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Bank of Missouri completes buy of Security Bank and Trust

Dec 03, 2012 -- 10:57am

 

Southeast Missourian

The parent company of The Bank of Missouri, Reliable Community Bancshares Inc., has completed its acquisition of The First Southeast Missouri Bancorporation Inc., the holding company for Security Bank and Trust Company.

Security Bank and Trust, headquartered in Scott City, had $80 million in assets. Under the terms of the agreement, The Bank of Missouri purchased the assets and assumed the liabilities of the Scott City, Patton, Mo., Marble Hill, Mo., and Cape Girardeau locations.

With the completion of this transaction, The Bank of Missouri now operates 21 locations throughout the state.

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