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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

5 Digital Banking Tools That Make Everyday Money Management Simple

Banking Used to Mean Standing in Line Not long ago, managing money meant driving to a branch, waiting in line, and hoping you made it before closing time. That world is mostly gone. Today, checking a balance, moving money, or depositing a check happens from a phone in under a minute, thanks to digital banking…

How Local Business Banking Builds Stronger Communities (and Stronger Bottom Lines)

The Bank Down the Street Still Matters Ask small business owners in Birmingham who they trust most with their money, and you will rarely hear the name of a distant national chain. Most point to a banker they know by name, someone who picked up the phone the last time cash flow got tight. That…

How Online Banking Helps Small Businesses Grow During the Busiest Months

The busiest months of the year can feel exciting and stressful for small business owners. More customers, more orders, and more payments usually mean good things for growth. But they also create more financial activity to manage every single day. That’s where online banking becomes incredibly helpful. Instead of spending time driving to a branch…

The Overlooked Value of Personal Banking Solutions and Why It Matters

Most people don’t think about their bank until they need help. Maybe a payment doesn’t go through. Maybe you’re trying to save more but aren’t sure where to start. Or maybe you’re wondering if your accounts are actually helping you reach your goals. That’s when personal banking solutions start to matter. Instead of figuring everything…

The Ultimate Guide to Home Loan Options for Spring and Summer Homebuyers

It usually starts with a simple moment. Maybe you are driving through Homewood on a sunny Saturday and notice a “For Sale” sign. Or maybe you are scrolling through listings late at night and thinking it might finally be time to buy a place of your own. That excitement often turns into questions pretty quickly.…

6 Smart Financial Planning Tips for a Midyear Reset

Many people start the year with clear financial goals. But by the time summer arrives, things often look a little different. Spending habits change, savings slow down, and life gets busy. That is why a midyear reset can be so helpful. A few practical financial planning tips can help you pause, review your progress, and…

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 or Clark 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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