Turning Tax Time into Savings Time

When it comes to tax time, it’s probably safe to assume that most folks aren’t thinking about savings. But that’s exactly what we at Southern Bancorp had on our mind in 2016 when we unveiled the Split, Save and Win sweepstakes aimed at encouraging people to save a...
Rural Economic Mobility and Wealth Building

Rural Economic Mobility and Wealth Building

Despite the general economic recovery in the United States, income inequality and wealth inequality are expanding.  Perhaps more critically, it is becoming more and more difficult for families with lower wealth or income to achieve upward economic mobility.  These two...
Banking in Rural America: Insight from a CDFI

Banking in Rural America: Insight from a CDFI

As a rural community bank and U.S. Treasury certified Community Development Financial Institution (CDFI),   Southern is fully aware of the importance of CDFIs in rural markets throughout the country. In our recent paper, Banking in Rural America: Insight from a CDFI,...

Bringing CSAs to the Legislative Forefront in Arkansas

Promoting savings as a way of building assets has long been a focus of Southern Bancorp’s work, which is why we were so excited to read CFED President Andrea Levere’s  op-ed in last month’s New York Times that highlighted the effectiveness of Children’s Savings...