BankSouth

What BankSouth does

BankSouth is a privately held Georgia community bank headquartered in Greensboro, operating as a federal savings bank with approximately $1.6 billion in assets under management across 6 branches and 8 ATMs concentrated in Georgia growth corridors (Lake Oconee/Greensboro, Atlanta-Buckhead, Savannah, Watkinsville-Athens, and an on-site branch at the Hyundai Metaplant America facility in Ellabell). The bank traces its roots to The Citizens Bank (founded 1946) and Bank of Union Point (founded 1911), adopting the BankSouth name in 2004, and serves individuals, families, small to medium-sized businesses, home buyers, and builders with a relationship-driven, locally-decided banking model.

The bank offers a full suite of personal and commercial banking products—checking, savings, money market, CDs, IRAs, credit cards, personal lending (HELOCs, construction, land/lot, bridge loans), commercial real estate and equipment lending, treasury management (ACH, remote deposit capture via ProfitStars, merchant services), and mortgage origination through its wholly-owned subsidiary BankSouth Mortgage Company, LLC (NMLS #690971). Technology infrastructure centers on the FIS Horizon core banking platform (migration completed May 2026), integrated with the Code Connect API marketplace and digital wallet support (Apple Pay, Google Pay, Samsung Pay), plus a mobile app (iOS/Android), ReadyLoan mortgage platform, and money management tool.

Revenue is generated primarily through net interest income on loans and deposits, supplemented by transaction-based fees (deposit account fees, interchange on debit/credit cards, wire transfers, overdraft, safe deposit boxes), mortgage origination fees through BankSouth Mortgage, and treasury management service charges. Pricing follows a tiered subscription model for personal checking ($0-$8 monthly, waivable under various conditions) and business checking (Professional: $0 up to 150 transactions, then $0.25/item; Executive: $5 monthly plus $0.18/item above 150). The go-to-market motion is sales-led and consultative, executed through dedicated bank officers and business development officers at each branch.

Name

BankSouth

Legal name

BankSouth

Website

https://banksouth.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

251–500 employees

Short description

BankSouth is a privately held Georgia community bank headquartered in Greensboro with approximately $1.6 billion in assets, serving individuals, families, SMBs, and home buyers through 6 branches and a relationship-driven, locally-decided banking model spanning Lake Oconee, Atlanta, Savannah, Watkinsville, and the Hyundai Metaplant facility.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (522110)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Personal banking
• Business banking
• Mortgage lending
• Commercial lending

Headquarters

HQ city

Greensboro

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income earned on loans (personal, business, mortgage, commercial real estate) minus interest paid on deposits. Core revenue driver for community bank.
2. Non-Interest Income - Banking Fees: Monthly maintenance fees on checking accounts, ATM fees, wire transfer fees, overdraft fees, safe deposit box rental, and other service charges.
3. Mortgage Lending (BankSouth Mortgage): Mortgage origination and lending through BankSouth Mortgage Company, LLC, a wholly-owned subsidiary. Revenue from mortgage origination fees and interest on mortgage loans.
4. Credit Card Revenue: Interchange fees on debit and credit card transactions, annual fees on credit cards, and interest charges on outstanding balances.
5. Treasury Management Services: Fees for ACH services, merchant services, remote deposit capture, and other cash management solutions for business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

BankSouth is a privately held community bank headquartered in Greensboro, Georgia, offering personal banking, business banking, mortgage lending, and treasury management services through six branches and a digital platform. The bank provides deposit accounts, consumer and commercial loans, credit cards, and cash management solutions to consumers, small businesses, and home buyers across Georgia. It operates the FIS Horizon core banking platform and a wholly-owned mortgage subsidiary, BankSouth Mortgage Company, LLC.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Flexible personal checking accounts including Complete Checking (premier with rewards), Performance Checking (interest-earning), Simple Checking (basic low-requirement), and Young Adult Checking for students under 24. Monthly maintenance fees are waivable with minimum balances or transaction activity.
• Personal Savings Accounts Personal savings options including standard Personal Savings and Kids Savings accounts with minimum opening balances, monthly maintenance terms, and free withdrawal limits per statement cycle.
• Money Market Accounts Tiered interest-bearing money market accounts with check-writing ability and up to eight fee-free debits per statement cycle, designed for customers saving toward specific goals.
• Certificates of Deposit (CDs) Fixed-term CDs with terms from 3 to 60 months and minimum opening deposit of $1,000 for standard terms. Interest paid monthly, quarterly, or annually.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings including Traditional IRA (pre-tax contributions), Roth IRA (after-tax contributions), and SEP IRA (for self-employed and small business owners).
• Personal Credit Cards Visa credit cards including Platinum Benefits (no annual fee, 0% introductory APR for 7 billing cycles) and Cash Back Platinum (1% cash back with no spending limits).
• Personal Lending Solutions Comprehensive personal lending including home equity lines of credit, home equity loans, residential construction and remodeling loans, land and lot loans, bridge loans, automobile/boat/RV loans, and personal loans and lines of credit.
• Mortgage Services Residential home purchase and refinance mortgage solutions provided through BankSouth Mortgage Company, LLC (NMLS #690971), including purchase mortgages, refinancing, construction-to-permanent loans, and home equity mortgages, with dedicated mortgage branches in Atlanta and Savannah.
• Business Checking Accounts Commercial checking accounts including Professional Business Checking (no fees up to 150 monthly transactions), Executive Business Checking (higher volume), Business Interest Checking (for nonprofits), and IOLTA accounts for attorney trust funds.
• Business Savings Accounts Business savings accounts designed for commercial customers to hold operating reserves and earn interest, paired with business checking relationships.
• Business Lending Services Commercial financing for businesses including business credit cards, business lines of credit, commercial real estate loans (retail, office, industrial, multi-family, hospitality, assisted living, self-storage), equipment loans, and business real estate financing.
• Treasury Management Services Cash management services for businesses including ACH payment services, fraud prevention tools, wire transfers, remote deposit capture, merchant services, and dedicated business online banking.
• Safe Deposit Boxes Safe deposit boxes available in multiple sizes (2x5 through 10x10) with annual rent ranging from $25 to $100 based on size, available at branch locations.

Quantifiable outcome

• Reduced fintech integration time-to-market from months to weeks
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• FIS (Fidelity National Information Services)coreTechnology or Integration · 1 May 2026BankSouth selected FIS as its core banking platform provider, migrating to the FIS Horizon system across retail and business banking operations. The partnership includes Code Connect API integration for open banking capabilities and AI-powered tools for fraud prevention and predictive analytics. Implementation is expected to be carried out by Sequence Holdings.
• Sequence HoldingscoreImplementation/ SI/ Consulting Partner · 1 March 2026BankSouth began working with Sequence Holdings in March to support the FIS Horizon core banking migration. Sequence Holdings embeds engineers with experience from Palantir, Lone Pine, and Silver Lake to drive technology transformation. The partnership combines BankSouth's 80 years of community banking excellence with frontier technology.
• Hyundai Motor Group Metaplant America (HMGMA)coreStrategic or Co-development Partner · 1 April 2025BankSouth partnered with Hyundai Motor Group Metaplant America to provide dedicated banking support to the Metaplant workforce (Meta Pros). The partnership includes an on-site banking branch and ATMs inside the Bryan County facility in Ellabell, GA, opened January 2026. Financial wellness classes are also offered to Hyundai employees.
• Coldwell Banker Lake Oconee RealtyminorStrategic or Co-development PartnerBankSouth works with Coldwell Banker Lake Oconee Realty, the Lake Country's real estate market leader and Reader's Choice Winner 2012-2023, to provide comprehensive home buying services including mortgages, land loans, and custom builds.
• BankSouth Mortgage Company, LLCcoreOthersBankSouth Mortgage Company, LLC is a wholly-owned subsidiary of BankSouth (NMLS #688851), providing mortgage origination services. The mortgage company operates as a separate legal entity but shares the BankSouth brand and commitment to customer service. NMLS #690971.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Pinnacle Financial Partners: Tennessee-headquartered community bank with a relationship-banking, local-decision-making model similar to BankSouth. While its core geography does not overlap with BankSouth, the shared focus on banker-led SMB and consumer banking makes it a strong strategic comparable.
• First National Bank of Georgia: Small Georgia community bank with similar retail, small-business, and mortgage offerings aimed at Georgia consumers and SMBs. Closely comparable scale and customer profile to BankSouth, making it a useful benchmark for community bank economics in the state.

Broad incumbents

• Truist Financial: One of the largest Southeast banks with deep Georgia retail, mortgage, and small-business presence. Competes with BankSouth for the same SMB and consumer deposits in Atlanta, Savannah, and coastal Georgia, though with substantially larger balance sheet and digital capabilities.
• SouthState Corporation: Southeast regional bank with significant Georgia deposit base and community banking DNA from predecessor franchises. Comparable customer segments and product set, but with substantially larger AUM, more sophisticated treasury management, and stronger digital investment capacity.
• Cadence Bank: Southeast and Texas regional bank with community banking roots, SMB treasury management, and mortgage origination. Comparable in product mix and SMB orientation, but materially larger and more geographically diversified than BankSouth.
• Synovus Financial: Columbus, GA-headquartered regional bank serving consumers, SMBs, and commercial clients across the Southeast. Overlaps with BankSouth in Georgia retail and business banking but operates at meaningfully greater scale with broader treasury and capital markets capabilities.

Direct peers

• United Community Banks: Southeast-focused community bank with deep Georgia, North Carolina, and Tennessee branch footprints. Comparable relationship-banking model, similar SMB and consumer product mix, and a track record of in-market acquisitions that mirrors BankSouth's growth playbook.
• Colony Bankcorp: Georgia-headquartered community banking holding company with a similar mix of retail, small-business, and mortgage lending across rural and metro Georgia markets. Highly comparable to BankSouth in customer profile, product set, and regional growth strategy.
• Renasant Corporation: Southeast community bank with operations across Mississippi, Alabama, Tennessee, Georgia, and Florida. Comparable in being a relationship-led community bank with mortgage, CRE, and SMB lending focus, and in pursuing growth through community bank acquisitions.
• Ameris Bancorp: Georgia-based community bank that has scaled aggressively through both organic growth and acquisitions of smaller community banks. Closely comparable to BankSouth in deposit-funded community banking model, CRE/construction lending expertise, and Southeast M&A posture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/banksouthmtg
• YouTubeyoutube.com/@banksouth_
• Facebookfacebook.com/BankSouth
• LinkedInlinkedin.com/company/banksouth
• Instagraminstagram.com/banksouth/?hl=en

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BankSouth