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Company type | Public |
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Industry | Financial services, Philanthropy |
Founded | 1986 |
Headquarters | , |
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". [1]
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.
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.
There are three entities that make up Southern Bancorp: