Southern Bank is headquartered in POPLAR BLUFF and is the 9th largest bank in the state of Missouri. It is also the 305th largest bank in the nation. It was established in 1887 and as of March of 2023, it had grown to 691 employees at 72 locations. Southern Bank has an A health rating.
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10/2/11 - King of RCAs: Southern Bank Rate is STILL at (5.01%, $15K)
4/3/11 - Southern Bank Reduced Its Limit "Quietly"...
10/19/10 - 2.80% 5-Year CD & 2.25% 3-Year CD At Southern Bank In MO & AR
9/14/10 - Top CD and Reward Checking Rates Continue at Southern Bank in MO & AR
8/23/10 - 3.05% 5-Year CD & 2.50% 3-Year Cds & IRA Cds At Southern Bank In AR & MO
6/27/10 - Top CD and Reward Checking Rates at Southern Bank in MO & AR
9/30/09 - 2.75% 25-Month CD at Southern Bank in MO & AR
6/7/09 - 5.01% Reward Checking Account at Southern Bank
Great Bank
I've been a customer for a few years now and they are great place to bank at. I have accounts at least three different banks and they are the best.
Best Interest rate for checking account!
My experience with Southern Bank has been good. I setup my account with them all online and was relatively easy. They have a smooth mobile app that allows you to access your account anytime you want to. You can deposit checks using the app for easy convenience. The reason I picked this bank was because of their killer interest rate on checking accounts. Currently it's at 3% on up to $15,000. The only catch is you have to do some sort of direct deposit, 12 debit card transactions, and sign-up for paperless statements. It's easy to find 12 things a month to use my debit card on. If you meet all the requirements then they will reimburse you on ATM fees from other banks.
Not A Good Place To Bank-Ozark
A female employee at my location took it upon herself to speek to me, a 65 year old woman as though she was reprimanding her child. She blamed me (the victim) for my card information being stolen. First off I’m old enough and computer knowledgeable enough to know how to keep my information as safe as can be expected. Come to find out Samsung has a major security issue and my phone was hacked. How totally irresponsible and downright hateful she had while blaming the customer. You should never assume you know how someone lives and protects their personal information. Her attitude is unacceptable but I didn’t get the feeling her supervisor would correct her attitude. Now I’ll be finding a new bank.
Southern Bank Is The Worst
Southern bank took over my bank and it's been royally screwed up since... Highly don't recommend this bank they're horrible
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28332 |
| Year Established | 1887 |
| Employees | 691 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 3.2% |
| Annual Interest Income | $44.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $4.24B$3.24B |
| Loans | Q1 2023vs Q1 2022 | $3.43B$2.58B |
| Deposits | Q1 2023vs Q1 2022 | $3.77B$2.87B |
| Equity Capital | Q1 2023vs Q1 2022 | $396.0MM$307.6MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $45.7MM$33.6MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $6.9MM$3.9MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $5.3MM$3.2MM |
