Southern Bancorp, Inc. named Will Carrouthers as its Chief Financial Officer on Tuesday (May 27). Carrouthers succeeds Mike Myers, former Winrock Chief Financial Officer and long-time Southern Bancorp board member, who served as the CDFI’s interim CFO since July 2024.
“Finding the right Chief Financial Officer to help guide Southern Bancorp through this exciting chapter of growth was a nationwide effort – because we knew how critical this role would be in strengthening our financial foundation and shaping our future,” said Darrin Williams, CEO of Southern Bancorp, Inc. “Will brings a powerful combination of leadership experience at large financial institutions, innovative work in the fintech space, and a deep appreciation for the mission of community banking. We believe this unique blend of skills and values is exactly what we need to grow while balancing profits with purpose.”
Carrouthers brings two decades of senior-level financial experience to the Chief Financial Officer role at Southern Bancorp. Most recently, he served as Head of Corporate Forecasting & Planning at Wells Fargo, and prior to that as Head of Strategic Business Finance and FP&A for Oportun, a fintech based in San Carlos, Calif.
His career also includes SVP, Private Bank Division Executive CFO at Bank of America, Branch & Premier Banking CFO at SunTrust, and Director of Finance at Worldpay.
As Chief Financial Officer, Carrouthers will oversee all financial functions of Southern Bancorp, Inc., as well as for Southern Bancorp Bank and Southern Bancorp Community Partners, including the CDFI’s overall financial strategies, growth objectives, and general financial operations.
“As someone who grew up in an underserved community, I recognize firsthand how important Southern Bancorp’s work is and how meaningful it, and the CDFI industry as a whole, can be for families across the country,” said Carrouthers. “It’s an honor to now be part of this impactful organization, and I look forward to putting my experiences to work in support of our mission to be wealth builders for everyone.”
A native of the New York City borough of the Bronx and current resident of Charlotte, N.C., Carrouthers is an alumnus of the University of North Carolina at Charlotte where he earned his Bachelor of Business Administration in Finance, as well as of Georgia Institute of Technology where he received his Master of Business Administration.
He is an active member of the National Association of Black Accountants and the National Black MBA Association.
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