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Banking and Credit Access in the Southern Region of the U.S

This report was updated on May 10, 2024 to include accessibility improvements.

This Data Spotlight analyzes banking and credit access in the southern region of the U.S. It seeks to identify gaps, as well as opportunities to increase financial access in the region, particularly branch presence and bank account access, and capital access such as mortgage lending and small business lending. The analysis looks at trends in the region as a whole, and differences between rural and non-rural areas. The states covered in this report are: Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee. For a review of consumers financial profiles in the region’s rural areas compared to elsewhere, see the CFPB’s publication, Consumer Finances in the Rural Areas of the Southern Region.

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