Southern Bank is a bank based in Spartanburg, South Carolina, established in 1945, with $400 million in total assets across 8 branches. By Trust Grade it ranks 43rd of 44 banks we track in South Carolina. Its capital ratio of 7.8% trails most similarly sized banks (12th percentile), versus a South Carolina median of 9.8%. It was profitable over the most recent period, with a 0.09% return on assets. No consumer complaints against Southern Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Southern Bank compares to South Carolina peers
How we graded Southern Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (7.8% capital ratio)
- Profitable (ROA 0.09%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Southern Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (8)
- 468 E Main St, Spartanburg, SC 29302
- 2455 Ga Highway 88, Hephzibah, GA 30815
- 855 N Liberty St, Waynesboro, GA 30830
- 21 College St, Gibson, GA 30810
- 101 Cleveland St, Greenville, SC 29601
- 108 Barnwell Avenue Nw, Aiken, SC 29801
- 1312 Professional Dr, Myrtle Beach, SC 29577
- 731 Charles Perry Ave, Sardis, GA 30456
Are deposits at Southern Bank insured?
Yes. Southern Bank is an FDIC-insured bank (FDIC certificate #16288). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Southern Bank: frequently asked questions
Is Southern Bank a good bank?
Southern Bank earns a Bankzia Trust Grade of B (83/100, "Strong"), based on a financial-strength score of 83/100 (it has no CFPB complaints on record). Well-capitalized (7.8% capital ratio); Profitable (ROA 0.09%).
Is Southern Bank FDIC-insured?
Yes. Southern Bank is a FDIC-insured bank (FDIC certificate #16288). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Southern Bank?
Southern Bank holds $400 million in total assets, ranking 43rd of 44 banks we track in South Carolina. It operates 8 branches.
Does Southern Bank have CFPB complaints?
No CFPB complaints against Southern Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
