Southern Development Bancorporation
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| Public | |
| Industry | Financial services, Philanthropy |
| Founded | 1986 |
| Headquarters | Arkadelphia, Arkansas, United States |
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Area served
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Arkansas, Mississippi |
| Total assets | $1,200,000,000 (2014) |
| Website | banksouthern |
Southern Bancorp (founded as Southern Development Bancorporation, often referred to simply as "Southern") is a Community Development Financial Institution headquartered in Arkadelphia, Arkansas that was founded in 1986.
With 43 locations, the organization focuses most of their work in the Arkansas Delta and Mississippi Delta. Southern's community-development work in these areas has directly improved various aspects of resident's lives through different projects such as the Delta Bridge Project, The Arkadelphia Promise, and numerous other sponsorships and projects.
In 1986, then Arkansas Governor Bill Clinton partnered with the Winthrop Rockefeller Foundation to help combat different issues plaguing the state. From this initiative, various nonprofit development agencies came together to form Southern Bancorp.
There are three entities that make up Southern Bancorp:
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