SouthPoint Bank


Overview / Commentary
205-503-5000
3501 Grandview Parkway
Birmingham, AL 35243

SouthPoint Bank is headquartered in Birmingham and is the 24th largest bank in the state of Alabama. It is also the 1,740th largest bank in the nation. It was established in 2005 and as of September of 2019, it had grown to 78 employees at 4 locations. SouthPoint Bank's money market rates are 4X the national average, and it has an A 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

Posted by: |

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

Posted by: |

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

Health Grade Components

Overall
FDIC Certificate #58088
Year Established2005
Employees78
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD14.46%
Annual Interest Income$14.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$407.3MM$374.9MM
LoansQ3 2019vs Q3 2018$333.9MM$285.9MM
DepositsQ3 2019vs Q3 2018$367.5MM$341.5MM
Equity CapitalQ3 2019vs Q3 2018$37.6MM$30.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.6MM$3.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.4MM$1.2MM
Real Estate OwnedQ3 2019vs Q3 2018$89.00K$221.00K
Rates
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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 Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%--BluePoint Money Market - New Money

SouthPoint Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%*-$25kBluePoint Checking
OTHER TIERS: 0.25% $25k+
Locations


SouthPoint Bank Locations
Gardendale Branch1101 Main StreetGardendale, AL 35071
Southpoint Bank3501 Grandview ParkwayBirmingham, AL 35243
The Shoppes At Deerfoot Branch7278 Gadsden HighwayTrussville, AL 35173
Wilsonville Branch9833 North Main StreetWilsonville, AL 35186

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