# SOUTHERN BANCSHARES NC INC — Form D

SOUTHERN BANCSHARES NC INC of MOUNT OLIVE, NC, a company, filed a Form D exempt-offering notice with the SEC on 2021-06-24. The offering totals $80.0M, of which $80.0M was reported sold. Industry: Commercial Banking.

## Offering

- Filed: 2021-06-24
- Form: D
- Accession: 0000703904-21-000002
- Industry: Commercial Banking
- Exemptions: 06b
- Total offering: $80.0M
- Amount sold: $80.0M
- Minimum investment: $100K
- Investors: 37
- Date of first sale: 2021-06-16
- Security types: debt
- Revenue range: Over $100,000,000
- SEC file number: 021-404133

## Issuer

- Name: SOUTHERN BANCSHARES NC INC
- CIK: 0000703904
- Entity type: Corporation
- Jurisdiction: DELAWARE
- Address: 116 EAST MAIN STREET, MOUNT OLIVE, NC, 28365
- Phone: 9196587000

## Officers, directors & promoters (30)

_Showing 25 of 30 people._

| Name | Role | Location |
| --- | --- | --- |
| Julian R Aycock | Director | Mount Olive, NC |
| William H Bryan | Director | Mount Olive, NC |
| Hope H Bryant | Director | Mount Olive, NC |
| Joel K Butler | Director | Mount Olive, NC |
| Michael L Chestnutt | Director | Mount Olive, NC |
| Drew M Covert | Director | Mount Olive, NC |
| Olivia B Holding | Director | Mount Olive, NC |
| G Rouse Ivey | Director | Mount Olive, NC |
| J Grey Morgan | Director | Mount Olive, NC |
| John C Pegram Jr. | Director | Mount Olive, NC |
| Thomas R Sallenger | Director | Mount Olive, NC |
| Malcolm R Sullivan Jr | Director | Mount Olive, NC |
| Jerry C Alexander | Executive Officer | Mount Olive, NC |
| Michael T Bryant | Executive Officer | Mount Olive, NC |
| Edward I Coltrain | Executive Officer | Mount Olive, NC |
| Drew M Covert | Executive Officer | Mount Olive, NC |
| Dan R Ellis Jr | Executive Officer | Mount Olive, NC |
| L Taylor Harrell | Executive Officer | Mount Olive, NC |
| Sondra F McCorquodale | Executive Officer | Mount Olive, NC |
| Robert E Wood | Executive Officer | Mount Olive, NC |
| Malcolm L Sullivan | Director | Goldsboro, NC |
| Michael S Ives | Director | Norfolk, VA |
| Bynum R Brown | Director | Murfreesboro, NC |
| John C Pegram | Director | Chapel Hill, NC |
| G. Rouse Ivy | Director | Mount Olive, NC |

## Other filings by this issuer (1)

| Filed | Form | Offering | Sold |
| --- | --- | --- | --- |
| [2015-11-02](https://search.stillhousedata.com/formd/0000703904-15-000003) | D | $48.5M | $48.5M |

## More

- [CIK 703904 on SEC EDGAR (source of record)](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=703904&type=&dateb=&owner=include&count=40)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/formd/0000703904-21-000002.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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