SouthPoint Bank

Overview / Commentary
3501 Grandview Parkway
Birmingham, AL 35243

SouthPoint Bank is headquartered in BIRMINGHAM and is the 8th largest bank in the state of Alabama. It is also the 665th largest bank in the nation. It was established in 2005 and as of March of 2024, it had grown to 155 employees at 10 locations. SouthPoint Bank has a B+ health rating.

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Reviews (4)

Helpful For Any Needs

Been with SouthPoint for about 3 or 4 years now and have not had trouble. CD rates aren't the best, but interest checking and money market makes up. Folks in the branch always willing to help when needed.

Southpoint Has Been Great For Me (Hence The 3 Star Instead Of 1)

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SouthPoint  has been great for me (hence the 3 star instead of 1), but are no longer offering the rewards interest rate effective March 1st, 2010.  They said that the reason for the change is that "their rate was higher than most of their competitors."  So you reduce it a little, right, not just totally can it.  Anyway, moving on.  Starting to feel like a serial bad-relationship kind of guy, always thinking that the next girl will make me happy.  So am I using these banks, or are they using me????

Poor Customer Service

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Do not rely on the customer service to be of help to you! I've been waiting a week to get an answer on a mistake that they made. The last time I had to wait on an answer - it took 8 months! Good Luck if you use this bank!

No 24 Hour Check Verification

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Someone wrote a check to me from SouthPoint Bank, and I was unable to locate any information with regards to how to verify the funds for the check. The only 24 hour number they have is the debit/credit card fraud number.


Health Grade Components

FDIC Certificate #58088
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD13.6%
Annual Interest Income$28.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.69B$1.43B
LoansQ1 2024vs Q1 2023$1.54B$1.18B
DepositsQ1 2024vs Q1 2023$1.39B$1.04B
Equity CapitalQ1 2024vs Q1 2023$140.3MM$129.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$17.4MM$12.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$14MM$6MM
Real Estate OwnedQ1 2024vs Q1 2023$130K$315K
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Always verify rates and promotions with the bank or credit union. We are not SouthPoint Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SouthPoint Bank Checking Account Rates

2.10%*$0$25kPremium Checking
OTHER TIERS: 0.25% $25k+

Cities: Arab, Birmingham, Cullman, Gardendale, Hanceville, Trussville, Wilsonville

Arab Branches
Arab Branch1096 North Brindlee Mountain ParkwayArab, AL 35016

Birmingham Branches
Southpoint Bank3501 Grandview PkwyBirmingham, AL 35243
Liberty Park Branch8000 Liberty PkwyBirmingham, AL 35242

Cullman Branches
Fairview Branch44 Butler StreetCullman, AL 35058
Highway 157 Branch4855 Highway 157, NorthwestCullman, AL 35055
Merchants Bank Al Mo Branch900 Second Avenue, SwCullman, AL 35055

Gardendale Branches
Gardendale Branch1101 Main StreetGardendale, AL 35071

Hanceville Branches
Hanceville Branch906 Main Street, NeHanceville, AL 35077

Trussville Branches
The Shoppes At Deerfoot Branch7278 Gadsden HighwayTrussville, AL 35173

Wilsonville Branches
Wilsonville Branch9833 North Main StreetWilsonville, AL 35186

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