Selfies for Retirement?
Innovative thinking on saving today…for tomorrow. When it comes to retirement, the first question that usually pops up is, “How much should I save?” Many financial advisors suggest a retirement savings equal to 70% of present income spread over a period of 20 years....
Policy Points 44: Good Guys Answer the Call
Providing Safe, Affordable, and Profitable Small Loans as the Regulatory Landscape Evolves Read the full Policy Points here.As Public Funding Ends, Opportunities Remain to Help People Save
Southern Bancorp is committed to encouraging healthy savings habits, encouraging policy changes that incentivize individual and family savings programs, and removing policy barriers to accessing savings. That’s because we believe the best way to build communities and...
Thoughts on Emergency Savings …from the Shoulder of I-40
By James Owen, 2016-2017 Southern Bancorp Fellow For the past fifteen months, I have worked as a policy fellow at Southern Bancorp, learning about smart savings habits and benefits, statistics about individual and family savings, and Southern’s many savings services...
Southern Bancorp Community Partners named a Community Champion for Arkansas and Mississippi
Southern believes that a broad approach has a deeper impact, and that to truly build communities and change lives, it takes a committed network of partners. Continuing a years-long partnership, Southern will be a Community Champion in Arkansas and Mississippi for...Statue to Honor Life, Legacy of Maggie Lena Walker
Maggie Lena Walker: trailblazer, entrepreneur, innovator. On Saturday, July 15th, the local government in Richmond, VA, will celebrate Maggie Lena Walker’s 153rd Birthday by unveiling a statue honoring her story, legacy, and commitment to providing financial services...
The 2016 Annual Report is here!
View the Annual Report (PDF) 2016 was a milestone year in Southern Bancorp’s history. From launching our three audacious goals, which will guide our work for the next ten years, to repurchasing $33.8 million dollars in Community Development Capital Initiative (CDCI)...
Southern Bancorp Receives America Saves Designation of Savings Excellence
Today the Consumer Federation of America awarded Southern Bancorp the America Saves Designation of Savings Excellence recognizing Southern’s efforts to promote savings in its markets during America Saves Week 2017, a national initiative that supported the savings...