Great Southern Bank Extends Participation in FDIC Transaction Account Guarantee Program

SPRINGFIELD, Mo., Nov. 5 /PRNewswire/ -- Great Southern Bank, a subsidiary of Great Southern Bancorp, Inc. (Nasdaq: GSBC), today announced plans to extend its participation in the Federal Deposit Insurance Corporation's (FDIC) voluntary Transaction Account Guarantee Program (TAGP) portion of the Temporary Liquidity Guarantee Program through June 30, 2010.

By participating in this program, Great Southern is purchasing additional FDIC insurance coverage for its customers. Great Southern customers with non-interest bearing transaction accounts, qualified NOW checking accounts paying 0.50 percent interest or less, and Interest on Lawyers Trust Accounts (IOLTA) are fully guaranteed by the FDIC regardless of the account balance. The TAGP coverage is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules, which covers balances up to $250,000 per depositor through December 31, 2013.

Great Southern President and CEO Joseph W. Turner commented, "Great Southern has participated in the TAGP since its inception in late 2008. We are pleased to extend our participation in this program so that we can provide our customers the maximum amount of FDIC insurance coverage available."

With total assets of $3.7 billion, Great Southern offers banking, investment, insurance and travel services. Headquartered in Springfield, Mo., Great Southern operates 72 retail banking centers and more than 200 ATMs in Missouri, Iowa, Kansas and Nebraska. The company also serves lending needs through a loan production office in Rogers, Ark. Great Southern Bancorp, Inc. is a public company and its common stock (ticker: GSBC) is listed on the NASDAQ Global Select stock exchange.

www.greatsouthernbank.com

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