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Southern Banc Company, Inc. (The) - Company Profile Snapshot

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Company Profile: Southern Banc Company, Inc. (The)
Ticker: SRN
Exchanges: ASE
2009 Sales: 4,816,000
Major Industry: Financial
Sub Industry: Savings & Loan
Country: UNITED STATES
Employees: 31

Business Description
Southern Banc Company, Inc. (The). The Group's principal activity is to provide financial services through its four banking offices. The Group is an independent community-oriented savings institution providing quality customer service. The Group offers banking services through its holding bank, The Group operates in four banking offices located in Gadsden, Albertville, Guntersville and Centre, Alabama. The Group's lending activities consists of the origination of loans secured by mortgages on one-to-four-family residences and a variety of consumer loans in the Group's market area. The Group also makes limited amounts of non-residential real estate loans and commercial loans. The Group attracts deposits principally from within its market area by offering a variety of deposit instruments, including regular checking, passbook, statement savings accounts and certificates of deposit, which range in term from seven days to ten years.

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