Bank · FDIC insured
Southern Bank
A $407.9M bank headquartered in Spartanburg, SC, with 4 branches in South Carolina. Best rates: CDs 5.00% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—5.00%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Southern Bank
Founded to combine big-bank technology with personal community banking, The Southern Bank serves a footprint across South Carolina and Georgia, with branches opening in Greenville and Spartanburg.
- Headquarters
- 468 E Main St, Spartanburg, SC 29302
- FDIC certificate
- 16288 ↗
Branches
4 branches in South Carolina
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South Carolina
4 branches
Spartanburg area · 1
- Southern BankMain office468 E Main St, Spartanburg, SC 29302Directions
Aiken area · 1
- Aiken Branch108 Barnwell Avenue Nw, Aiken, SC 29801Directions
Greenville area · 1
- Cleveland Street Greenville Branch101 Cleveland St, Greenville, SC 29601Directions
Myrtle Beach area · 1
- Myrtle Beach Branch1312 Professional Dr, Myrtle Beach, SC 29577Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.18% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.28% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.10% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $74 | $81 | — |
- CapitalLeverage ratio8.18%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.28%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.10%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$74Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Southern Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.