Type: Public
On the web: http://www.sobanco.com

The Southern Banc Company is the holding company for The Southern Bank, which serves Cherokee, Etowah, and Marshall counties in northeastern Alabama. Through four offices, the bank offers a full complement of retail banking products and services, including checking and savings accounts, certificates of deposit, and individual retirement accounts. Its loan portfolio is dominated by one-to-four family residential mortgages and consumer loans, but Southern Bank also writes nonresidential real estate mortgages, business loans, and loans secured by savings accounts.

Key numbers for fiscal year ending June, 2007:
Sales: $5.3M
One year growth: 0.2%
Net income: ($0.2)M

Officers:
Chairman, President, CEO, and CFO: Regional Banks & Thrifts
President and Director: Barry J. Pardon
CFO, Treasurer, and Secretary: Metal Fabrication

Competitors:
Colonial BancGroup
Compass Bancshares
Regions Financial