Southern BancShares (N.C.), Inc.

Southern BancShares (N.C.), Inc. (SBNC) is the bank holding company for Southern Bank and Trust Company, which provides a wide range of banking services to consumers and businesses in Eastern North Carolina and southeastern Virginia. The company offers various deposit products, including checking, savings, money market, demand, and time deposits, as well as certificates of deposit. On the lending side, it provides commercial loans such as construction and land development, agricultural, industrial, commercial mortgages, and Paycheck Protection Program loans, along with non-commercial loans like consumer, residential mortgage, and revolving mortgage loans. Additionally, Southern BancShares offers debit and credit cards, safe deposit boxes, cashier's checks, money orders, check cashing, wire transfers, and internet banking services. It also provides investment services, including brokerage custodial, insurance, and management services, and holds, manages, and sells real estate owned properties.

Southern BancShares (N.C.), Inc. (SBNC) is listed on the OTC Markets OTCID exchange, which is an over-the-counter market in the United States. The company's stock is traded in U.S. dollars (USD). As an OTC-listed stock, SBNC may have lower liquidity and less regulatory oversight compared to stocks on major exchanges like the NYSE or NASDAQ, but it still provides investors with the opportunity to trade shares of this regional bank holding company.

Southern BancShares (N.C.), Inc. (SBNC) operates in the Financial Services sector, specifically within the Banks - Regional industry. This means the company is a regional bank that focuses on providing traditional banking services to local customers in specific geographic areas, rather than operating on a national or global scale. As a regional bank, Southern BancShares offers a mix of commercial and consumer banking products, including loans, deposits, and other financial services, tailored to the needs of individuals and businesses in Eastern North Carolina and southeastern Virginia.

Southern BancShares (N.C.), Inc. is headquartered in Mount Olive, North Carolina, United States. The company, through its subsidiary Southern Bank and Trust Company, serves customers in Eastern North Carolina and southeastern Virginia. This geographic focus allows the bank to build strong local relationships and tailor its products to the specific needs of these communities. Founded in 1901, the bank has a long history of serving the region, offering a full range of banking services from deposits and loans to investment and insurance services.

Southern BancShares (N.C.), Inc. generates revenue primarily through its banking operations, which include interest income from loans and investments, as well as non-interest income from fees and services. The company earns interest on a diverse loan portfolio comprising commercial loans (construction and land development, agricultural, industrial, commercial mortgages, and Paycheck Protection Program loans) and non-commercial loans (consumer, residential mortgage, and revolving mortgage loans). Additionally, it generates fee income from deposit accounts, debit and credit cards, safe deposit boxes, cashier's checks, money orders, check cashing, wire transfers, and internet banking services. The bank also earns revenue through investment services, including brokerage custodial, insurance, and management services, as well as from the sale and management of real estate owned properties.