SOUTHERN BANK HISTORY
- Bank Name:Southern Bank
- Bank Class:Federal Reserve Non-member Bank
- Member FDIC:Certificate #15359
- Locations:59 Branches in 2 states
Southern Bank was founded on January 1, 1901 and has been serving the financial needs of their customers for over 123 years.
Southern Bank currently operates with 59 branches located in 2 states as a subsidiary of Southern Bancshares (N.C.), Inc.. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Southern Bank, including mergers and acquisitions.
DATEEVENT
01-01-1901Institution established. Original name: Bank of Mount Olive.
03-01-1967Changed Institution Name to Southern Bank and Trust Company.
07-16-1971Changed Institution Name to Southern Bank and Trust Company.
10-01-1973Acquired Merchants & Farmers Bank (11854) in Macclesfield, NC.
12-29-1986Acquired Tarheel Bank & Trust Co. (14544) in Gatesville, NC.
04-10-1990Main Office moved to 101 North Center Street, Mount Olive, NC 28365.
07-10-1993Acquired Citizens Savings Bank, Inc. (28140) in Rocky Mount, NC.
04-04-1996Main Office moved to 100 North Center Street, Mount Olive, NC 28365.
05-15-1998Acquired Enfield Savings Bank, Inc., Ssb (28313) in Enfield, NC.
09-23-2011Acquired Bank of the Commonwealth (20408) in Norfolk, VA as part of a government assisted merger.
07-01-2013Acquired The Heritage Bank (8939) in Lucama, Nc.
02-01-2016Acquired Heritage Bank (22411) in Norfolk, VA.
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