Southern Bancorp
Founded in Arkadelphia, Arkansas, with an initial investment of approximately $10M and a mission to create economic opportunity, Southern Bancorp, Inc. has grown into one of the largest community development organizations in the United States. Today, it’s a $2.6B asset organization with over 65,000 customers and 56 branches located primarily in mid-South markets where traditional brick-and-mortar financial access has dwindled or disappeared. Using a strategic framework based on homeownership, entrepreneurship, and savings, Southern Bancorp focuses on driving economic opportunity for people and communities.
Southern Bancorp puts an emphasis on community and recently hosted a cookout for customers.
Southern Bancorp
Founded in Arkadelphia, Arkansas, with an initial investment of approximately $10M and a mission to create economic opportunity, Southern Bancorp, Inc. has grown into one of the largest community development organizations in the United States. Today, it’s a $2.6B asset organization with over 65,000 customers and 56 branches located primarily in mid-South markets where traditional brick-and-mortar financial access has dwindled or disappeared. Using a strategic framework based on homeownership, entrepreneurship, and savings, Southern Bancorp focuses on driving economic opportunity for people and communities.
Southern Bancorp puts an emphasis on community and recently hosted a cookout for customers.
By the numbers
96%
of loans by number are in CDFI tracts
88%
of loans by dollar amount are in CDFI tracts
7,882
loans originated totalling $577M
62%
of loans under $10K
2,786
loans under $1K
9,222
jobs created or retained
By the numbers
96%
of loans by number are in CDFI tracts
88%
of loans by dollar amount are in CDFI tracts
7,882
loans originated totalling $577M
62%
of loans under $10K
2,786
loans under $1K
9,222
jobs created or retained