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Southside Bancshares
Southside Bancshares

-4.65%

Financial services / Banking and Financial Services

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Company Overview

General information about the Southside Bancshares company
Southside Bancshares is a Texas-based bank holding company that was founded in 1960. The company operates under its subsidiary, Southside Bank, which provides a range of banking and financial services to individuals and businesses. These services include personal and commercial banking, wealth management, trust services, and insurance.
Southside Bancshares has a network of over 60 branches in Texas and is known for its strong community involvement and personalized customer service. The company has been listed on the NASDAQ stock exchange since 1983 and has consistently maintained a strong financial performance.
The company's mission is to serve as a financial resource for its customers and help them achieve their financial goals. They strive to build lasting relationships with their customers by providing a personalized and attentive banking experience.
Southside Bancshares has received various accolades for its financial performance and community service. In 2019, Forbes recognized the company as one of America's Best Banks, and the East Texas Business Magazine named it the Best Bank in East Texas for the 11th consecutive year.
Overall, Southside Bancshares is a reputable and well-established bank holding company that is committed to serving the needs of its customers and communities.
What is special about the Southside Bancshares company?
1. Longstanding History: Southside Bancshares has been in existence for over 60 years, making it one of the oldest and most established banking institutions in the United States.
2. Strong Financial Performance: The company has consistently maintained a strong financial performance, with a solid record of profitability, growth and stability.
3. Local Focus: Southside Bancshares has a strong focus on serving local communities, with a majority of its branches located in small to medium-sized towns in Texas.
4. Customer-Oriented Approach: The company prides itself on its customer service and has a reputation for providing personalized and high-quality service to its clients.
5. Diversified Services: Southside Bancshares offers a wide range of financial products and services, including personal and commercial banking, mortgage lending, wealth management, and trust services.
6. Community Involvement: The company is actively involved in the communities it serves, supporting local organizations and initiatives through donations, volunteer work, and sponsorships.
7. Strong Corporate Culture: Southside Bancshares is known for its strong corporate culture, with a focus on teamwork, communication, and employee development.
8. Financial Stability: The company has a strong balance sheet, with a low risk profile and a high credit rating from independent agencies such as Moody's and Standard & Poor's.
9. Vision for Growth: Southside Bancshares has a clear vision for continued growth and expansion, both organically and through strategic acquisitions.
10. Strong Leadership: The company is led by a highly experienced and dedicated management team with a long-term commitment to the success of the business.

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