Darrin L. Williams ’93, a current member of the Arkansas General Assembly, has been named chief executive officer of Southern Bancorp Inc., which includes a community development bank and a nonprofit affiliate that work in concert to revitalize underserved communities in the mid-South.
Williams’ appointment was announced by current Southern Bancorp CEO Walter Smiley. “Darrin’s financial skills, legal experience in securities and financial regulation and history of advocating for the rights of the disadvantaged in both his law practice and his political career make him the perfect choice to lead Southern Bancorp in its mission to build communities and change lives,” Smiley said. Smiley will continue to serve as Southern Bancorp’s chairman.
Williams is a principal at the Little Rock law firm of Carney Williams Bates Pulliam & Bowman, where his work focuses on protecting consumers. He attended Little Rock’s Central High School and Hendrix College in Conway, Arkansas, before earning his law degree at Vanderbilt, and he also holds an LL.M. in securities and financial regulation from Georgetown University Law Center.
“My career focus of protecting consumers from the abuses of Wall Street banks has prepared me well to show how banking should and can be done to help communities and people,” says Williams. “I don’t know of a better bank to make that point than Southern.”
Williams worked in community outreach for the Democratic National Committee in Washington, D.C., during the presidency of Bill Clinton before returning to Arkansas as chief of staff and counsel to Mark Pryor, then Arkansas Attorney General, who is now a U.S. Senator (D-Ark.). In this position, and later as Chief Deputy Attorney General, Williams took on individuals and businesses that targeted Arkansas’ seniors and children.
He is actively involved in many professional, political and community associations including serving as a board member for Our House Inc., CARTI and the State Legislative Leaders Foundation.
Williams has been a member of the Arkansas General Assembly since 2008 and was selected as the first black speaker-designate of the Arkansas House in March 2012 when Democrats controlled the lower chamber, a position he lost in November 2012 when Republicans gained control of the chamber for the first time since Reconstruction.
Smiley will be actively involved in Williams’ transition, which will be ongoing through the 2013 Arkansas legislative session convening Jan. 14. Williams is expected to assume full-time responsibilities as CEO once the legislative session concludes and work part-time until then.
“I look forward to joining the team at Southern and continuing to build upon its fine work of transforming communities through strategic investments in people and their dreams for a better tomorrow,” Williams says.
“Adding Darrin to our senior management team positions the company to achieve great progress in the communities we are dedicated to serving,” says Smiley.
Southern Bancorp is one of America’s largest community development banks. Southern seeks to reduce poverty by improving education and economic opportunities for individuals and families.