Southern Bancorp, Inc.
Arkadelphia, AR
- UEI
- VSALHUHR7NF5
- CAGE
- 4W8P9
- Primary NAICS
- 522110 Commercial Banking
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
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- Arkadelphia, AR HMDVSBB88LW6
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- SAM.gov registration date
- Physical address
- 605 Main St #202, Arkadelphia, AR 71923, USA
- Website
- banksouthern.com
- Founded
- 1986
- Employees
- 251-1K
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Southern Bancorp, Inc. is a for-profit community development financial institution (CDFI) headquartered in Arkadelphia, Arkansas, focused on driving economic revitalization in underserved rural communities across Arkansas and Mississippi. As a registered federal vendor with SAM.gov since 2007, the organization specializes in providing financial services, lending, investments, and technical assistance to areas with limited access to mainstream financial resources. The bank primarily works through federal grant programs administered by the Community Development Financial Institutions Fund (CDFI Fund) within the U.S. Department of the Treasury, targeting low- and moderate-income communities with strategic financial support and capacity-building initiatives.
Southern Bancorp, Inc. has received multiple federal grant awards designed to expand financial services and support economic recovery in distressed communities. These grants include a $1,285,000 CDFI Program Project Grant to grow organizational capacity, a $4,957,678 Equitable Recovery Program (ERP) grant to address COVID-19 economic impacts, and two Bank Enterprise Award (BEA) Program grants totaling approximately $2 million. The organization's grant-supported activities focus on increasing lending, grant-making, and investment activities in economically challenged regions, with specific emphasis on minorities and communities disproportionately affected by the pandemic. Through these federal awards, Southern Bancorp provides financial assistance, technical support, loans, and investments to local businesses and residents, leveraging federal funding to build economic resilience and create opportunities in underserved rural communities across Arkansas and Mississippi.
Quick answers
Is Southern Bancorp, Inc. registered in SAM.gov?
Yes. Southern Bancorp, Inc.'s SAM.gov registration is active through July 14, 2027.
What is Southern Bancorp, Inc.'s most recent federal award?
Southern Bancorp, Inc.'s most recent federal grant award is To promote economic revitalization and community development through investment in and financial assistance to… (241FA065143G), from Community Development Financial Institutions Fund, on September 26, 2024.
On GovTribe
See Southern Bancorp, Inc.'s full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors