Southern Bancorp

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.[1]

Southern Bancorp
TypePublic
IndustryFinancial services, Philanthropy
Founded1986 (1986)
Headquarters
Arkadelphia, Arkansas
,
United States
Area served
Arkansas, Mississippi
Total assets$1,200,000,000 (2014)
Websitebanksouthern.com

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.

Structure

There are three entities that make up Southern Bancorp:

  • Southern Bancorp Bank (SBB)
  • Southern Bancorp Community Partners (SBCP)
  • Southern Bancorp Incorporated (SBI)

References
  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.
  3. Delta Bridge Project
  4. Arkadelphia Promise
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