2025.

Heritage Financial Completes Acquisition of Olympic Bancorp (Kitsap Bank)

January 31, 2026

Financial Services

Heritage Financial Corporation completed its acquisition of Olympic Bancorp, Inc., effective January 31, 2026, merging Olympic into Heritage and Kitsap Bank into Heritage Bank. Under the merger, Heritage issued an aggregate 7,167,600 shares of common stock and Olympic shareholders will receive 45.0 shares of Heritage common stock per Olympic share (with cash for fractional shares); acquired Kitsap Bank branches will continue operating under the Kitsap Bank name.

First Bancorp Acquires GrandSouth Bancorporation

January 1, 2023

Financial Services

First Bancorp (parent of First Bank) completed its acquisition of GrandSouth Bancorporation (the parent of GrandSouth Bank) effective January 1, 2023 in an all-stock merger (0.91 shares of First Bancorp per GrandSouth share). The deal expands First Bank's presence in South Carolina by adding GrandSouth's eight branches and is expected to accelerate First Bancorp's South Carolina growth, creating a combined company with approximately $12 billion in assets and 118 branches.

Seacoast Banking Corporation of Florida Acquires Legacy Bank of Florida

March 23, 2021

Financial Services

Seacoast Banking Corporation of Florida (Seacoast) signed a definitive agreement to acquire Legacy Bank of Florida, merging Legacy into Seacoast Bank to expand Seacoast’s presence in Broward and Palm Beach counties. Legacy Bank operates five branches with approximately $432 million in deposits and $482 million in loans as of December 31, 2020; Legacy shareholders will receive Seacoast stock in the transaction.