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Southern Bank
OUR HISTORY
Southern Bank and Trust Company was originally chartered as the Bank of Mount Olive on January 29, 1901. The bank was founded by a group of local businessmen who wanted a locally owned bank based in the community. The Bank officially began operations at 102 S. Center Street, Mount Olive with one employee and $10,000 in total assets.
As it continued to slowly grow in the 50's and 60's, management within the bank realized that its name may not be well received in other communities. So in 1967, the name was changed to Southern Bank and Trust Company. Southern has continued to grow organically, as well as through the acquisitions of other financial institutions, through purchases of individual branches from other institutions, and through the establishment of de novo branches.
The bank currently has assets of approximately $6 billion and operates approximately 60 locations in North Carolina and Virginia.
Southern Bank and Trust Company was originally chartered as the Bank of Mount Olive on January 29, 1901. The bank was founded by a group of local businessmen who wanted a locally owned bank based in the community. The Bank officially began operations at 102 S. Center Street, Mount Olive with one employee and $10,000 in total assets.
As it continued to slowly grow in the 50's and 60's, management within the bank realized that its name may not be well received in other communities. So in 1967, the name was changed to Southern Bank and Trust Company. Southern has continued to grow organically, as well as through the acquisitions of other financial institutions, through purchases of individual branches from other institutions, and through the establishment of de novo branches.
The bank currently has assets of approximately $6 billion and operates approximately 60 locations in North Carolina and Virginia.
Purpose
TO BE THE BANK OF PREFERENCE BY DELIVERING A DISTINCTIVE BANKING EXPERIENCE AND UNSURPASSED DEDICATION TO OUR CUSTOMERS AND COMMUNITIES.
Bank of Preference
Every customer and prospect in each community we serve prefers to come to Southern Bank for all of their financial needs.
Delivering a Distinctive Banking Experience
Best in class service
Responsiveness
Being a trusted financial advisor
A coming-home experience
Bank of Preference
Every customer and prospect in each community we serve prefers to come to Southern Bank for all of their financial needs.
Delivering a Distinctive Banking Experience
Best in class service
Responsiveness
Being a trusted financial advisor
A coming-home experience
Vision
“Southern Bank: Our Bank. Built on sound principles and values, delivered by caring professionals engaging our communities with integrity and commitment.”
This vision captures the key defining characteristics of our culture:
We value personal ownership of our brand: Our people are Southern Bank and act like owners
We operate on a sound, conservative banking philosophy
We are professionals that operate as trusted advisors to our customers
We are truly a community bank, engaged in the life of the communities we serve.
We operate consistently with the highest integrity.
This vision captures the key defining characteristics of our culture:
We value personal ownership of our brand: Our people are Southern Bank and act like owners
We operate on a sound, conservative banking philosophy
We are professionals that operate as trusted advisors to our customers
We are truly a community bank, engaged in the life of the communities we serve.
We operate consistently with the highest integrity.
Additional Culture Details
OUR TEAM
Our greatest asset, the foundation of our bank, and our competitive advantage is our people. They are the embodiment of our distinctive service experience.
We maintain a culture that values the contribution of all employees.
We foster a culture of learning, growth and development with all leaders and empower them to continually coach, grow and develop each member of their team.
Our greatest asset, the foundation of our bank, and our competitive advantage is our people. They are the embodiment of our distinctive service experience.
We maintain a culture that values the contribution of all employees.
We foster a culture of learning, growth and development with all leaders and empower them to continually coach, grow and develop each member of their team.
Values
- Southern Bank Values
- OUR VALUES
Integrity. We believe in conducting business with honesty and sincerity, maintaining credibility by conducting ourselves with character and always doing the right thing, even when no one is watching.
Trust. We are dependable, reliable and trustworthy with each other and with our clients.
Respect. We conduct ourselves with the utmost respect for our clients, our associates and for diversity of thought.
Simplicity. We believe in empowering our employees to make decisions in the interest of the service levels we deliver to our clients and to each other. We strive to be simple, efficient, and direct in our responsiveness to our clients and each other. We always look for better, more efficient ways to do business.
Passion. We believe in true commitment, working with a servant’s heart, displaying a passion for service to others and responsiveness.