New South Federal Savings Bank

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New South Federal Savings Bank (formerly Collateral Investment Company) is a thrift headquartered in Birmingham. It has $1.9 billion in assets and operates 28 loan production offices in the Southeastern United States. The company's headquarters are located in the former Jackson Building at 215 Richard Arrington, Jr Boulevard in Birmingham, and it operates one full-service retail banking office at 210 Automation Way just off Crestwood Boulevard in Irondale. Based on asset size New South is Alabama's largest thrift and the seventh largest depository institution.

The company was founded by W. T. Ratliff in 1933 as the Collateral Investment Company. New South Bank was incorporated as a subsidiary chartered by the Federal Home Loan Bank in 1985. In 2004 the company acquired Umbrellabank.com, an internet bank.

New South's president and CEO is Will Ratliff who resumed duties after the departure of David Larson, a growth specialist who was brought in in 2006.

References

  • Jarvis, Crystal (June 23, 2009) "New South Federal CEO leaves." Birmingham Business Journal

External Links

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