Southern Bancshares Inc. (SBNC)

Overview

Founded in 1901 and headquartered in Mount Olive, North Carolina, Southern BancShares (N.C.), Inc. operates primarily through its subsidiary, Southern Bank and Trust Company. Serving both consumers and businesses, the company extends its commercial banking services across North Carolina and Virginia. Southern BancShares boasts a robust network of around 60 offices in these states, providing a wide array of financial products and banking solutions tailored to meet the diverse needs of its clientele.

Products and Services

Southern BancShares (N.C.), Inc. offers a comprehensive suite of products and services designed to cater to various financial needs, including:

• Checking, Savings, Money Market, and Individual Retirement Accounts: A variety of deposit account options to suit individual saving and transactional needs, each designed with different features to accommodate the preferences of their customers.
• Certificates of Deposit: Investment products offering fixed interest rates over a specified term, providing a safe and predictable way to save money.
• Personal Loans: A wide range of loan products including cash reserve, vehicle leasing, home equity lines, credit cards, and automotive loans, addressing various personal financing requirements.
• Mortgage Loans: Financing options tailored to help customers purchase or refinance homes, with various loan structures to choose from.
• Business Loans: Offers business leasing, reserve plus, merchant accounts, and business credit cards, along with construction, commercial, and agriculture loans, supporting businesses with their growth and operational needs.
• Treasury Services: Solutions designed to help businesses manage their cash flow, liquidity, and risk more effectively.
• Online and Mobile Banking Services: Convenient banking options allowing customers to manage their finances on-the-go, including checking balances, transferring money, and paying bills.
• Night Deposit Services, Cashier's Checks: Secure services for businesses to deposit earnings after hours and a reliable way to make guaranteed payments.
• Investment and Brokerage Services: Financial advisory and investment services to help individuals and businesses plan for their future and grow their wealth.
• ATM/Visa Check Cards, Cell Phone Protection Services: Provides easy access to funds and added security features for mobile devices.
• Wire Transfers, Safe Deposit Boxes: Secure methods for sending money and safeguarding valuable personal items.