Southern Bancorp, Inc. is a rural-focused Community Development Financial Institution (CDFI) and bank holding company that operates Southern Bancorp Bank. With a mission to serve distressed, rural communities, Southern Bancorp aims to create economic opportunities for those living in impoverished areas, such as the Mississippi Delta. Through its acquisition of Bank of Bolivar County, Southern Bancorp expands its reach to the communities of Shelby and Mound Bayou, offering financial products and development services that were previously limited due to the small size of the local bank.
Founded in 1986 by then Governor Bill Clinton, Wal-Mart Chair Rob Walton, the Winthrop Rockefeller Foundation, and others concerned about the economic decline of rural Arkansas, Southern Bancorp, Inc. is committed to investing in people and businesses in rural communities. As one of America's largest rural development banks, Southern Bancorp has $1.1 billion in assets and serves 80,000 customers across its 39 branches in Arkansas and Mississippi. Through its certified CDFIs, Southern Bancorp empowers individuals and helps transform communities by providing responsive and responsible financial capital to support economic development.
Generated from the website