We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Southern Missouri Bancorp, Inc. (“Southern Missouri” or the “Company”) (NASDAQ: SMBC), in connection with the proposed merger of the Company with Citizens Bancshares Co. (“Citizens”).  Under the terms of the merger agreement, Citizens’ shareholders will have the right to elect either a fixed exchange ratio of 1.1448 shares of Southern Missouri common stock, or a cash payment of $53.50 for each Citizens’ share owned.

Weiss Law is investigating whether (i) Southern Missouri’ s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Southern Missouri’ s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.