It’s Time for Less Spending and More Wealth Building
I’ve often been told not to refer to myself as “broke”. Understandable, since the definition of the word is to be penniless, poverty-stricken and completely out of money. Yet, it can certainly feel that way when you can’t really afford the lifestyle you want. Hi! My...
Tax Time is Now Savings Time in Arkansas!
Back in October, we wrote about the need to save, specifically at tax time. Why? Because that’s the time that most Americans receive their largest lump sum all year. Combined with research that shows savings habits are stronger when money is immediately placed into a separate savings account, and the idea for “Add-A-Line” was born.
Yes, YOU can be a Super Saver!
Yes, YOU can be a Super Saver! Hello, world! My name is Rebekah. I’m a banker at Southern Bancorp, a wife to a Pastor, and a mom to two boys. But few people know that I have another, secret identity. I’m a Super Saver. Over the years, I’ve come up with a lot of crazy...
Statement on Recently Announced CFPB Rule Change Affecting Payday Lenders
Little Rock, Ark. – Southern Bancorp, a Community Development Financial Institution (CDFI) with operations in Arkansas and Mississippi, announced its opposition to this week’s proposed Consumer Financial Protection Bureau (CFPB) rule change that would remove...
Coming Soon: Debit Card Fraud Text Alerts!
We’re excited to announce we’ll be adding Text Fraud Alerts as part of our debit card protection program in the coming weeks. Keeping your account safe and secure is our highest priority. You’ll soon begin receiving text alerts when suspicious activity is detected on...
Smart Tips for Back to School Shopping
It’s that time of year again. New teachers, new classrooms, and a long list of things to buy for any kid going back to school. Stay smart with your back to school shopping by following these tips from the FTC: Shop with a list Take inventory of the clothing and...
Consumer Alert: Social Security Administration Scams
No matter how reputable a company sounds, they are most likely scammers if they make the first contact and ask for sensitive information over the phone. The Federal Trade Commission warns us that scammers are impersonating the Social Security Administration in order...
6 Tips for Building Wealth in 2018
Most people make New year’s resolutions, so why not banks? Southern Bancorp’s New Year’s resolution is to be wealth builders for everyone. This year we want to help you save for the future, pay off debt, rebuild credit, buy a home or start the business you’ve been...