Southern Bancorp

Southern Bancorp (SBB, SBCP, SBI)
Private
Industry Banking, Financial services, Philanthropy
Founded 1986
Headquarters Arkadelphia, Arkansas, United States
Area served
 Arkansas, Mississippi
Total assets 1.2B (2014)
Website https://banksouthern.com/

Southern Bancorp (Southern Development Bancorporation, often referred to simply as "Southern") is a Community Development Financial Institution headquartered in Arkadelphia, Arkansas. Founded in 1986.[1]

With 43 locations, the organization focuses most of their work in the Arkansas Delta and Mississippi Delta.[2] Southern's community-development work in these areas has directly improved various aspects of resident's lives through different projects such as the Delta Bridge Project,[3] The Arkadelphia Promise,[4] and numerous other sponsorships and projects.

Origin

In 1986, then Arkansas Governor Bill Clinton partnered with the Winthrop Rockefeller Foundation to help combat different issues plaguing the state.[5] From this initiative, various nonprofit development agencies came together to form Southern Bancorp.

The image used for SBB, SBCP, SBI.

Structure

Within Southern Bancorp, there are three entitites which include Southern Bancorp Bank (SBB), Southern Bancorp Community Partners (SBCP), and Southern Bancorp Incorporated (SBI).

Notes

  1. ↑ Kelley, Brian (1993). "Rebuilding rural America: the Southern Development Bancorporation". The Annals of the American Academy of Political and Social Science 529: 113–127. doi:10.1177/0002716293529001011.
  2. ↑
  3. ↑ Delta Bridge Project
  4. ↑ Arkadelphia Promise
  5. ↑

References

Further reading