Southern Heritage Bank

Southern Heritage Bank is a for-profit Subchapter S Corporation registered in SAM.gov, operating as a financial institution focused on community development and inclusive lending practices. As a certified Community Development Financial Institution (CDFI), the bank specializes in providing financial services and support to underserved communities, with a particular emphasis on helping low- and moderate-income populations access affordable financial products and capital. The bank is actively engaged with federal grant programs that support community economic development, specifically working with the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund to expand financial opportunities in economically distressed areas.

Through federal grant awards, Southern Heritage Bank has received funding from the CDFI Fund for specific community development initiatives, including the Bank Enterprise Award (BEA) Program and the Small Dollar Loan (SDL) Program. The bank has been awarded grants totaling approximately $447,071, with project periods extending through December 31, 2027. These grants support critical financial services such as establishing small dollar loan programs, creating loan loss reserves, providing technical assistance to small businesses, and expanding community development financing. The bank's grant-funded activities focus on helping unbanked and underbanked populations build credit, access affordable capital, and integrate into the mainstream financial system by offering alternative lending products and financial education. Specific grant-supported services include increased lending to certified CDFIs, investments in economically distressed communities, technical assistance for small businesses, and developing tailored financial products for low-income populations.