ITEM 8.01 Other Events

On November 10, 2008, Southern Missouri Bancorp, Inc. ("Southern Missouri") (NASDAQ: SMBC), parent company of Southern Missouri Bank & Trust Co. ("the Bank"), today announced that the Southern Missouri Bancorp, Inc. Employee Stock Ownership Plan (the "ESOP") intends to purchase approximately $210,000 market value of Southern Missouri's common stock. This amount represents the Bank's budgeted ESOP allocation for fiscal year 2009, and is consistent with amounts purchased in previous fiscal years. Additionally, the ESOP's trustees approved the use of any existing cash in the plan (currently, approximately $80,000) accumulated through the payment of cash dividends on Southern Missouri's common stock for the purchase of additional stock.

ESOP trustees were given discretion to determine the number and pricing of the shares to be purchased, as well as the timing of any such purchase. The ESOP intends to purchase the shares at prevailing market prices in the open market or in privately negotiated transactions, subject to availability and general market conditions.