 | |
| Company type | Public |
|---|---|
| Industry | Financial services, Philanthropy |
| Founded | 1986 (1986) |
| Headquarters | Arkadelphia, Arkansas, United States |
| Area served | Arkansas, Mississippi |
| Total assets | $1,200,000,000 (2014) |
| Website | banksouthern |
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
With 43 locations, the organization focuses most of their work in the Arkansas Delta and Mississippi Delta. 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, The Arkadelphia Promise, 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. From this initiative, various nonprofit development agencies came together to form Southern Bancorp.
Structure
There are three entities that make up Southern Bancorp:
- Southern Bancorp Bank (SBB)
- Southern Bancorp Community Partners (SBCP)
- Southern Bancorp Incorporated (SBI)
References
- 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.
- "Branch Locations". Southern Bancorp. Retrieved 23 September 2021.
- Official website: Delta Bridge Project
- Official website: Arkadelphia Promise
- "About Southern". Southern Bancorp. Retrieved 23 September 2021.