Southern Banc Company Inc (SRNN) Gagner

The Southern Banc Co., Inc. operates as a bank holding company. The company is headquartered in Gadsden, Alabama. The principal business of the Bank consists of accepting deposits from the general public through the Bank’s main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in its primary market area, and factoring. Its securities portfolio consists of mortgage-backed securities, municipal securities and government agency securities, including agency notes. Its full-service branch locations in Northeast Alabama offer banking solutions for every personal banking need including personal checking, mortgage loans, consumer loans, and home equity lines of credit. The company operates a division that conducts accounts receivable management. The company works with small and medium-sized business customers to offer practical solutions for deposit and borrowing needs. Its business banking services include real estate lending and equipment financing.