SouthPoint Bank is headquartered in Birmingham and is the 34th largest bank in the state of Alabama. It is also the 2,158th largest bank in the nation. It was established in 2005 and as of December of 2017, it had grown to 77 employees at 4 locations. SouthPoint Bank has a B+ health rating.
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Southpoint Has Been Great For Me (Hence The 3 Star Instead Of 1)
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
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
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.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58088 |
| Year Established | 2005 |
| Employees | 77 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 12.35% |
| Annual Interest Income | $13.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $309.1MM$277.3MM |
| Loans | Q4 2017vs Q4 2016 | $246.3MM$217.8MM |
| Deposits | Q4 2017vs Q4 2016 | $249.4MM$247.8MM |
| Equity Capital | Q4 2017vs Q4 2016 | $28.2MM$24.4MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $3.6MM$3.3MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $92.00K$232.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $266.00K$802.00K |
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 Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | - | $25k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
SouthPoint Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.10%* | - | $25k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| SouthPoint Bank Locations | ||
|---|---|---|
| Gardendale Branch | 1101 Main Street | Gardendale, AL 35071 |
| Southpoint Bank | 3501 Grandview Parkway | Birmingham, AL 35243 |
| The Shoppes At Deerfoot Branch | 7278 Gadsden Highway | Trussville, AL 35173 |
| Wilsonville Branch | 9833 North Main Street | Wilsonville, AL 35186 |