Will Carrouthers has been appointed chief financial officer at Southern Bancorp. Carrouthers succeeds Mike Myers, former CFO of Winrock 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. “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 has worked in the financial sector for over two decades and most recently served as head of corporate forecasting and planning at Wells Fargo. Additional leadership roles and responsibilities throughout his career include SVP and private bank division executive CFO at Bank of America, branch and premier banking CFO at SunTrust, and director of finance at Worldpay.
In his new role, Carrouthers will oversee all financial functions of Southern Bancorp along with Southern Bancorp Bank and Southern Bancorp Community Partners.
“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.”
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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