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SouthPoint Bank

SouthPoint Bancshares, Inc. (SOUB) is the parent company of SouthPoint Bank and Merchants Bank of Alabama, a division of SouthPoint Bank. SouthPoint was founded in 2005 in Birmingham, Alabama. Merchants Bank of Alabama was founded in 1907 in Hanceville, Alabama, and merged with SouthPoint Bank in January 2022. The bank has approximately $1.7 billion in assets. The bank has 11 branches in Birmingham, Liberty Park, Gardendale, Trussville, Wilsonville, Cullman, Arab and Hanceville, as well as six mortgage branches throughout the state.

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Press Releases

What Small Business Owners in North Alabama Should Know About Business Loans

Business Loans Are More Accessible Than You Might Think If you have ever thought about applying for a business loan and felt overwhelmed before you even started, you are not alone. Between the paperwork, the terminology, and the uncertainty of the approval process, it is easy to put it off. But for many small business…

Why Banking Local Still Matters: The Economic Impact on Cullman County

Where You Bank Actually Matters In a world where you can open a bank account from your couch and transfer money with a few taps on your phone, it is easy to think that where you bank does not really matter anymore. But for communities like Cullman County, Alabama, it absolutely does. Banking local is…

How to Spot a Banking Scam Before It Happens

Scammers Are Getting Smarter. Here Is What You Need to Know. Banking scams are not just a problem for the elderly or the uninformed. They target everyone, and they are getting harder to spot. According to the FTC’s Consumer Sentinel Data Book for 2023, consumers reported losing more than 10 billion dollars to fraud that…

How to Choose the Right Checking Account for Your Lifestyle

Not All Checking Accounts Are the Same When you walk into a bank or browse online, you will find that checking accounts come in a lot of different shapes and sizes. Some come loaded with perks, while others come loaded with fees. Knowing how to choose the right checking account can save you money and…

What Happens to Your Bank Accounts When You Move? A Relocation Checklist

Moving to North Alabama? Your Banking Needs Attention Too Whether you are relocating to Cullman for a new job, settling down in Arab near family, or moving to Hanceville to be closer to Wallace State Community College, a move comes with a long to-do list. Banking does not always make it to the top, but…

Cash Flow Management Tips for Alabama Small Business Owners

Why Cash Flow Is the Lifeline of Every Small Business Running a small business in Alabama comes with a lot of moving parts. Between paying staff, ordering inventory, and covering overhead, it is easy for your cash flow to get off track. A U.S. Bank study cited widely by SCORE and SBA-affiliated resources found that…

J. Stephen Smith

Director, President and CEO

J. Stephen “Steve” Smith serves as the Chairman, President and CEO of SouthPoint. He also serves on the Bank’s Board of Directors and was one of the original founders of the Bank. Mr. Smith has over thirty-three (33) years of banking experience in Alabama and previously worked at SouthTrust Bank.

Bill Logan

EVP, Chief Credit Officer

Bill Logan serves as Executive Vice President and Chief Credit Officer, bringing over 37 years of experience in the financial services industry with a strong background in credit administration. Known for his strategic insight and leadership, his deep expertise in credit enhances the bank’s overall strategy and strengthens its risk management framework.

C. Lynn Woodall

EVP, Chief Risk Officer, Attorney

Lynn Woodall is the Executive Vice President, General Counsel, and Chief Risk Officer at SouthPoint Bank. With 25 years of experience in banking, legal, and compliance sectors, she brings extensive expertise to her role. Lynn’s in-depth understanding of regulatory and risk-related matters significantly contributes to the bank’s performance, ensuring its ongoing strength and stability.

Charles R. NeSmith

EVP, North Alabama Market President

Charles R. “Charlie” NeSmith serves as North Alabama Market President. Previously Mr. NeSmith served as CEO and President of Merchants Bank of Alabama before transitioning to SouthPoint Bank during the merger. Mr. NeSmith runs the Merchants Bank of Alabama, a division of SouthPoint Bank, branches in the Cullman and Marshall County markets.

Frank K. Battle

EVP, Private Banking

With over 36 years of experience in banking, Frank is dedicated to helping clients achieve their long-term financial goals through personalized solutions and strategic insight. He plays a pivotal role in shaping the bank’s private banking initiatives and brings valuable expertise in operations, credit administration, and business development.

Howard L. Myers, Jr

EVP, Chief Lending Officer

Howard L. “Howie” Myers serves as Chief Lending Officer of the Bank. Mr. Myers brings twenty (20) years of commercial banking experience to the Bank. Previously Mr. Myers worked in the commercial banking division of Colonial Bank, Compass Bank and Red Mountain Bank.

Mark Woods

EVP, Government Lending

Mark Woods serves as the Executive Vice President of Government Guaranteed Lending. With over a decade of banking and financial experience, Mark excels in driving innovation and fostering growth. His commitment to customer service and community engagement has positioned SouthPoint Bank as a trusted SBA partner in the region. His expertise in risk management and operational efficiency enhances the bank's performance, ensuring ongoing success.

Randolph S. Brown

EVP, Home Mortgage Lending

Randolph S. “Randy” Brown, joined the Bank in August of 2010 bringing with him more than 26 years of mortgage lending experience. Prior to SouthPoint, Randy worked for 16 years with New South Federal Savings Bank as well as time at Regions Bank and two independent mortgage banking companies.

W. Clark Rainwater

EVP, Chief Financial Officer

Clark Rainwater serves as Chief Financial Officer of the bank, bringing over 30 years of experience in the banking and financial industry. Previously, Mr. Rainwater served as CFO of Merchants Bank of Alabama before transitioning to SouthPoint Bank during the merger.

Board of Directors

J. Stephen Smith - Director, President and CEO

Tommie G. Cummings - Director

David G. Moss, Jr. - Director

Christopher B. Harmon - Director

Robert L. Henderson - Director

Robert R. Jolly, Jr. - Director

Thomas H. McGough - Director, Chairman

Andrew J. Ratliff - Director

Stock Trades

The stock of SouthPoint Bancshares, Inc. is listed on the OTC Bulletin Board under the symbol “SOUB”.

For information about selling SouthPoint Bank stock or purchasing additional stock, contact your broker orClark Rainwater at 256-734-8110 or crainwater@southpoint.bank.

Transfer Agent

Computershare is the stock transfer agent and registrar for SouthPoint Bank.

Forward-Looking Statements

Certain statements on and linked from this page contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “target,” “plan,” “project,” “continue,” or the negatives thereof, or other variations thereon or similar terminology, and are made on the basis of management’s plans and current analyses of the Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. The above factors, in some cases, have affected, and in the future could affect the Company’s financial performance and could cause actual results to differ materially from those expressed or implied in such forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

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