Darrin Williams
CEO, Southern Bancorp, Inc.
Darrin Williams
CEO, Southern Bancorp, Inc.
About Darrin Williams
Darrin L. Williams is the CEO of Southern Bancorp, Inc., one of America’s oldest and largest community development financial institutions (CDFIs) working to expand economic opportunity in rural and minority communities throughout the mid-South that are increasingly abandoned by other financial institutions. With more than $2.5 billion in assets, 56 locations around and throughout the Delta region, one of the nation’s most impoverished communities, Southern Bancorp focuses on the net worth building strategies of homeownership, entrepreneurship, and saving. A frequent commentator in the national press, Williams is a former legislator, securities and consumer protection attorney, and passionate advocate for financial inclusion who is recognized nationally for his work to increase financial access. Darrin is a recent addition to Business Insider’s 100 People Transforming Business as well as a past member of the Bloomberg 50, an annual list of individuals who defined global business for the year. Williams is active in many organizations including serving as board chairman of the Community Development Bankers Association; the North American board representative to the Global Alliance for Banking on Values; a board member of the St. Louis Federal Reserve’s Little Rock Branch, and a Biden-Harris appointee to the CDFI Fund Community Development Advisory Board. Williams received his Bachelor of Arts degree from Hendrix College in Conway, Ark.; his Juris Doctor from Vanderbilt University School of Law in Nashville, Tenn.; and his Master of Laws degree in Securities and Financial Regulation from Georgetown University Law Center in Washington, D.C.
About Darrin Williams
Darrin L. Williams is the CEO of Southern Bancorp, Inc., one of America’s oldest and largest community development financial institutions (CDFIs) working to expand economic opportunity in rural and minority communities throughout the mid-South that are increasingly abandoned by other financial institutions. With more than $2.5 billion in assets, 56 locations around and throughout the Delta region, one of the nation’s most impoverished communities, Southern Bancorp focuses on the net worth building strategies of homeownership, entrepreneurship, and saving. A frequent commentator in the national press, Williams is a former legislator, securities and consumer protection attorney, and passionate advocate for financial inclusion who is recognized nationally for his work to increase financial access. Darrin is a recent addition to Business Insider’s 100 People Transforming Business as well as a past member of the Bloomberg 50, an annual list of individuals who defined global business for the year. Williams is active in many organizations including serving as board chairman of the Community Development Bankers Association; the North American board representative to the Global Alliance for Banking on Values; a board member of the St. Louis Federal Reserve’s Little Rock Branch, and a Biden-Harris appointee to the CDFI Fund Community Development Advisory Board. Williams received his Bachelor of Arts degree from Hendrix College in Conway, Ark.; his Juris Doctor from Vanderbilt University School of Law in Nashville, Tenn.; and his Master of Laws degree in Securities and Financial Regulation from Georgetown University Law Center in Washington, D.C.
Full Biography
Darrin Williams’ career is a unique combination of business, law, and politics. Currently serving as the CEO of Southern Bancorp, Inc., Williams oversees the strategic direction and operations of each of Southern’s three Community Development Financial Institutions (CDFI): Southern Bancorp, Inc., a bank holding company; Southern Bancorp Bank, one of America’s largest community development banks; and Southern Bancorp Community Partners, a 501(c)(3) development finance and lending organization – collectively known as “Southern.”
Southern was founded more than 30 years ago when some of the nation’s most notable political, business, and philanthropic leaders came together around a central idea – that the economic challenges facing many underserved communities could in part be addressed through the creation of a values-based financial organization focused on providing net-worth building services to those who most need them. With an initial investment of approximately $10 million and a mission to create economic opportunity, Southern has grown to more than $2.5 billion in assets, 65,000 customers, and 56 locations primarily in underserved markets the Delta region, one of the nation’s most impoverished communities. Today, Southern is one of the oldest and largest community development organizations in the United States, as well as a model for the CDFI industry.
Williams joined Southern in 2013, and under his leadership Southern has experienced unprecedented growth, attracting over $50 million in equity capital, increasing its assets by $900 million dollars and expanding its geographic footprint and product offerings. Williams led the simplification of Southern’s capital structure, reducing five classes of common equity to one series, created a mechanism that continues to provide all shareholders with liquidity (regular quarterly dividends and bi-annual share buybacks), and changed Southern’s legal organization to a Benefit Corporation (and a certified B-Corp) to ensure ongoing mission protection. Southern is also a member of the Global Alliance for Banking on Values (GABV), an international network of banking leaders committed to advancing positive change in the banking sector with a goal to change the banking system so that it is more transparent, more inclusive and supports economic, social, and environmental sustainability.
As a leader in the financial industry, Williams is often asked to speak at conferences and provide expert commentary, having appeared live on CNBC, Fox News, Bloomberg, and Sirius XM, as well as being interviewed for such publications as American Banker, The Economist, Forbes, The Wall Street Journal and Euromoney. He has also had several opinion articles published in regional publications as well as national outlets such as Crain’s New York and The Hill. Williams was selected to the Bloomberg 50, a list of global thought leaders who defined the unprecedented year of 2020, for helping to direct $10 billion for CDFIs and Minority Depository Institutions in the second round of the Paycheck Protection loan program; and in 2022 was named to Business Insider’s 100 People Transforming Business.
In addition to serving on the CDFI boards of Southern Bancorp Bank and Southern Bancorp Community Partners, Williams is also a board member of the Little Rock Chapter of the Federal Reserve Bank of St. Louis, where he uses his familiarity with the economic and credit conditions of the mid-South region to help ensure that conditions of Main Street America are represented in the deliberations of the Federal Open Market Committee. In 2021, The White House appointed Williams to the 15-member Community Development Advisory Board that advises the CDFI Fund and its director. He is also an advisory board member for two New Market Tax Credit community development entities – Advantage Capital and BancorpSouth; board chair of the Community Development Bankers Association, the trade association for CDFI banks; a director of the GABV; a member of the Robert Woods Johnson Foundation Racial Equity Working Group; and a member of the Clinton Foundation’s Inclusive Economic Recovery task force.
Prior to leading Southern, Williams served as managing partner at the law firm of Carney, Williams, Bates, Pulliam & Bowman, PLLC, where his firm recovered over a billion dollars for aggrieved institutional investors and consumers in class action litigation against some of the nation’s largest publicly traded companies. Williams also served three terms in the Arkansas House of Representatives (2008-2013), including serving as Speaker Pro Tempore of the 89th Arkansas General Assembly. As a lawmaker, he was recognized nationally for his legislative accomplishments, including being named an Aspen-Rodel Fellow in Public Leadership by the Aspen Institute, a Champion of Small Business by the National Capital Coalition, and listed as one of 12 state legislators from around the country to watch by Governing Magazine.
Williams received his Bachelor of Arts degree from Hendrix College, in Conway, Ark., his Juris Doctor from Vanderbilt University School of Law, in Nashville, Tenn., and his Master of Laws degree in Securities and Financial Regulation from Georgetown University Law Center in Washington, D.C.
Affiliations, Partnerships, and Recognitions
Darrin Williams has long been actively involved with a wide variety of organizations and initiatives through his work in the CDFI industry, ranging from governmental and financial to entrepreneurial and philanthropic. A partial list of those affiliations and partnerships, past and present, are below.
Meet the 10 leaders transforming diversity and inclusion in corporate America (Business Insider)
The People Who Defined an Unprecedented Year (The Bloomberg 50 – 2020)
Catalyst, Leader, Influencer: Darrin Williams found his purpose at Southern Bancorp (AMP)
Community Development Bankers Association (Board Chair)
Global Alliance for Banking on Values (Chair, North American Chapter)
Federal Reserve Bank of St. Louis, Little Rock Chapter (Board Member)
CDFI Fund Community Development Advisory Board (Member)
Great American Economic Revival Industry Group on Banking (Past Member)
Robert Woods Johnson Foundation Racial Equity Working Group (Member)
Hendrix College Board of Trustees (Member)
Advantage Capital New Market Tax Credits Advisory Board (Member)
Cadence Community Capital Advisory Board (Member)
Bank of America National Community Advisory Council (Member)
Enterprise Community Partners Board (Member)
Arkansas Children’s Hospital Board of Directors (Member)
Heartland Forward Advisory Council (Member)
Darrin Williams (far right) advocates on behalf of CDFIs to members of Congress and the Biden Administration, June 2023
In the Media
Darrin Williams is a frequent speaker on issues related to Southern Bancorp and the CDFI industry in both the national, regional, and local media. If you would like to request an appearance, interview, or comment from Darrin, please email media@banksouthern.com with as much detail around your request as possible including topics, dates, and deadlines. A selection of media appearances for television, radio, and print are below.
Media Featuring Darrin Williams
Media Featuring Darrin Williams
Bloomberg TV’s Wall Street Week
Bloomberg TV’s Wall Street Week
April 18, 2023
Darrin discusses the importance of community banks to the national economy.
Media Featuring Southern Bancorp
Media Featuring Southern Bancorp
PBS Newshour: Millions of ‘unbanked’ Americans lack adequate access to financial services
PBS Newshour: Millions of ‘unbanked’ Americans lack adequate access to financial services
December 26, 2022
Publications/Case Studies/Speaking Engagements
In his leadership role, Darrin regularly authors and leads the development of numerous publications. Below are a selection of pieces he has authored, co-authored, or led through publication.
Southern Bancorp 2022 Impact Report
(Previous years’ Impact Reports)
Guest Editorial: “Too vital to fail”
April 2023
Capital Model 2.0 Proves That Patient Capital Pays Off – An Update on Southern Bancorp’s Capital Campaign
January 2023
Raising Core Equity Capital for Community Development Banks – A New Capital Model
January 2020
Investing in Rural Prosperity (A publication by the Federal Reserve Bank of St. Louis) Chapter 34: A Swiss Army Knife for Rural Development (pg 487)
2021
2021 Community Banking in the 21st Century, Research and Policy Conference
Darrin Williams, Keynote Speaker
Case Study: Harvard Business School – Aligning Mission and Margin at Southern Bancorp
2021
Arkansas Democrat Gazette Guest Editorial: “The wolf is back at the door”
November 2020
Arkansas Democrat Gazette Guest Editorial: “Canary in a coal mine”
February 2019
Crain’s New York Business Guest Editorial: “A Wall Street opportunity in rural America”
January 2018
Publications/
Case Studies/
Speaking Engagements
In his leadership role, Darrin regularly authors and leads the development of numerous publications. Below are a selection of pieces he has authored, co-authored, or led through publication.
Southern Bancorp 2022 Impact Report
(Previous years’ Impact Reports)
Guest Editorial: “Too vital to fail”
April 2023
Capital Model 2.0 Proves That Patient Capital Pays Off – An Update on Southern Bancorp’s Capital Campaign
January 2023
Raising Core Equity Capital for Community Development Banks – A New Capital Model
January 2020
Investing in Rural Prosperity (A publication by the Federal Reserve Bank of St. Louis) Chapter 34: A Swiss Army Knife for Rural Development (pg 487)
2021
2021 Community Banking in the 21st Century, Research and Policy Conference
Darrin Williams, Keynote Speaker
Case Study: Harvard Business School – Aligning Mission and Margin at Southern Bancorp
2021
Arkansas Democrat Gazette Guest Editorial: “The wolf is back at the door”
November 2020
Arkansas Democrat Gazette Guest Editorial: “Canary in a coal mine”
February 2019
Crain’s New York Business Guest Editorial: “A Wall Street opportunity in rural America”
January 2018
Darrin speaks on expanding economic opportunity in underserved areas.
Contact Darrin Williams
If you would like to connect with Darrin Williams or request a meeting with him or his staff, please complete the form below. Please note that not all meeting requests can be accommodated personally but may be coordinated by staff within the Office of the CEO. For media requests, please email media@banksouthern.com with detailed information about the interview request including topics and deadlines.