The Southern Bank Company

The Southern Bank Company Overview

The Southern Bank Company, founded in June 1, 1936, is currently an inactive FDIC insured bank. The chartering agency for The Southern Bank Company is currently with the State. This FDIC insured bank is not being operated by government conservatorship. The Southern Bank Company has an FDIC insurance membership with the DIF – Deposit Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

The Southern Bank Company is assigned uner the Atlanta Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on July 02, 1936.

Address Location and Maps for The Southern Bank Company

Bank Name The Southern Bank Company FDIC Bank Location for The Southern Bank Company
Address 221 S Sixth St
Gadsden, AL 35901
County: Etowah
Bank’s State: Alabama
Website: http://www.sobanco.com:80/

 

The Southern Bank Company Detailed Information

FDIC Certificate ID 29731
Bank Institution Name The Southern Bank Company
Is the Bank Active? Inactive
Office of Thrift Supervision Docket ID 3971
Total Assets $94,800,000
Total Deposits $70,053,000
Regulator Federal Deposit Insurance Corporation (FDIC)
Bank Charter Class NM – Commercial Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State charter and Fed non-member
FDIC Bank’s Chartering Agency State
Bank is FDIC Insured No, FDIC insured bank is NOT a member of the Bank Insurance Fund
Bank Insurance Fund DIF – Deposit Insurance Fund
Date of Deposit Insurance July 02, 1936
Change Code 660
Change Code Description Change in FDIC Insured Bank’s Geographic Region/Area/Territory/Field Office
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? No
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks Yes
FDIC Supervisory Region Atlanta
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Etowah
Office of Thrift Supervision Region Southeast
Assigned Federal Reserve District Atlanta
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

The Southern Bank Company is insured by the Federal Deposit Insurance Corporation (FDIC)

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