Company Information

Get to know Southern Bancorp

Founded in 1986, Southern Bancorp is one of America’s oldest and largest rural development banks. It operates as a unique, mission-driven financial institution that is both a certified B-Corp and a Community Development Financial Institution (CDFI). Its mission is to be "wealth builders for everyone," with a focus on creating economic opportunities in underserved and rural communities by providing access to capital, financial education, and responsible banking services, including personal and business loans, mortgages, and checking and savings accounts.

Industry

Financial BankingPRIMARY
Financial Other Service

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Southern Bancorp

United States

Founded in

1986 (40 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.