Southern Bancorp
Southern Bancorp is a unique financial institution that was founded to help strengthen underserved communities through financial access and investment. By combining traditional banking and lending services with financial development tools ranging from credit counseling to public policy advocacy, Southern Bancorp helps underserved families and communities grow financially stronger – regardless of zip code. 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.
Details
- Online Services
- Mobile Services
- Mobile Check Deposit
- Account with No Monthly Fee
- No Minimum to Open Account
- Business Accounts
- Small Business Lending
Designations
-
Community
impact
analyzed
by
Mighty
Deposits
This institution reports data to the U.S. government about how it lends to small business, housing, and other community interests, and Mighty Deposits calculates what this means for you and your money. - Black-owned or led
-
Community
Development
Financial
Institution
(CDFI)
Community Development Financial Institutions include certified community development banks and credit unions. CDFIs provide financial services to those in historically underserved communities and to those who lack access to financing.
-
B-Corp
Certified B Corporations are businesses that meet verified standards of social and environmental performance. B Corps seek to redefine success in business by building a more inclusive and sustainable economy and, reducing inequality, and more.
-
Global
Alliance
for
Banking
on
Values
(GABV)
The Global Alliance for Banking on Values is an independent network of leaders from financial institutions. They work to change the system by making it transparent and supporting social, environmental, and economic sustainability.
Rates and fees are variable and often change. For the most up to date information, visit the institution’s website.
To see how this institution uses your money to lend in communities, visit their profile on Mighty Deposits.
