North Carolina – Wayne – Mount Olive
(NM) Commercial bank, state charter and Fed nonmember
active
www.southernbank.com
North Carolina
Wayne
Mount Olive
(NM) Commercial bank, state charter and Fed nonmember
active
15359
1901
FDIC Certificate Number: 15359
FDIC's unique number: 9687
The FDIC Field Office where an institution is physically located: Raleigh
Federal Reserve ID Number: 717924
Report Date: 2011-06-30
Bank Charter Class: NM
Number of Domestic Offices: 56
Number of Foreign Offices: 0
The date of the last data update: 2011-09-26
1901-01-01 Institution established. Original name: Southern Bank And Trust Company.
1973-10-01 Acquired Merchants & Farmers Bank in Macclesfield, North Carolina.
1986-12-29 Acquired Tarheel Bank & Trust Co. in Gatesville, North Carolina.
1993-07-10 Acquired Citizens Savings Bank, Inc. in Rocky Mount, North Carolina.
1998-05-15 Acquired Enfield Savings Bank, Inc., SSB in Enfield, North Carolina.
2011-09-23 Acquired Bank Of The Commonwealth in Norfolk, Virginia as part of a government assisted transaction.
Total assets: $1,337,305,000
Total deposits: $1,122,013,000
Deposits held in domestic offices: $1,122,013,000
Equity capital: $124,668,000
Net income: $2,634,000
Return on Assets: 0.39
Return on Equity: 4.25
Last updated on: 2011-10-20
Bank Holding Company: Southern Bancshares (N.C.), Inc.
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Profile ID: LFUS-BAB-P-27313