Southern Bankshares, Inc.

About Southern Bankshares, Inc.

The Claxton Bank is a community-focused financial institution dedicated to providing personalized banking services. With a commitment to customer care, TCB aims to build wealth and opportunities for its clients through a team of experienced bankers who offer support in person, by phone, and online, treating customers like family.

Products & Services

Personal Banking:Includes checking accounts, savings accounts, credit cards, loan products, mortgage loans, digital banking, and other services tailored for individual customers.

Business Banking:Offers business accounts, credit cards, lending, commercial real estate financing, treasury management, digital banking, and other services for businesses.

Digital Banking (iBankTCB App):A mobile app providing instant access to account information, balance checking, debit card management, instant money transfers, and bill payments.

Debit Card Push Provisioning:A feature for easily adding debit cards to mobile wallets via the mobile app with a simple tap.

WebRDC Merchant Capture:A mobile capture solution for businesses to deposit checks remotely by taking photos, supporting batch deposits for efficiency.

Tools & Resources:Includes financial literacy resources, wellness articles, product tips, calculators, small business support, and forms.

Specialties

Community Banking Digital Banking Solutions Treasury Management Personal and Business Loans Mortgage Services

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Private Placement T: - FT: Private Placement	A: 20000000 MR: - FA: $20 million FAN: 20000000	D: 2024-07-11 FD: 2024-07-11	-

Private Placement Latest

2024-07-11

$20.0M

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

T

Troy A. Poulin

SVP, Chief Information Officer

R

Ralph A Dixon

Educator and Businessman

V

Val Holton

SVP, Claxton Market Leader

P

Philip Williams

TCB Claxton Rotary Ambassador

C

Chris Raiford

VP, Richmond Hill Market Leader

S

Scott Verlander

President & CEO

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