News | Southern Bancorp
Building Communities. Changing Lives.
Southern Bancorp Community Partners COO, Karama Neal, (second from left) was a presenter at the St. Louis Fed’s recent panel, What It’s Worth: Building more financially prosperous Arkansans through savings and education. The event was sponsored by the St. Louis Federal Reserve and the Arkansas Asset Funders Network. Neal, who manages general operations at Southern […]
Southern Bancorp CEO, Darrin Williams, was recently presented the Supporting Organization of the Year award on behalf of Southern Bancorp for the community development bank's efforts to support minority business growth.
CDFI Fund Director Annie Donovan visits Clarksdale, Miss. to learn about Southern Bancorp’s customers, clients and impact on the community as a CDFI.
Southern Bancorp leaders welcomed Annie Donovan, Director of the U.S. Treasury’s CDFI Fund, to Southern Bancorp’s Clarksdale, Miss. market earlier in the week. Director Donovan toured many of the small businesses that Southern has financed over the years, and met with two of Southern Bancorp’s financial development clients to hear about their own experiences in […]
Southern Bancorp leaders speak about the future of Community Development Financial Institutions (CDFIs) at conference sponsored by Federal Reserve Bank of Atlanta
Southern Bancorp CEO, Darrin Williams, and Southern Bancorp Community Partners COO, Karama Neal, joined CDFI leaders from across the Southeast on Monday to discuss opportunities and strategies for financial institutions working to serve economically distressed and financially underserved communities. The event, CDFI Banks in the Southeast: Embracing Opportunities and Addressing Challenges, was hosted by the […]
View as PDF Presenting Southern Bancorp’s 2015 Annual Report. 2015 was a year of impact and innovation for Southern Bancorp, from developing new products and services for underserved and rural markets to growing the number of loans we made to help families buy homes and start businesses. 2015 was also a hallmark of things to […]
USA Today cited Southern Bancorp’s recent study of payday lending in Arkansas, Into the Light: A Survey of Arkansas Borrowers Seven Years after State Supreme Court Bans Usurious Payday Lending Rates, in a recent editorial on the Consumer Financial Protection Bureau proposed rules concerning the payday lending industry. The article, Will payday lending rules pay […]
Southern Bancorp Community Partners COO, Karama Neal discusses rural economic vitality at Rural Housing conference
Washington, DC – Southern Bancorp Community Partners COO Karama Neal served as a panelist at a national conference focused on rural housing. The Future of Rural Communities: Implications for Housing, was hosted by the Federal Reserve Bank of St. Louis and the USDA-Rural Development. Neal represented Southern on the Rural Economic Vitality panel, speaking about […]
Into the Light: A Survey of Arkansas Borrowers Seven Years after State Supreme Court Bans Usurious Payday Lending Rates
In 2009, the last Arkansas payday loan store closed for business. At the industry’s peak, three years earlier, payday lenders operated 275 stores across the Natural State. Arkansans Against Abusive Payday Lending (AAAPL – www.stoppaydaypredators.org), a coalition of forty (40) organizations including Southern Bancorp Community Partners (SBCP), played a key role in raising awareness about […]