Southern Bancorp Steps Up for Small Businesses
Southern Bancorp’s 2015 annual report describes the institution's growing impact. In 2015, Southern provided 2,726 individuals and families with financing for affordable housing and homeownership. It also supported 4,419 jobs through commercial, small business and microloans – over 75% of which were made in low to moderate income census tracts. Roger Perry was one entrepreneur who thrived with help from Southern. Roger built his auto detail business one car and one client at a time. It was that tenacity that attracted the attention of Southern Bancorp to provide the financial and technical assistance access needed for him to build a facility in which he and his employees could wash cars year round. Today, RP Detail is a thriving testament to the spirit of entrepreneurship.