First Southern Bank: A Comprehensive Guide to Banking in Florence, AL

Overview

First Southern Bank is a trusted financial institution headquartered in Florence, Alabama. Established in 1887, the bank has grown to serve customers throughout the region with a wide range of banking and financial services. With its commitment to customer satisfaction, financial stability, and community involvement, First Southern Bank has become one of the leading financial providers in the Florence area.

Services Offered

First Southern Bank offers a comprehensive suite of products and services to meet the financial needs of individuals, families, and businesses. These include:

• Personal Banking: Checking and savings accounts, debit cards, online banking, and mobile banking
• Business Banking: Commercial lending, treasury management, and payroll services
• Mortgage Lending: Home loans, refinancing options, and construction loans
• Wealth Management: Investment advisory services, trust accounts, and estate planning
• Online Services: Convenient access to account information, bill pay, and financial tools

Financial Stability

First Southern Bank maintains a strong financial position, consistently earning high ratings from independent credit agencies. As of December 2022, the bank had a Tier 1 risk-based capital ratio of 11.9%, well above the industry average. The bank also has a strong track record of profitability, with net income of over $50 million in 2022.

Community Involvement

First Southern Bank is deeply committed to supporting the Florence community. The bank sponsors numerous charitable organizations, volunteer initiatives, and community events. In 2022, the bank donated over $1 million to local causes.

Benefits of Banking with First Southern Bank

• Local Presence: First Southern Bank is headquartered in Florence, AL, providing convenient access to branches and ATMs.
• Personalized Service: The bank's experienced staff provides personalized banking services tailored to each customer's individual needs.
• Strong Financial Position: First Southern Bank maintains a strong financial position, ensuring the security of customer deposits.
• Community Involvement: The bank actively supports the Florence community, giving back through charitable donations and volunteer initiatives.
• Convenience: First Southern Bank offers a wide range of online and mobile services, making it easy to manage finances from anywhere.

How to Open an Account

Opening an account with First Southern Bank is quick and easy. You can visit a branch in person, call customer service at 256-766-7500, or apply online at www.firstsouthern.com. The bank requires the following information:

• Government-issued photo ID
• Social Security number
• Proof of address
• Initial deposit

Tips and Tricks

• Take advantage of the bank's online and mobile banking services to conveniently manage your finances.
• Use the bank's budgeting tools to track your expenses and stay on top of your finances.
• Set up automatic transfers to savings accounts to save money automatically.
• Ask a banker about special promotions and discounts offered by the bank.

Common Mistakes to Avoid

• Avoid overdraft fees by monitoring your account balance and avoiding unnecessary transactions.
• Be aware of monthly account fees and choose an account that fits your needs.
• Don't apply for too many credit cards at once, as this can negatively impact your credit score.
• Don't share your PIN or login information with anyone.

Frequently Asked Questions (FAQs)

Q: What are the hours of operation for First Southern Bank branches?
A: Most branches are open Monday-Friday, 9am-5pm, and Saturday, 9am-12pm.

Q: How do I reset my online banking password?
A: You can reset your password online or by calling customer service at 256-766-7500.

Q: What is the minimum balance required to open a checking account?
A: The minimum balance requirement varies depending on the account type. Please contact the bank for specific information.

Q: Does First Southern Bank offer overdraft protection?
A: Yes, the bank offers overdraft protection options to eligible customers.

Q: Can I use my First Southern Bank debit card anywhere?
A: Your debit card can be used anywhere that accepts Visa cards.

Q: What is the routing number for First Southern Bank?
A: The routing number is 083001264.

Tables

Table 1: First Southern Bank Financial Performance

Table 2: First Southern Bank Service Fees

Table 3: First Southern Bank Customer Satisfaction Survey Results