Type Public Website banksouthern.com Total assets 1.2 billion USD (2014) | Area served Arkansas, Mississippi Founded 1986 Areas served Arkansas, Mississippi | |
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Industry Financial services, Philanthropy Headquarters Arkadelphia, Arkansas, United States Subsidiaries Bolivar Bancshares, Inc., Opportunity Lands Corporation, Southern Bancorp Bank Profiles | ||
Southern Bancorp (founded as Southern Development Bancorporation, often referred to simply as "Southern") is a Community Development Financial Institution headquartered in Arkadelphia, Arkansas that was founded in 1986.
Contents
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: