Complex sentence: Southern Bank is a wholly owned subsidiary of Southern BancShares (N.C.), Inc. With its Corporate Headquarters located in Mount Olive, North Carolina, the Bank has total assets in excess of $2 billion and over 60 locations throughout eastern North Carolina and Virginia.
Split into simpler sentences: Southern Bank is a wholly-owned subsidiary of Southern BancShares (N.C.), Inc., with its corporate headquarters in Mount Olive, North Carolina. The bank has total assets in excess of $2 billion and over 60 locations throughout eastern North Carolina and Virginia.