Understanding the Function of the FDIC

May 5, 2023 | Blog, Financial Fitness

By Charlestien Harris If you’ve been following the national banking news lately, you’ve probably heard a lot of talk about FDIC insurance, and you might even be wondering about your own deposits. To answer some of those questions, my article this month...

Financial Literacy: Debt Collection Rules and Regulations

Apr 28, 2023 | Blog, Financial Fitness

By Charlestien HarrisI am still trying to get as much factual information as I can to consumers, because what you don’t know can harm you – despite the old adage that says, “What you don’t know won’t hurt you.” Not knowing critical information can possibly do great...

Financial Literacy: Borrowing Basics

Apr 21, 2023 | Blog, Financial Fitness, Homebuying

By Charlestien Harris With National Homeownership Month coming up in June, many consumers may have the notion of borrowing money on their minds. Financial literacy is an important topic, and I want to expand the knowledge of the consumer by explaining the process of...

Business Basics: Types of Business Structures

Apr 14, 2023 | Blog, Financial Fitness

By Charlestien Harris When you decide to start a new business, choosing the right structure is an important decision to make early on. The one you choose can affect things like the company’s taxes, your personal liability, and how you must operate your business....

Southern Bancorp, Inc., Southern Bancorp Community Partners awarded nearly $10 Million to support lending and investments in financially underserved communities

Apr 11, 2023 | News, Press Releases

Funds are part of $1.7B in awards to 603 Community Development Financial Institutions across the country through the CDFI Equitable Recovery Program LITTLE ROCK, ARK. – The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund has awarded...

Should I Buy Now and Pay Later?

Apr 7, 2023 | Blog, Financial Fitness

By Charlestien Harris Since we are celebrating the month of April as National Financial Literacy Month, I decided to talk about a topic that is picking up momentum in the consumer financial arena. The financial model of “Buy Now and Pay Later” is taking the financial...

March into Developing Saving as a Habit

Mar 10, 2023 | Blog, Financial Fitness

By Charlestien Harris Daylight saving time arrives on Sunday, March 12, 2023, at 2 a.m., the practice of moving clocks forward one hour during the summer months, to be eventually changed backward one hour during the fall. Daylight saving time always begins on the...

Southern Bancorp Community Partners Names Wonda London Community Inclusion Lender for Little Rock

Mar 8, 2023 | News, Press Releases

LITTLE ROCK, ARK. – Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and Community Development Financial Institution (CDFI), today announced Wonda London as its newest Community Inclusion Lender. SBCP is the nonprofit arm of Southern Bancorp, Inc.,...

March into College with Money Sense

Mar 3, 2023 | Blog, Financial Fitness

By Charlestien Harris It is never too early to start thinking about money, especially if you are planning to attend college this summer or the coming fall. This is definitely the time of year that high school students usually learn whether or not they have been...

Philander Smith, Southern Bancorp Successfully Wrap Inaugural Innovation Challenge for Local Students

Feb 24, 2023 | News, Press Releases

Two-day ‘Champions of Change Challenge’ tasked Philander students to solve a real-world problem with innovative solutions for $5,000 worth of prizes Photo Gallery | Video  | Website LITTLE ROCK, ARK. – On Feb. 11 and 15, in the heart of Black History Month and...