Southern Bank is a bank based in

Mount Olive, North Carolina Mount Olive is a town in Duplin County, North Carolina, Duplin and Wayne County, North Carolina, Wayne counties in the U.S. state of North Carolina. The population was 4,589 at the 2010 United States Census, 2010 census. It is included in the Gold ...

. It is a wholly owned subsidiary of Southern BancShares (N.C.), Inc., a

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United Stat ...

. The company operates 64

branches A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...

North Carolina North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia a ...

and

Virginia Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the East Coast of the United States, Atlantic Coast and the Appalachian Mountains. The geography an ...

History

Southern Bank was originally founded on January 29, 1901, as The Bank of Mount Olive. The bank changed its name to Southern Bank and Trust Company on March 1, 1967, to reflect a more regional presence. The Home Office of the Bank is located at 116 East Main Street, Mount Olive, North Carolina. Southern BancShares (N.C.), Inc., was founded and established as the holding company of Southern Bank on January 1, 1983. In 2011, the company acquired the assets and liabilities of the failed Bank of the Commonwealth. On February 1, 2016, the bank merged with Heritage Bankshares.

References

Banks based in North Carolina {{US-bank-stub