Item 8.01Other Events

On January 17, 2020, Southern Missouri Bancorp, Inc. ("Southern Missouri"), the parent corporation of Southern Bank, issued a press release announcing the entry into an Agreement and Plan of Merger (the "Merger Agreement") with Central Federal Bancshares, Inc. ("Central"), the parent corporation of Central Federal Savings & Loan Association of Rolla, Rolla, Missouri ("Central Federal"). The Merger Agreement provides that Southern Missouri will acquire Central in an all-cash transaction. As part of the transaction, Central Federal will be merged with and into Southern Bank. A copy of the press release is attached to this Current Report on Form 8-K and incorporated by reference herein.

Under the terms of the Merger Agreement, unanimously approved by the boards of directors of Central and Southern Missouri, Central shareholders will receive $15.90 in cash for each share of Central common stock, subject to adjustment for Central's capital at closing. The deal is valued at approximately $24.0 million, inclusive of the retirement of debt outstanding under Central's Employee Stock Ownership Plan.

Southern Missouri and Central anticipate completion of the transaction late in the second calendar quarter of 2020, subject to satisfaction of customary closing conditions, including regulatory and shareholder approvals.

Item 9.01Financial Statements and Exhibits





(d)Exhibits




    99.1   Joint Press Release dated January 17, 2020

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