Phil Baldwin, President & CEO of Southern Bancorp
Southern Expands Banking, Community Development into New Communities
Southern Bancorp became a $1 billion bank in 2009, allowing it to reach more than 200,000 individuals and families who live in distressed rural communities in Arkansas and Mississippi. Southern is expanding its banking and community development services into new communities, even as many other providers are forced to scale back their efforts due to the economy.
In 2010, Southern will introduce its community development services in Coahoma County, Mississippi, building on its existing local banking activity. Coahoma County will join Phillips and Clark counties in Arkansas and Sunflower County in Mississippi as key communities targeted for revitalization. As described below, Southern is also expanding its free tax preparation services in 2010, aiming to serve over 1,800 families.
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