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SouthPoint Bancshares Under Regulatory Watch | Birmingham News
SouthPoint Bancshares is under a new federal and state regulatory agreement requiring it to submit a detailed 60-day plan to ensure financial stability, including capital maintenance and cash-flow forecasts — with quarterly updates — while also being banned from paying dividends, buying back stock, or taking on new debt without regulator approval. This follows an existing agreement for its bank subsidiary and signals heightened oversight, though the bank remains operational and customer deposits are secure. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn…
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