SouthPoint Bank is headquartered in Birmingham and is the 41st largest bank in the state of Alabama. It is also the 2,531st largest bank in the nation. It was established in 2005 and as of June of 2016, it had grown to 73 employees at 4 locations. SouthPoint Bank has an A 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 Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58088 |
| Year Established | 2005 |
| Employees | 73 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.05% |
| Return on Equity - YTD | 10.91% |
| Annual Interest Income | $5.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $251.3MM$219.2MM |
| Loans | Q2 2016vs Q2 2015 | $191.4MM$168.3MM |
| Deposits | Q2 2016vs Q2 2015 | $214.2MM$178.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $24.0MM$20.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.1MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.9MM$3.1MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $843.00K$1.6MM |
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+ | |||||
| 0.00% | - | - | Kasasa Cash Back | ||
| SouthPoint Bank Locations | ||
|---|---|---|
| Gardendale Branch | 1101 Main Street | Gardendale, AL 35071 |
| Southpoint Bank | 3500 Colonnade Parkway, Suite 140 | Birmingham, AL 35243 |
| The Shoppes At Deerfoot Branch | 7278 Gadsden Highway | Trussville, AL 35173 |
| Wilsonville Branch | 9833 North Main Street | Wilsonville, AL 35186 |