Investor Relations

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 $1.07 billion in assets. The bank has ten 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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Executive Team

J. Stephen Smith

Director, Chairman, 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.

W. Clark Rainwater

EVP, CFO

Clark Rainwater serves as Chief Financial Officer of the bank. Previously Mr. Rainwater served as CFO of Merchants Bank of Alabama before transitioning to SouthPoint Bank during the merger.

Howard L. Myers, Jr

EVP, CLO

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.

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.

Robert L. Richardson, Jr.

EVP, Central Alabama Market President

Robert L. “Rob” Richardson serves as the Central Alabama Market President. Mr. Richardson brings twenty-six (26) years of financial sales experience to the Bank. Previously, he worked in sales and executive management with Southern States Bank, First Partners Bank, Community Trust & Banking and The Bankers Bank.

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.

William B. Jones III

EVP, Chief Credit Officer

William B. “Bill” Jones serves as the Chief Credit Officer of the Bank. Mr. Jones brings fourteen (14) years of commercial lending experience to the Bank. Previously, he worked in credit risk and underwriting at ServisFirst Bank, National Bank of Commerce and Regions Bank.

C. Lynn Woodall

EVP, Chief Risk Officer, Attorney

C. Lynn Woodall serves as Chief Risk Officer of the Bank. Mrs. Woodall brings twenty-one (21) years of banking, mortgage, compliance and legal experience. Previously, Mrs. Woodall worked in the legal and regulatory compliance departments for Iberiabank and Reli Title.

Board of Directors

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.

Ms. Cummings has served on the board of directors for SouthPoint Bank since September 2007. She has served on the board of the holding company since its incorporation in May 2016. Ms. Cummings is a Certified Public Accountant and director of Kassouf & Company, P.C.

Mr. Glasscock has served on the board of directors for both SouthPoint Bank and the holding company since January 2022. Mr. Glasscock previously served as Chairman of the Merchants Bank of Alabama Board of Directors.

Dr. Harmon has served on the board of directors for SouthPoint Bank since its incorporation in October 2005. He has served on the board of the holding company since its incorporation in May 2016. Dr. Harmon is a dermatologist and owner of Surgical Dermatology Group.
Mr. Henderson has served on the board of directors for SouthPoint Bank since its incorporation in October 2005. He has served on the board of the holding company since its incorporation in May 2016. Mr. Henderson is retired from SouthTrust Bank where he served as Retail Branch Administrator.
Mr. Jolly has served on the board of directors for both SouthPoint Bank and the holding company since May 2018. He is the CEO of Retail Specialists, LLC and the CEO of Retail Strategies, LLC.
Mr. McGough has served on the board of directors for SouthPoint Bank since its incorporation in October 2005. He has served on the board of the holding company since its incorporation in May 2016. Mr. McGough is the Vice President of Finance at Thompson Tractor Co, Inc.

Mr. Ratliff has served on the board of directors for both SouthPoint Bank and the holding company since January 2022. Mr. Ratliff previously served on the board of Merchants Bank of Alabama.

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, visit BancList.

BancList Shareholder Information

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Transfer Agent

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

Information Sheet

Request to Transfer Stock Form

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.