Bank Index
The Southern Bank Company
Bank · Gadsden, United States · overall 5.9 / 10
How this 5.9 is built
Average of 6 scored needs: 5.9. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.
The Southern Bank Company is recorded in the global register as a bank in Gadsden, United States. The register shows its licence as licensed. Total assets 0.13 bn USD at 2026-06-30. It reports 4 offices. Established 1936. Collected from open registers.
On its own website: “The Southern Bank Company | Trusted in Alabama Since 1936”
- Legal name
- The Southern Bank Company
- Licence confirmed
- yes, on a regulator's own list
- Established
- 1936
- LEI
- 549300KW34EI33NI2M71
- Website
- sobanco.com
Scores, 0 to 10
8.0Financial strength & stability
· source
7.5Lowest fees
The bank's own page states no monthly account fee. The ceiling here is 7.5 and not 10 because transfer and card prices were not read on that page. It reads: “Whether you are processing thousands of transactions a day or one a month, The Southern Bank offers a solution with no monthly fees, free online banki” · source
6.0United States
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
5.5Cross-border payments, FX and multi-currency accounts
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.