Southern Bank

About bank

Southern Bank is a regional bank headquartered in Poplar Bluff, Missouri, with over 50 locations across Missouri, Arkansas, and Illinois. Since 1887, it has been dedicated to building a robust legacy for both our customers and communities. With over a century of experience in the banking industry, the bank became a publicly traded company in 1994 and saw exponential growth starting in 2009. Currently, with $2.4 billion in assets, it proudly serves over 40 communities in Missouri, Arkansas, and Illinois. The bank provides a range of financial services, including personal and business banking, wealth management, insurance, and mortgage lending.

Southern Bank is committed to providing exceptional customer service to its customers. The bank has a reputation for being responsive and attentive to its customers' needs. They offer online banking, mobile banking, and a variety of digital tools to help their customers manage their finances.

Overall, Southern Bank is a trusted and reliable financial institution that is committed to serving its customers and the communities in which it operates.

Key Features

Here are some key features of Southern Bank:

1. Business and personal banking. Southern Bank offers a range of banking services for both personal and business customers, including checking and savings accounts, credit cards, loans, and lines of credit.
2. Community banking. At Southern Bank, community banking is at the heart of their business. They believe that building strong relationships with their customers and communities is essential to their success. Southern Bank strives to provide personalized service to its customers, offering a range of financial services to meet their needs. They understand that each community has unique needs, and they are committed to supporting the local economy and community development through various initiatives.
3. Wealth management. Southern Bank has a team of experts who provide wealth management services, including financial planning, investment advice, and retirement planning.
4. Insurance. Southern Bank provides a range of insurance products, including life, health, and property insurance.
5. Mortgage lending. Southern Bank offers mortgage lending services to help customers finance their home purchases or refinance their existing mortgages.
6. Online and mobile banking. Southern Bank provides online and mobile banking services, allowing customers to manage their accounts, pay bills, transfer funds, and more from their smartphones or computers.
7. Community involvement. Southern Bank is committed to giving back to the communities it serves through partnerships with local organizations and charities. The bank also supports local businesses and schools through various initiatives.
8. Exceptional customer service. Southern Bank prides itself on providing exceptional customer service to its customers. The bank has a reputation for being responsive and attentive to its customers' needs, and it offers various resources to help customers manage their finances effectively.
9. Member FDIC and equal housing lender.

Requirements

As a financial institution, Southern Bank has various requirements for its customers, depending on the services they use. Here are some general requirements to keep in mind:

1. Identification. To open an account with Southern Bank, customers must provide government-issued identification, such as a driver's license or passport.
2. Minimum deposit. Some accounts may have a minimum deposit requirement, such as a minimum opening deposit for a checking or savings account.
3. Age requirement. Customers must be at least 18 years old to open an account with Southern Bank. However, there may be options available for minors with parental or guardian consent.
4. Credit check. Depending on the type of account or loan, Southern Bank may run a credit check on the customer.
5. Other documentation. Customers may need to provide additional documentation, such as proof of address or income, for some services or loan applications.
6. Online banking enrollment. For customers who want to use online or mobile banking services, they will need to enroll in those services and set up a username and password.
7. Following account terms and conditions. Customers are required to follow the terms and conditions of their account or loan agreements, which may include maintaining a minimum balance, paying fees or interest, and adhering to specific account usage guidelines.

It's important to review the specific requirements for each service and account type with Southern Bank, as they may vary depending on the product or service being offered.

Access on the Go

Southern Bank offers several options for customers to access its services on the go. Here are some ways customers can bank with Southern Bank from anywhere:

1. Online banking. Southern Bank's online banking platform allows customers to manage their accounts from their computer or mobile device. They can view account balances and transaction history, pay bills, transfer funds, deposit checks, and more.
2. Mobile banking. Southern Bank's mobile banking app is available for iOS and Android devices. The app provides many features like online banking, such as account balance and transaction history, mobile check deposit, and bill pay.
3. SouthernPay. SouthernPay is a person-to-person payment service that allows customers to send and receive money to and from anyone with an email or mobile phone number.
4. ATMs. Southern Bank has a network of ATMs that customers can use to withdraw cash, transfer funds, and check account balances.
5. Telephone banking. Customers can access their accounts by calling Southern Bank's telephone banking service. They can check account balances, transfer funds, and more using their touch-tone phone.
6. Branch visits. Customers can visit one of Southern Bank's branches to conduct transactions, meet with a banker, or get assistance with their accounts.

Overall, Southern Bank provides a variety of convenient options for customers to bank with them from anywhere. With online and mobile banking, SouthernPay, ATMs, telephone banking, and branch visits, customers can choose the best method.

Southern Bank products

Southern Bank offers a wide range of financial products to meet the needs of its customers. Here are some of the products they offer:

1. Checking accounts. Southern Bank has several checking account options, including free checking, student checking, and interest-bearing checking. Each account offers different features, such as free online and mobile banking, unlimited transactions, and ATM fee refunds.
2. Savings accounts. Southern Bank offers savings accounts with competitive interest rates and low minimum balances. Customers can choose from regular savings, money market, and health savings accounts.
3. Certificates of deposit (CDs). Southern Bank's CDs offer competitive interest rates and terms. They require a minimum deposit to open and offer fixed interest rates for the duration of the term.
4. Loans. Southern Bank offers a range of loan products, including personal loans, home equity loans, auto loans, and business loans. They offer competitive rates, flexible terms, and a simple application process.
5. Debit cards. Southern Bank's debit card solutions offer easy access to funds and are accepted worldwide. They offer various card designs and fraud protection, and other security features.
6. Credit cards. Southern Bank offers Visa credit cards with competitive rates, rewards programs, and fraud protection.
7. Wealth management. Southern Bank's wealth management services include financial planning, investment advice, and retirement planning. They have a team of experts who can help customers meet their financial goals.

Overall, Southern Bank offers a range of financial products to meet the needs of its customers, from checking and savings accounts to loans, credit cards, and wealth management services. Their products are designed to provide convenience, flexibility, and competitive rates.

Which associations does Southern Bank belong to?

Southern Bank is a member of several associations, including:

1. Federal Deposit Insurance Corporation (FDIC). Southern Bank is an FDIC-insured bank, which means that deposits held by the bank are insured up to the maximum amount allowed by law.
2. Federal Reserve System (FRS). Southern Bank is a member of the Federal Reserve System, which is the central banking system of the United States. The FRS regulates monetary policy and supervises banks and other financial institutions.
3. Independent Community Bankers of America (ICBA). Southern Bank may be a member of the ICBA, a trade association representing community banks across the United States. The ICBA provides advocacy, education, and networking opportunities to its members.
4. Missouri Bankers Association (MBA). Southern Bank is a member of the MBA, a trade association representing banks in Missouri. The MBA provides education, advocacy, and networking opportunities to its members.

Overall, Southern Bank's membership in these associations reflects its commitment to maintaining high standards of financial stability, customer protection, and community involvement. By being a member of the FDIC and FRS, Southern Bank is committed to upholding best practices in banking and providing a safe and secure place for its customers' deposits. By being a member of the ICBA and MBA, Southern Bank is committed to staying connected with other community banks and working towards developing and growing the banking industry.

Bank Reliability

Southern Bank has been providing banking services for over 130 years, and during that time, it has built a reputation for reliability and stability. Here are some of the factors that contribute to Southern Bank's reliability:

1. FDIC insurance. As an FDIC-insured bank, Southern Bank provides its customers with peace of mind knowing that their deposits are insured up to the maximum amount allowed by law. This means that if Southern Bank were to experience financial difficulty, customer deposits would be protected.
2. Strong financial position. Southern Bank has a strong financial position, with over $2.4 billion in assets and a consistently positive financial performance over the years. This indicates that the bank is well-managed and financially stable.
3. Customer service. Southern Bank strongly emphasizes providing personalized customer service to its clients. Their commitment to customer service is reflected in their high customer satisfaction ratings and positive reviews.
4. Community involvement. Southern Bank is actively involved in the communities it serves, and it supports various local initiatives, including economic development, education, and the arts. This demonstrates a commitment to building long-term relationships and being a reliable partner in the community.

Overall, Southern Bank's commitment to providing reliable and trustworthy banking services is reflected in its strong financial position, commitment to customer service, and involvement in the communities it serves. These factors help build customer trust and confidence and make Southern Bank a reliable choice for banking needs.