First Amendment to Purchase and Limited Assumption Agreement of Branch between Hawthorn Bank and Branson Bank

Exhibit 10.3.1

FIRST AMENDMENT TO

PURCHASE AND LIMITED ASSUMPTION AGREEMENT OF BRANCH

THIS   FIRST   AMENDMENT  TO  PURCHASEAND  LIMITEDASSUMPTION

AGREEMENT OF BRANCH (this "First Amendment") made and entered into as of this 15th day of January, 2019 by and between Hawthorn Bank, a Missouri state-chartered bank with its main office located in Jefferson City, Missouri ("Seller"), and Branson Bank, a Missouri state­ chartered bank with its main office located in Branson, Missouri ("Buyer").

RECITALS:

WHEREAS, Buyer and Seller entered into a Purchase and Limited Assumption Agreement of Branch on the 17th day of October, 2018 (hereinafter referred to as the "Agreement"), and

WHEREAS, Buyer and Seller desires to amend one part of said Agreement, while the balance of the Agreement remains in full force and effect as previously executed.

AGREEMENT:

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, each intending to be legally bound, do hereby agree as follows:

[signatures on following page]

IN WITNESS WHEREOF, the parties hereto have duly executed this First Amendment as of the day and year first above written.

HAWTHORN BANK

BRANSON BANK