ITEM 8.01 Other Events

On November 4, 2009, Southern Missouri Bancorp, Inc. ("Southern Missouri") (NASDAQ: SMBC), parent company of Southern Bank. ("the Bank"), announced that the Southern Missouri Bancorp, Inc. Employee Stock Ownership Plan ("the ESOP") intends to purchase approximately $240,000 market value of Southern Missouri's common stock. This amount represents the Company's budgeted ESOP allocation for fiscal year 2010, and compares to $210,000 budgeted and allocated for purchases of Southern Missouri common stock in fiscal 2009. Additionally, as in prior years, the Company expects the ESOP's trustees to approve the purchase of additional Southern Missouri common stock using cash balances in the plan (currently, approximately $140,000) accumulated through the payment of cash dividends on Southern Missouri's common 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.