Southern Bank

★★★★☆
  • 1292 Banning St.

    Marshfield, MO 65706

    Map & Directions
  • 417-859-1292

About Southern Bank

Categories
  • Banks
Hours
M-F 8am-5pm, Sa 8am-12pm, Su Closed
Year Established
  • 1887
Keywords
  • Bank

Finance

Finance
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3.6 5
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Management Response:\r
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This is David Lurvey, Southern Missouri Bank of Marshfield. This gentleman entered into a loan with us knowing that if his loan did or didn't go through he would be responsible for the cost of the appraisal. As

3
★★★★★

Management Response:\r
\r
This is David Lurvey, Southern Missouri Bank of Marshfield. This gentleman entered into a loan with us knowing that if his loan did or didn't go through he would be responsible for the cost of the appraisal. As

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I cannot say enough good things about SOMO bank and their mortgage consultant Kevin Hohl. My husband heard about him through two of his co-workers that had great refinancing experiences and recommended him. This was our first time refinancing and Im kind of a skeptical person by nature so I checked out a lot of places and talked to a lot of people but Kevin was the most honest and straightforward person of them all. He takes the time to explain things. His communications were punctual in letting us know what documents we needed at times the underwriter needed extra information. Kevin Hohl is an outstanding person, I highly recommend him and SOMO bank!!!

5
★★★★★

I cannot say enough good things about SOMO bank and their mortgage consultant Kevin Hohl. My husband heard about him through two of his co-workers that had great refinancing experiences and recommended him. This was our first time refinancing and Im kind of a skeptical person by nature so I checked out a lot of places and talked to a lot of people but Kevin was the most honest and straightforward person of them all. He takes the time to explain things. His communications were punctual in letting us know what documents we needed at times the underwriter needed extra information. Kevin Hohl is an outstanding person, I highly recommend him and SOMO bank!!!

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I need to refinance my house and began working with Southern Missouri Bank at the beginning of April. As a part of the process they had my house appraised. Over the next two weeks I sent them a ton of paperwork and acted in complete good faith, but nothing moved forward on my refi because of delays with one of their ""investors"".\n\nApril passed.\n\nMay passed.\n\nAt the very end of May the representative working with me said that it would take another three to four weeks to satisfy the ""investor"". The representative told me that if I needed to move faster I should consider going with another lender, and I agreed. A house refinance shouldn't take three months to process.\n\nAt the beginning of June I received a receipt for $375 from David Lurvey, a vice president at SoMoBank, charging my credit card for the appraisal from the beginning of April. I emailed the refi representative and David Lurvey asking about the charge and was told that since I ""chose"" not to refinance with them I had to pay for the appraisal.\n\nI wrote back and included Ben Morgan, the president of SoMoBank. I told them that the reason I didn't stay with them is because they were dragging their feet and not processing my refinance in a timely manner. Their problems with their ""investor"" were not my fault, and it was the representative herself who suggested that I try working with someone else. I got no response, to that or any other attempts I've made to contact the decision-makers at Southern Missouri Bank.\n\nThe purpose of this blog post is to name and shame David Lurvey and Ben Morgan of Southern Missouri Bank, the two men who screwed me out of $375. I worked with them in good faith, and they not only took my money but are also so arrogant that they won't even respond to my emails.\n\nDon't trust David Lurvey, Ben Morgan, or Southern Missouri Bank.

0
★☆☆☆☆

I need to refinance my house and began working with Southern Missouri Bank at the beginning of April. As a part of the process they had my house appraised. Over the next two weeks I sent them a ton of paperwork and acted in complete good faith, but nothing moved forward on my refi because of delays with one of their ""investors"".\n\nApril passed.\n\nMay passed.\n\nAt the very end of May the representative working with me said that it would take another three to four weeks to satisfy the ""investor"". The representative told me that if I needed to move faster I should consider going with another lender, and I agreed. A house refinance shouldn't take three months to process.\n\nAt the beginning of June I received a receipt for $375 from David Lurvey, a vice president at SoMoBank, charging my credit card for the appraisal from the beginning of April. I emailed the refi representative and David Lurvey asking about the charge and was told that since I ""chose"" not to refinance with them I had to pay for the appraisal.\n\nI wrote back and included Ben Morgan, the president of SoMoBank. I told them that the reason I didn't stay with them is because they were dragging their feet and not processing my refinance in a timely manner. Their problems with their ""investor"" were not my fault, and it was the representative herself who suggested that I try working with someone else. I got no response, to that or any other attempts I've made to contact the decision-makers at Southern Missouri Bank.\n\nThe purpose of this blog post is to name and shame David Lurvey and Ben Morgan of Southern Missouri Bank, the two men who screwed me out of $375. I worked with them in good faith, and they not only took my money but are also so arrogant that they won't even respond to my emails.\n\nDon't trust David Lurvey, Ben Morgan, or Southern Missouri Bank.

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http://www.mwilliams.info/archive/2011/06/how-southern-missouri-bank-david-lurvey-and-ben-morgan-screwed-me-out-of-375.php

I need to refinance my house and began working with Southern Missouri Bank at the beginning of April. As a part of the process they had my house appraised. Over the next two weeks I sent them a ton of paperwork and acted in complete good faith, but nothing moved forward on my refi because of delays with one of their "investors".

April passed.

May passed.

At the very end of May the representative working with me said that it would take another three to four weeks to satisfy the "investor". The representative told me that if I needed to move faster I should consider going with another lender, and I agreed. A house refinance shouldn't take three months to process.

At the beginning of June I received a receipt for $375 from David Lurvey, a vice president at SoMoBank, charging my credit card for the appraisal from the beginning of April. I emailed the refi representative and David Lurvey asking about the charge and was told that since I "chose" not to refinance with them I had to pay for the appraisal.

I wrote back and included Ben Morgan, the president of SoMoBank. I told them that the reason I didn't stay with them is because they were dragging their feet and not processing my refinance in a timely manner. Their problems with their "investor" were not my fault, and it was the representative herself who suggested that I try working with someone else. I got no response, to that or any other attempts I've made to contact the decision-makers at Southern Missouri Bank.

The purpose of this blog post is to name and shame David Lurvey and Ben Morgan of Southern Missouri Bank, the two men who screwed me out of $375. I worked with them in good faith, and they not only took my money but are also so arrogant that they won't even respond to my emails.

Don't trust David Lurvey, Ben Morgan, or Southern Missouri Bank.

1
★☆☆☆☆

http://www.mwilliams.info/archive/2011/06/how-southern-missouri-bank-david-lurvey-and-ben-morgan-screwed-me-out-of-375.php

I need to refinance my house and began working with Southern Missouri Bank at the beginning of April. As a part of the process they had my house appraised. Over the next two weeks I sent them a ton of paperwork and acted in complete good faith, but nothing moved forward on my refi because of delays with one of their "investors".

April passed.

May passed.

At the very end of May the representative working with me said that it would take another three to four weeks to satisfy the "investor". The representative told me that if I needed to move faster I should consider going with another lender, and I agreed. A house refinance shouldn't take three months to process.

At the beginning of June I received a receipt for $375 from David Lurvey, a vice president at SoMoBank, charging my credit card for the appraisal from the beginning of April. I emailed the refi representative and David Lurvey asking about the charge and was told that since I "chose" not to refinance with them I had to pay for the appraisal.

I wrote back and included Ben Morgan, the president of SoMoBank. I told them that the reason I didn't stay with them is because they were dragging their feet and not processing my refinance in a timely manner. Their problems with their "investor" were not my fault, and it was the representative herself who suggested that I try working with someone else. I got no response, to that or any other attempts I've made to contact the decision-makers at Southern Missouri Bank.

The purpose of this blog post is to name and shame David Lurvey and Ben Morgan of Southern Missouri Bank, the two men who screwed me out of $375. I worked with them in good faith, and they not only took my money but are also so arrogant that they won't even respond to my emails.

Don't trust David Lurvey, Ben Morgan, or Southern Missouri Bank.

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.

I started banking with Southern Missouri Bank when they opened in 1997. They have always been friendly and always answer any questions I might have patiently. I would highly recommend Southern Missouri Bank if you're looking for a small town bank.

5
★★★★★

I started banking with Southern Missouri Bank when they opened in 1997. They have always been friendly and always answer any questions I might have patiently. I would highly recommend Southern Missouri Bank if you're looking for a small town bank.

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0 out of 1 people found this review helpful.

Message from Southern Bank

Southern Bank has served the financial needs of America’s Heartland for over 130 years, making us one of

the oldest financial institutions headquartered in the region.



We were originally chartered in 1887 as a mutual institution that was owned by its depositors. Our original

founders deposited $100,000 in the Poplar Bluff Loan and Building in order to provide financing to help

people buy homes. The name was chosen to symbolize our original purpose.



Our Company’s assets grew slowly from $100,000 at its founding to $950,000 on December 3, 1951,

when Federal Savings and Loan Insurance Corporation insured our deposits. Afterward, we started an

impressive period of growth in which assets would increase to $23 million at December 31, 1969. The next

phase of our growth was partially due to expansion into neighboring communities. On April 11, 1969,

we opened our first branch in Dexter, Missouri, followed soon by other branches. In 1975, the institution

changed its name to Southern Missouri Savings and Loan. In 1982, we acquired an office in Van Buren,

Missouri.



On April 13, 1994, we completed a conversion from mutual ownership to a publicly traded stock company.

Our stock trades on the NASDAQ Global Market under the symbol “SMBC”. At January 1, 2000, the

Bank’s assets were $221 million. As we grew, we continued to be a provider of home financing, but also

focused on small business lending, commercial deposit products, consumer lending and consumer deposit

products. Reflecting this business model, we became Southern Missouri Bank. Between 2000 and 2008, we added an additional six branches in Southeast Missouri.



In 2009, the Bank added four branches in and around two great Arkansas communities: Jonesboro and

Paragould. It was at that time that the decision was made to change our name to Southern Bank, to reflect

the change in our regional presence. Following the acquisition of the four Arkansas locations, the Bank’s

assets totaled $511 million. In 2010, a second acquisition in Arkansas was completed, as well as the

opening of a loan production office in Springfield Missouri. In 2011, we received approval to convert the

Springfield office to a full-service branch.



The year 2013 brought another year of growth. A second branch was built in Jonesboro, Arkansas, a new

building was built for the Searcy, Arkansas branch, as well as the acquisition of 3 branches in Thayer, Alton

and West Plains, Missouri. In late 2013, Southern Bank announced the agreement to merge with Citizens

State Bank of Bald Knob, Arkansas. That transaction was complete in early 2014. Also in early 2014,

Southern Bank announced its intent to merge with Peoples Bank of the Ozarks. That transaction was

completed on December 8, 2014.



In June 2017, the latest acquisition was completed with Capaha Bank, which added an additional 6

branches in Southeast Missouri and Southern Illinois.



Upon the completion of the Southern Missouri Bank of Marshfeild conversion, Southern Bank’s total

assets comes to approximately $1.9 billion. The combined company will operate 41 total locations in

Missouri, Arkansas and Illinois.

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