Southern Bancorp, Inc. Acquires Ozarks Heritage Financial Group and Legacy Bank & Trust
January 5, 2026
Southern Bancorp, Inc. has closed its acquisition of Ozarks Heritage Financial Group, Inc. and its wholly owned subsidiary Legacy Bank & Trust, a $1.9 billion asset CDFI headquartered in Springfield, Missouri. The deal creates a nearly $5 billion asset community development financial institution and expands Southern Bancorp’s branch footprint across Arkansas, Missouri, Mississippi, Oklahoma, and Texas.
- Buyers
- Southern Bancorp, Inc.
- Targets
- Ozarks Heritage Financial Group, Inc., Legacy Bank & Trust
- Sellers
- Ozarks Heritage Financial Group, Inc.
- Industry
- Financial Services
- Location
- Missouri, United States
- Transaction Type
- Buyout
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