Southern Independent Bank
Opp, AL
- UEI
- K8KLG3MX2NQ6
- CAGE
- 510G4
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Physical address
- 503 N Main St, Opp, AL 36467, USA
- Website
- southernindependentbank.com
- Founded
- 2006
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… | Community Development Financial Institutions Fund | $275,536 | |
| Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… | Community Development Financial Institutions Fund | $437,350 | |
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $3,718,258 | |
| Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… | Community Development Financial Institutions Fund | $170,699 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $1,826,265 |
About Southern Independent Bank
Southern Independent Bank is a for-profit financial institution headquartered in Opp, Alabama, registered in the System for Award Management (SAM) since 2008. As a certified Community Development Financial Institution (CDFI), the bank specializes in providing financial services and lending to economically distressed and underserved communities, with a particular focus on supporting low- and moderate-income populations. The bank has consistently received federal grants from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, demonstrating its commitment to expanding economic opportunities in areas with limited financial resources.
Through multiple federal grant programs, Southern Independent Bank has received substantial funding to enhance its community development efforts. The bank has been awarded grants through several key initiatives, including the Bank Enterprise Award (BEA) Program, the Equitable Recovery Program (ERP), and the Rapid Response Program (RRP), all designed to support economic recovery and financial inclusion. These grants, totaling approximately $5.7 million between 2021 and 2024, have enabled the bank to increase lending to small businesses, expand affordable housing financing, and provide tailored financial products to underserved communities. The grants specifically target COVID-19 economic recovery, supporting populations disproportionately impacted by the pandemic through loans, grants, and technical assistance. The bank's federal grant work focuses on increasing investments in economically distressed areas, providing financial services to minority and low-income borrowers, and building organizational capacity to address significant capital and financial service needs in its service region.
Quick answers
What is Southern Independent Bank's UEI?
Southern Independent Bank's Unique Entity ID (UEI) in SAM.gov is K8KLG3MX2NQ6.
What is Southern Independent Bank's CAGE code?
Southern Independent Bank's CAGE code is 510G4.
Where is Southern Independent Bank located?
Southern Independent Bank's physical address in SAM.gov is 503 N Main St, Opp, AL 36467, USA.
Is Southern Independent Bank registered in SAM.gov?
Yes. Southern Independent Bank's SAM.gov registration is active through May 15, 2027.
What is Southern Independent Bank's most recent federal award?
Southern Independent Bank's most recent federal grant award is Purpose: the bank enterprise award program (BEA program) provides monetary awards to fdic insured depository… (241BE066404G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Southern Independent Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors