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Southern Bancorp’s mission is to create economic opportunity in underserved communities by providing responsible, responsive, and innovative financial products and services that balance profits with purpose.
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Number of Individuals to Save Through Products, Financial Development Services, Programs, and Advocacy Efforts
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Number of People Supported in Attaining Affordable Housing
About Southern Bancorp Bank
Founded in 1986 by prominent political, business, and philanthropic leaders with an initial investment of $10 million, Southern Bancorp, Inc. has grown into a $2.6 billion asset organization. Alongside its development partners, Southern Bancorp Bank and Southern Bancorp Community Partners serves over 65,000 customers across 56 locations in the Mid-South. Southern Bancorp offers a unique array of financial products and services designed to support individuals at every stage of their financial journey, from teaching kids to save, to helping entrepreneurs and families achieve the American Dream. Southern Bancorp is a certified Community Development Financial Institution, a certified B-Corp, and a proud member of the Global Alliance for Banking on Values.
Southern Bancorp Bank Impact Stories
Merkia Gaston's First Home
Olive Branch, MS
Merkia Gaston, a 50-year-old single mom of three, spent her entire adult life renting and felt that homeownership was out of reach. After discouraging experiences with other banks, she connected with Southern Bancorp’s mortgage division and found the partner she needed. Despite having some savings, Merkia lacked enough for a downpayment and closing costs. Southern Bancorp’s mission-focused approach helped her qualify for a down payment assistance program and a flexible first-time mortgage.
Now, for the first time in her life, Merkia is a proud homeowner. Inspired by their mother’s achievement, her children now believe they can achieve their dreams too. By developing strategic partnerships with organizations like the CDFI Fund, Global Alliance for Banking on Values (GABV), and Community Development Bankers Association (CDBA), Southern Bancorp extends its influence far beyond its physical market borders.
Noe's Lawn Care & Dumpster Rental
Arkadelphia, AR
Noe Moreno, originally from Guerrero, Mexico, has lived in Arkadelphia, AR, for 25 years. In 2017, with just a few dollars and a $10 push mower from a yard sale, he started his own landscaping business. Initially, he kept his day job while running the business on the side, dreaming of making it his full-time occupation. With the help of Southern Bancorp’s commercial lending team, Noe transformed his dream into reality. Accessible, flexible capital and a supportive bank enabled him to expand his business significantly. Today, his landscaping and dumpster rental service not only supports him fulltime but also provides multiple jobs for his local community.
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Clinton Global Initiative Partnership with Southern Bancorp and AEH
Free Tax Prep Impact
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Refunds Our Clients Received
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of Those Refunds, Earned Income Tax Credits
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Volunteers Prepared Tax Returns for Free