Southern Bancorp

Southern Bancorp operates as a hybrid — a regulated bank holding company that also functions as a Community Development Financial Institution (CDFI). It includes a for-profit bank, a nonprofit community partners arm, and an affiliated bank, Legacy Bank & Trust.

The institution deploys capital through traditional banking and lending services, alongside financial development tools such as credit counseling and public policy advocacy. Its strategic focus is on homeownership, entrepreneurship, and savings in underserved Mid-South markets.

Southern Bancorp primarily targets underserved rural and urban communities in the Mid-South, where traditional brick-and-mortar financial access has diminished. Its 66 branches are located in these markets, and its policy activities extend nationally.

Southern Bancorp partners with the CDFI Fund and the Global Alliance for Banking on Values (GABV), among other strategic organizations, to broaden its impact beyond its physical branch network.

Yes, Southern Bancorp Community Partners is a nonprofit affiliate that provides financial development tools and public policy advocacy, separate from the for-profit banking operations.

Southern Bancorp operates under the R.A.I.S.E. core values, which stand for Responsibility, Accountability, Integrity, Service, and Excellence, and these are integrated into employee incentives and governance.