YOUR BUSINESS AUTHORITY
Springfield, MO
Great Southern Bancorp Inc. (Nasdaq: GSBC) today announced the opening of a loan production office in Phoenix, Arizona.
The office represents the farthest west location in Great Southern Bank's footprint, according to the company’s website.
"Great Southern is pleased to open an LPO in Phoenix and to serve commercial lending needs in the area," President and CEO Joe Turner said in a news release.
The company hired 16-year Phoenix market lending veteran Justin Lutz as market manager. Lutz, who most recently worked the past 10 years with Bankers Trust Co., is responsible for developing commercial lending relationships for Great Southern in the Phoenix area.
"His familiarity with the market and his lending experience will be a tremendous asset as we build relationships with area clients," Turner said in the release.
The loan production office is the seventh companywide for Great Southern. The bank also operates loan offices in Atlanta; Chicago; Dallas; Denver; Omaha, Nebraska; and Tulsa, Oklahoma, along with 93 branches in Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska.
Great Southern last month reported a 26% increase in 2021 net income to $74.6 million.
GSBC shares were trading at $61.16 as of 10:38 a.m., near a 52-week high of $62 per share set Feb. 16. The stock's 52-week low is $49.53.
Evergreen Hair House opened; the Ozark Chamber of Commerce moved to a new home; and Dirk’s Tavern LLC got its start on C-Street.
Missouri man sentenced for PPP fraud
Updated: First Watch business partner sues another for breach of fiduciary duty, fraud
Wendy’s franchisee ordered to pay $7M over harassment, PPP fraud accusations
Palm & Paddle Grille aims for mid-June launch
Home construction companies merge to launch new venture
Four businesspeople join United Way board
Physician sues CoxHealth, alleging business interference and defamation