SouthPoint Bank
SouthPoint Bank is a Birmingham-based bank headquartered at 3501 Grandview Parkway in Birmingham. Steve Smith is president and CEO of the bank which was formed in 2005 by former SouthTrust Bank employees after its acquisition by Wachovia of Charlotte, North Carolina.
SouthPoint opened its first location in the Colonnade Shopping Center in October 2005. In 2007 it announced plans to open a branch and operations center in the former Audio Video Corp. building at 3055 Independence Drive, which developer Vann Corr planned to expand by adding a second floor. That project was never realized. In 2017 the bank reported deposits of $255 million and assets of just over $300 million.
The bank completed its headquarters office in January 2018 on the site of a former Kobe Japanese Steakhouse visible from U.S. Highway 280. It also operates six mortgage offices across the state. In January 2022 SouthPoint Bank acquired the Cullman-based Merchants Bank of Alabama.
Locations
- 3501 Grandview Parkway (January 2018–)
- 7278 Gadsden Highway, Trussville (August 15, 2015–)
- 1101 Main Street (2007–)
- 9833 North Main Street, Wilsonville (September 2014–)
- 8000 Liberty Parkway, Prominence Shops, Liberty Park (October 13, 2020)
Merchants Bank
- 900 2nd Avenue Southwest, Cullman
- 906 Main Street Northeast, Hanceville
- 44 Butler Street, Fairview, Cullman
- 4855 Alabama State Highway 157, Cullman
- 1096 North Brindlee Mountain Parkway, Arab
- Cullman Regional Medical Center (ATM only)
Former locations
- 3500 Colonnade Parkway, Colonnade Shopping Center (October 2005–)
- 7260 Gadsden Highway, Trussville (August 20, 2007–August 2015)
References
- Pruitt, Lori Chandler (September 2005) "Service Comes First" Business Alabama
- Goodman, Sherri C. (March 31, 2007) "SouthPoint Bank looking to add branches." The Birmingham News, p. 1C
- Seale, Michael (August 17, 2015) "SouthPoint Bank opens new Trussville branch." Birmingham Business Journal
- Coker, Angel (January 30, 2018) "SouthPoint Bank moves to new HQ on 280." Birmingham Business Journal
- Thornton, William (August 25, 2021) "SouthPoint Bank, Merchants Bank of Alabama announce merger." The Birmingham News
External links
- SouthPoint Bank website