Southern Banc Company, Inc. (The) operates in the Federal savings institutions sector. The Southern Banc Company, Inc. is a bank holding company for The Southern Bank Company (the Bank). The Bank is primarily engaged in the business of obtaining funds in the form of various savings deposit products and investing those funds in mortgage loans or single family real estate and, to a lesser extent, in consumer loans. The Bank operates through four banking offices located in Gadsden, Albertville, Guntersville and Centre, Alabama. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by one-to-four family residential properties, commercial and consumer loans located in the Bank's primary market area. All of the Bank's mortgage-backed securities are guaranteed as to principal and interest by Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (Freddie Mac) or Federal National Mortgage Association (Fannie Mae). In our complete report available for purchase the company is compared to: Auburn Bancorp, Incorporation, Fairmount Bancorp, Incorporation and Marco Community Bancorp, Inc..