Southern BancShares (N.C.), Inc. SBNC

Company Overview

Southern BancShares (N.C.), Inc. (SBNC) is a bank holding company headquartered in Mount Olive, North Carolina, operating primarily in the community banking sector. Through its wholly owned subsidiary, Southern Bank and Trust Company, the company provides a range of commercial and consumer banking services, including deposit accounts, commercial and retail lending, treasury management, and ancillary financial services. The company operates within the U.S. regional banking industry, serving small to mid-sized businesses, professionals, and individual consumers.

The company’s primary revenue drivers are net interest income from loans and investment securities and non-interest income from service fees, including deposit service charges and loan-related fees. Southern BancShares positions itself as a relationship-focused community bank, emphasizing local decision-making, personalized service, and long-term customer relationships. Founded in 1901 through the origins of its banking subsidiary, the institution expanded through organic growth and targeted acquisitions, evolving into a publicly traded bank holding company listed on NASDAQ under the ticker SBNC.