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Southern Bancorp
About
Southern is a unique organization that combines the vision, passion, and creativity of non-profit organizations.
- 251 - 500
Details
- Last Funding Type
- Corporate Round
- Industries
- Banking,Finance,Financial Services
- Founded date
- Jan 1, 1986
- Number Of Employee
- 251 - 500
- Operating Status
- Active
- Investor Type
- PE
Southern has originated over $2 billion in development loans—primarily to individuals and organizations in the poorest areas of the United States. The $2 billion milestone is unmatched in rural development, but Southern considers it to be just the beginning. Southern understands that access to capital—both for rural institutions and for rural families—is critically important. However, Southern Bancorp has found that even $2 billion of invested capital is insufficient to drive fundamental community change without such capital investments being focused into specific geographic areas and matched to comprehensive community engagement in education, housing, health care, leadership development, and economic development.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Oct 19, 2020 | Corporate Round | — | 1 |
Bank of America
|
— | Detail |
| Apr 24, 2018 | Series Unknown | $17.75M | 1 | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Bank of America
|
Yes | Corporate Round |
|
|
— | Series Unknown |
