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BRIEF-Great Southern Bancorp announces early termination of FDIC loss sharing agreements
June 9, 2017 / 7:28 PM / in 2 months

BRIEF-Great Southern Bancorp announces early termination of FDIC loss sharing agreements

1 Min Read

June 9 (Reuters) - Great Southern Bancorp Inc:

* Great Southern Bancorp Inc announces early termination of FDIC loss sharing agreements

* Agreement requires FDIC to pay $15.0 million to bank to settle all outstanding items related to terminated loss sharing agreements​

* In Q2 of 2017, company expects to realize a one-time after-tax gain of approximately $0.35 per diluted common share

* Agreement terminates last outstanding loss sharing agreements related to bank's 4 FDIC-assisted acquisitions from 2009 - 2012​

* Termination of loss sharing agreements for inter savings bank deal will have no impact on yields for loans previously covered under deal Source text for Eikon: Further company coverage:

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