SouthPoint Bank is headquartered in Birmingham and is the 23rd largest bank in the state of Alabama. It is also the 1,459th largest bank in the nation. It was established in 2005 and as of December of 2020, it had grown to 99 employees at 4 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 | 99 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.47% |
Return on Equity - YTD | 17.86% |
Annual Interest Income | $22.1MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $576.0MM$410.1MM |
Loans | Q4 2020vs Q4 2019 | $455.1MM$340.7MM |
Deposits | Q4 2020vs Q4 2019 | $433.5MM$368.3MM |
Equity Capital | Q4 2020vs Q4 2019 | $47.0MM$38.9MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $5.7MM$3.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.1MM$697.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$89.00K |
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 | BluePoint Checking | ||
OTHER TIERS: 0.25% → $25k+ |
SouthPoint Bank Locations | ||
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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 |