Southern Bancorp
Southern Bancorp, Inc. is a community development bank dedicated to providing banking and lending services to underserved communities in Arkansas and Mississippi. Founded in 1986 and formerly known as Southern Development Bancorporation, the company has originated over $2 billion in development loans, primarily targeting individuals and organizations in economically disadvantaged areas. As a certified community development financial institution, Southern Bancorp aims to enhance financial access and investment, fostering economic growth in rural regions. The organization focuses on comprehensive community engagement, recognizing that access to capital alone is insufficient for meaningful change. Its efforts extend beyond traditional banking to include credit counseling and public policy advocacy, all aimed at empowering families and communities to achieve financial stability and growth.
Premier Bank of Arkansas
Acquisition in 2022
Premier Bank of Arkansas is a financial institution that provides a comprehensive array of banking and financial services for both individuals and businesses. Its offerings include savings accounts, money market accounts, individual retirement accounts, and various loan products such as business loans, home mortgages, home equity loans, auto loans, and personal loans. Additionally, the bank facilitates online banking services, allowing customers to access their accounts, transfer funds, and pay bills conveniently through mobile devices.
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