SouthPoint Bank is headquartered in Birmingham and is the 13th largest bank in the state of Alabama. It is also the 907th largest bank in the nation. It was established in 2005 and as of June of 2022, it had grown to 161 employees at 10 locations. SouthPoint Bank has an A+ health rating.
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), 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????
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!
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.
Overall | |
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FDIC Certificate # | 58088 |
Year Established | 2005 |
Employees | 161 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.16% |
Return on Equity - YTD | 11.84% |
Annual Interest Income | $20.8MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $1.09B$633.7MM |
Loans | Q2 2022vs Q2 2021 | $913.0MM$490.3MM |
Deposits | Q2 2022vs Q2 2021 | $933.1MM$543.4MM |
Equity Capital | Q2 2022vs Q2 2021 | $110.0MM$56.6MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $9.4MM$6.8MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $889.00K$3.7MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$339.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.10%* | - | $25k | Premium Checking | ||
OTHER TIERS: 0.25% → $25k+ |
Arab Branches | ||
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Arab Branch | 1096 North Brindlee Mountain Parkway | Arab, AL 35016 |
Birmingham Branches | ||
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Southpoint Bank | 3501 Grandview Pkwy | Birmingham, AL 35243 |
Liberty Park Branch | 8000 Liberty Pkwy | Birmingham, AL 35242 |
Cullman Branches | ||
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Fairview Branch | 44 Butler Street | Cullman, AL 35058 |
Highway 157 Branch | 4855 Highway 157, Northwest | Cullman, AL 35055 |
Merchants Bank Al Mo Branch | 900 Second Avenue, Sw | Cullman, AL 35055 |
Gardendale Branches | ||
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Gardendale Branch | 1101 Main Street | Gardendale, AL 35071 |
Hanceville Branches | ||
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Hanceville Branch | 906 Main Street, Ne | Hanceville, AL 35077 |
Trussville Branches | ||
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The Shoppes At Deerfoot Branch | 7278 Gadsden Highway | Trussville, AL 35173 |
Wilsonville Branches | ||
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Wilsonville Branch | 9833 North Main Street | Wilsonville, AL 35186 |