Information about Lenders
SouthPoint Bank
3500 Colonnade Parkway, Suite 140
Birmingham, AL 35243
Tel. 205-503-5022
Fax. 205-503-5099
www.southpointbanking.com
License # Exempt
General Information
The finest traditions of true community banking are working for our customers at SouthPoint Bank. Founded in 2005, the concept for this institution was born in the summer of 2004, when SouthTrust Corporation announced that regional giant Wachovia was acquiring it. It was at that point that three bankers, boundby commitment to independence and the desire to provide the Birmingham area with a locally based bank, began making plans to open what would become SouthPoint Bank.
SouthPoint Bank President and Chief Executive Officer Steve Smith led the contingent into and through the process of establishing our independent bank. Joined by Frank Battle and Bob Henderson, the trio crafted SouthPoint Bank. But even though the foundation of the Bank rests in our leadership’s dedication to independent community banking, these bankers knew that those principles alone would not allow SouthPoint Bank to thrive and grow. Indeed, SouthPoint Bank would also have to be a competitive, service-oriented, solutions-driven bank with technologies galore and a full array of accounts, loans and other financial services. Behind the Bank’s unique position as a true community bank would have to be substance.
As of early summer, 2007, SouthPoint Bank operates from its 6,000 square foot Administrative Office in The Colonnade while operating a full-service branch at 7260 Gadsden Highway in Trussville. Plans are underway to open two additional locations in the coming months as we extend our brand of banking throughout the metro area.
At SouthPoint Bank, we’re Banking On The Future with comprehensive consumer and commercial accounts, including Internet Banking and loan expertise driven to the tailored needs of individuals and business owners. In particular, our commercial lending experience and abilities provide SouthPoint Bank with advantage as all loan decisions are made locally, reflecting shorter turnaround time on responses...and seasoned lending professionals who understand the unique needs of area businesses.
Local Branch / Office Locations
| ADDRESS |
TELEPHONE NO. |
3500 Colonnade Parkway
Suite 140
Birmingham, AL 35243
Trussville Branch
Gardendale Branch
Huntsville Lending Office |
205-503-5022 |
FEES RELATED TO EACH
LOAN
The
following are fees related to a typical $175,000 purchase loan transaction
in the Birmingham area, with this company. This does not include
points, if any, nor does it include title insurance, local taxes, prepaid interest
payments or prepaid escrow payments for home insurance or real estate
taxes. A more complete list, tailored to your specific loan transaction,
entitled "Good Faith Estimate of Settlement Costs" should
be provided to you when you actually apply for a loan. All fees
are believed to be accurate, but cannot be guaranteed and are subject
to change without notice.
| Appraisal |
350 |
| Credit Report |
15 |
| Application |
|
| Inspection |
|
| Document Prep/Review |
|
| Underwriting |
|
| Processing |
395 |
| Flood Certification |
16 |
| Tax Service |
85 |
| Notary |
|
| Title Co. Closing Fees |
|
| Attorney |
550 |
| Recording |
54 |
| Survey |
|
| Messenger/Courier |
|
| Wire Transfer |
|
| Administrative |
|
| Mortgage Broker Fee |
|
| Funding and Review |
|
| Payment Processing |
|
| Title Ins. (lender's) |
657 |
| City/County Tax |
262 |
| TOTAL |
$2,384 |
Types Of Mortgages Offered |
E-mail questions | Apply on line
Information provided by INFOTRAK National Data Services
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