Southern Bancorp Completes Acquisition of Legacy Bank & Trust

Published on January 26, 2026

Southern Bancorp, Inc. has completed its acquisition of Ozarks Heritage Financial Group, Inc. and its subsidiary, Legacy Bank & Trust, creating a combined Community Development Financial Institution (CDFI) with nearly USD 5 billion in assets.

The transaction brings together two mission-driven banks and expands Southern Bancorp’s footprint across Arkansas, Missouri, Mississippi, Oklahoma, and Texas. Legacy Bank & Trust will continue operating under its current name and systems until a planned conversion in late 2026, with no immediate changes for customers. The acquisition strengthens Southern Bancorp’s capacity to deliver inclusive financial services and support economic opportunity across the region.

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