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...
Recognizing National Save for Retirement Week

Recognizing National Save for Retirement Week

This is National Save for Retirement Week, a national effort to increase personal financial literacy and raise public awareness about the importance of saving for retirement.[1] This week provides an opportunity for employees to reflect on their personal retirement...