Great Southern Bank Opens New Commercial Loan Production Office in Phoenix, Arizona

Rhea-AI Summary

Great Southern Bank has announced the opening of a new loan production office (LPO) in Phoenix, Arizona, marking its seventh LPO. Banking veteran Justin Lutz has been hired as market manager to enhance commercial lending in the area. With over 16 years of lending experience, Lutz previously served as a senior commercial lender at Bankers Trust Company. The new LPO will offer a range of commercial lending services, including real estate loans and competitive construction financing. Great Southern Bank, headquartered in Springfield, Mo., has total assets of $5.4 billion and operates multiple banking centers across several states.

Positive

• Opening of a new loan production office in Phoenix enhances market presence.
• Hiring experienced market manager Justin Lutz adds valuable local expertise.
• Expansion of commercial lending services including competitive rates for real estate loans.

Negative

• None.

Phoenix Banking Veteran Justin Lutz Hired as Market Manager

SPRINGFIELD, Mo., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Great Southern Bank announced today that it has opened a new loan production office (LPO) in Phoenix, Arizona, which represents the seventh LPO in the Company’s franchise. Justin Lutz, a Phoenix banking veteran, has been hired as market manager and is responsible for developing commercial lending relationships in the market area.

“Great Southern is pleased to open an LPO in Phoenix and to serve commercial lending needs in the area,” said Great Southern Bank President and CEO Joseph W. Turner. “We are excited Justin has joined our team. His familiarity with the market and his lending experience will be a tremendous asset as we build relationships with area clients.”

Lutz has more than 16 years of lending experience in Phoenix. Before joining Great Southern, he was employed for the last 10 years with Bankers Trust Company, most recently serving as a senior commercial lender. Lutz is a cum laude graduate of the W.P. Carey School of Business at Arizona State University.

The new LPO will provide a wide variety of the Bank’s commercial lending services including fixed and variable-rate commercial real estate loans for new and existing properties. Competitive commercial construction and portfolio financing will also be available.

With total assets of $5.4 billion, Great Southern offers a broad range of banking services to commercial and consumer customers. The Company is headquartered in Springfield, Mo., and operates 93 retail banking centers in Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska, and commercial loan production offices in Atlanta, Chicago, Dallas, Denver, Omaha, Nebraska, Phoenix, and Tulsa, Oklahoma. Great Southern Bancorp, Inc. is a public company and its common stock (ticker: GSBC) is listed on the NASDAQ Global Select Market.

www.GreatSouthernBank.com

FAQ

What is the significance of Great Southern Bank opening an LPO in Phoenix?

The new loan production office enhances Great Southern Bank's market presence and commercial lending capabilities in Phoenix.

Who is Justin Lutz and what is his role at Great Southern Bank?

Justin Lutz is the newly appointed market manager responsible for developing commercial lending relationships in Phoenix.

What services will be offered at the new Phoenix LPO?

The Phoenix LPO will provide various commercial lending services, including fixed and variable-rate commercial real estate loans.

What are Great Southern Bank's total assets?

Great Southern Bank has total assets of $5.4 billion.

What is the stock ticker for Great Southern Bancorp?

Great Southern Bancorp's stock is listed under the ticker symbol GSBC.