From our goal to the places, Southern Bancorp was another financial institution that has been created in order to assist strengthen underserved organizations because of monetary accessibility and investment. By the combining old-fashioned financial and you will financing functions having monetary creativity gadgets anywhere between borrowing from the bank guidance to personal rules advocacy, Southern area Bancorp support underserved parents and you may organizations develop economically healthier – aside from area code. South Bancorp’s purpose will be to create economic opportunity during the rural and you can underserved groups giving in control and responsive lending products and you will functions one balance earnings having mission.
1 million inside assets. At the time of , Harbor Bank’s assets was in fact $241 mil. The bank conducts standard banking organization from inside the eight branch urban centers and you can generally provides new Baltimore, Maryland Urban urban area. The financial institution has also a branch into the Riverdale, Prince George’s Condition, Maryland. The new Harbor Bank also offers checking, discounts, date dumps, handmade cards, debit cards, commercial a residential property, personal, do-it-yourself, car, or other fees and you may title fund. The financial institution is even a member of a district and you may national Atm network. Brand new shopping nature of your own Lender allows diversification regarding depositors and borrowers it is therefore not based mostly on just one or a number of users. The lending company are pleased with as the first community lender for the the world to possess an investment Part, Harbor Economic Attributes. [Read more…]