Southern Bank is excited and humbled to announce that we have been named the best bank in America by Forbes.
For the past 16 years, Forbes has used 11 different metrics to rank America’s Best Banks. Those criteria include growth, credit quality, profitability and stock performance. We’re happy to top a list that also honors our fellow regional and community banks. In particular, Forbes’ system favors prudent banks that keep expenses low while investing in the growth of the communities they serve.
Southern’s commitment to long term performance arises from our core values. Building on a strong foundation of service since 1901, we cultivate long-term personal relationships with our clients across North Carolina and Virginia. That close connection helps us to empower them with the financial tools they need to thrive, both now and into the future. To us, being the best bank in America comes down to our day-to-day relationships, not just the number of awards we win.
"Our team is incredibly proud to land at #1 on Forbes’ Best Banks of 2025 list,” says Southern Bank CEO Drew Covert. “This is a testament to our long-term investment strategy and our unwavering commitment to our relationship-based banking model, which focuses on understanding and meeting the unique needs of our customers. It reflects our dedication to nurturing long-term relationships in our communities and our relentless pursuit of excellence in every aspect of our organization. We are honored to be recognized for the values that define us, and we look forward to continuing to serve our customers with empathy and integrity."
At Southern Bank, we’re never content to rest on our laurels. We’re proud to be called the best bank in America, but we're already focusing on what's next. That includes driving our brand forward and ensuring we offer the latest tools in digital banking and customer convenience. At the same time, we’ll always come back to the personalized, relationship-first service that has made us a fixture in our communities for nearly 125 years.
We share this honor with our dedicated employees, the generations of customers and clients who have stood by us, and the communities we’re proud to call our home.
