SouthTrust Bank: Our strength is our people and their dedication to providing the best possible customer experience. Give us a try!
Welcome to SouthTrust Bank
Recent news indicates continuing financial stress for some large banks around the country. Most of the banks in trouble rely heavily on uninsured deposits (as much as 94%) and were ill-prepared for the rapid increase in interest rates we’ve experienced over the past year. As a result, the FDIC and Federal Reserve have stepped in, protecting depositors at the banks that were closed and creating additional sources of funding for all banks.
In contrast, our bank continues to report good performance. Capital, liquidity, asset quality, and profitability are all strong. Please know that you are doing business with a conservative, community-oriented bank that continues to be in great financial shape. For almost 90 years we’ve served our customers and communities through multiple business cycles, focused on providing the kind of personal service that we all value.
Thank you for your continued confidence.
Steve Jackson
President & CEO
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