SOUTHERN MISSOURI BANCORP ANNOUNCES UPDATE TO ITS EXECUTIVE LEADERSHIP TEAM
Southern Missouri Bancorp (NASDAQ: SMBC) has announced a significant leadership update, appointing Justin G. Cox to the newly-created position of Chief Banking Officer, effective May 1, 2025. Cox, currently serving as the west region's Regional President, will maintain his Executive Vice President role at both the Company and Southern Bank.
This strategic appointment follows recommendations from a recent process improvement project aimed at enhancing customer engagement, team member satisfaction, and organizational profitability. Cox brings 22 years of banking industry experience, including 15 years with Southern Bank, where he progressed from lending officer to leadership roles.
Southern Bank operates 67 locations across Missouri, Arkansas, Illinois, and Kansas, with total assets of approximately $4.9 billion, including $4.0 billion in net loans and $4.2 billion in deposits.
Southern Missouri Bancorp (NASDAQ: SMBC) ha annunciato un importante aggiornamento dirigenziale, nominando Justin G. Cox al nuovo ruolo di Chief Banking Officer, con effetto dal 1 maggio 2025. Cox, attualmente Presidente Regionale della regione ovest, manterrà anche il suo ruolo di Vice Presidente Esecutivo sia presso la Società che presso Southern Bank.
Questa nomina strategica segue le raccomandazioni di un recente progetto di miglioramento dei processi volto a migliorare il coinvolgimento dei clienti, la soddisfazione dei membri del team e la redditività organizzativa. Cox porta con sé 22 anni di esperienza nel settore bancario, di cui 15 anni trascorsi presso Southern Bank, dove è passato da ufficiale prestiti a ruoli di leadership.
Southern Bank opera in 67 sedi in Missouri, Arkansas, Illinois e Kansas, con un totale di attivi di circa 4,9 miliardi di dollari, inclusi 4,0 miliardi di dollari in prestiti netti e 4,2 miliardi di dollari in depositi.
Southern Missouri Bancorp (NASDAQ: SMBC) ha anunciado una actualización significativa en su liderazgo, nombrando a Justin G. Cox para el nuevo puesto de Chief Banking Officer, efectivo a partir del 1 de mayo de 2025. Cox, que actualmente se desempeña como Presidente Regional de la región oeste, mantendrá su papel de Vicepresidente Ejecutivo tanto en la Compañía como en Southern Bank.
Este nombramiento estratégico sigue las recomendaciones de un reciente proyecto de mejora de procesos destinado a mejorar el compromiso del cliente, la satisfacción de los miembros del equipo y la rentabilidad organizacional. Cox aporta 22 años de experiencia en la industria bancaria, incluidos 15 años en Southern Bank, donde pasó de oficial de préstamos a roles de liderazgo.
Southern Bank opera 67 ubicaciones en Missouri, Arkansas, Illinois y Kansas, con activos totales de aproximadamente 4.9 mil millones de dólares, incluidos 4.0 mil millones de dólares en préstamos netos y 4.2 mil millones de dólares en depósitos.
Southern Missouri Bancorp (NASDAQ: SMBC)는 리더십 업데이트를 발표하며 Justin G. Cox를 최고 은행 책임자라는 새로 생성된 직위에 임명한다고 밝혔습니다. 이는 2025년 5월 1일부터 효력이 발생합니다. Cox는 현재 서부 지역의 지역 회장으로 재직 중이며, Southern Bank와 회사에서 부사장직을 유지할 것입니다.
이 전략적 임명은 고객 참여, 팀원 만족도 및 조직 수익성을 향상시키기 위한 최근 프로세스 개선 프로젝트의 권고에 따른 것입니다. Cox는 22년의 은행 산업 경험을 보유하고 있으며, 그 중 15년은 Southern Bank에서 근무했으며, 대출 담당자에서 리더십 역할로 발전했습니다.
Southern Bank는 미주리, 아칸소, 일리노이, 캔자스에 67개 지점을 운영하고 있으며, 총 자산은 약 49억 달러이며, 이 중 40억 달러는 순대출, 42억 달러는 예금입니다.
Southern Missouri Bancorp (NASDAQ: SMBC) a annoncé une mise à jour importante de son leadership, nommant Justin G. Cox au nouveau poste de Chief Banking Officer, à compter du 1er mai 2025. Cox, qui occupe actuellement le poste de Président Régional de la région ouest, conservera également son rôle de Vice-Président Exécutif tant au sein de la Société qu'à Southern Bank.
Cette nomination stratégique fait suite aux recommandations d'un récent projet d'amélioration des processus visant à améliorer l'engagement des clients, la satisfaction des membres de l'équipe et la rentabilité de l'organisation. Cox apporte avec lui 22 ans d'expérience dans le secteur bancaire, dont 15 ans chez Southern Bank, où il est passé d'agent de prêt à des rôles de leadership.
Southern Bank exploite 67 emplacements dans le Missouri, l'Arkansas, l'Illinois et le Kansas, avec un total d'actifs d'environ 4,9 milliards de dollars, dont 4,0 milliards de dollars en prêts nets et 4,2 milliards de dollars en dépôts.
Southern Missouri Bancorp (NASDAQ: SMBC) hat ein bedeutendes Führungsupdate angekündigt und Justin G. Cox in die neu geschaffene Position des Chief Banking Officer berufen, die am 1. Mai 2025 in Kraft tritt. Cox, der derzeit als Regionalpräsident der Westregion tätig ist, wird auch seine Rolle als Executive Vice President sowohl im Unternehmen als auch bei Southern Bank beibehalten.
Diese strategische Ernennung folgt den Empfehlungen eines kürzlich durchgeführten Prozessverbesserungsprojekts, das darauf abzielt, das Kundenengagement, die Zufriedenheit der Teammitglieder und die Rentabilität der Organisation zu verbessern. Cox bringt 22 Jahre Erfahrung in der Bankenbranche mit, darunter 15 Jahre bei Southern Bank, wo er vom Kreditbeauftragten zu Führungspositionen aufstieg.
Southern Bank betreibt 67 Standorte in Missouri, Arkansas, Illinois und Kansas, mit einem Gesamtvermögen von etwa 4,9 Milliarden Dollar, darunter 4,0 Milliarden Dollar an Nettokrediten und 4,2 Milliarden Dollar an Einlagen.
- Creation of new Chief Banking Officer position to improve customer engagement and organizational efficiency
- Appointment of experienced internal candidate with 22 years of banking industry expertise
- Strong financial position with $4.9B in assets and $4.2B in deposits
- Extensive regional presence with 67 locations across four states
- None.
Poplar Bluff, Missouri, March 31, 2025 (GLOBE NEWSWIRE) --
Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank, today announced an update to its executive leadership team. On March 27, 2025, the Boards of Directors of Southern Missouri Bancorp, Inc. (the “Company”) and its wholly-owned bank subsidiary, Southern Bank (the “Bank”) appointed Justin G. Cox to the newly-created position of Chief Banking Officer, to be effective as of May 1, 2025. Mr. Cox currently serves as the west region’s Regional President for the Company and the Bank, and he will remain an Executive Vice President of the Company and the Bank.
The Board of Directors is implementing this change after assessing recommendations included in a recent process improvement project conducted for Southern Bank by a community banking consulting firm for the purposes of improving customer engagement, team member satisfaction, and organizational profitability. “We believe this structure will improve our organization, as we align our customer engagement leadership under a single executive who will devote his full attention to ensuring that business development and customer experience efforts are consistently performed well across our organization,” noted Chairman Greg A. Steffens.
“Justin has been successful over many years with Southern Bank, leading our west region team as it has grown our loan and deposit business there. That background provides an excellent basis for him to take on this new role. Our team and our customers can look forward to a better-unified customer engagement process with his new role,” added President and Chief Administrative Officer Matthew T. Funke.
Mr. Cox has 22 years of experience in the banking industry, including 15 years with the Company. After joining Southern Bank as a lending officer in 2010, he advanced quickly to leadership roles of Community Bank President and later, Regional President. Mr. Cox holds a Bachelor of Science degree in Business Administration-Marketing & Management from Southwest Baptist University, Bolivar, Missouri.
Southern Missouri Bancorp, Inc., is a Missouri corporation organized in 1994 to become the parent company of Southern Bank. Southern Bank was originally chartered in 1887 as a mutually-owned Missouri savings and loan association. In 2004, the Bank converted from a Missouri-chartered stock savings bank to become a Missouri-chartered trust company with banking powers. Southern Bank operates 67 locations in Missouri, Arkansas, Illinois, and Kansas. The Company holds total assets of approximately
Forward-Looking Information:
Except for the historical information contained herein, the matters discussed in this press release may be deemed to be forward-looking statements that are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from the forward-looking statements, including: potential adverse impacts to the economic conditions in the Company’s local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, expected cost savings, synergies and other benefits from our merger and acquisition activities might not be realized to the extent expected, within the anticipated time frames, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention and labor shortages, might be greater than expected and goodwill impairment charges might be incurred; the strength of the United States economy in general and the strength of local economies in which we conduct operations; fluctuations in interest rates and the possibility of a recession; monetary and fiscal policies of the FRB and the U.S. Government and other governmental initiatives affecting the financial services industry; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; our ability to access cost-effective funding; the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; fluctuations in real estate values in both residential and commercial real estate markets, as well as agricultural business conditions; demand for loans and deposits; legislative or regulatory changes that adversely affect our business; changes in accounting principles, policies, or guidelines; results of regulatory examinations, including the possibility that a regulator may, among other things, require an increase in our reserve for credit losses or write-down of assets; the impact of technological changes; and our success at managing the risks involved in the foregoing. Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made. We undertake no obligation to publicly update or revise any forward-looking statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed might not occur, and you should not put undue reliance on any forward-looking statements.
Matt Funke, President 573-778-1800
FAQ
When will Justin Cox assume the Chief Banking Officer role at Southern Missouri Bancorp (SMBC)?
What are Southern Missouri Bancorp's (SMBC) current total assets and deposits?
How many locations does Southern Missouri Bancorp (SMBC) currently operate?
What is Justin Cox's experience before becoming SMBC's Chief Banking Officer?
