First Federal Savings and Loan Association is a wholly owned subsidiary of Southern Community Bancshares. In 1996 Southern Community Bancshares was incorporated in the state of Delaware at the direction of management of First Federal Savings and Loan Association of Cullman for the purpose of serving as a savings institution holding company of the association upon the acquisition of all the capital stock issued by the association upon the conversion from the federally chartered mutual savings association from of organization to a federally chartered stock savings association. First Federal Savings and Loan Association is dedicated to providing competitive mortgage financing for purchases, refinances, construction and home improvements. The firm also offers premium mortgage pricing for secondary mortgage market loans and flexible in-house low documentation loans. First Federal Savings and Loan Association of Cullman is a $65 million community financial institution operating in Cullman, Ala. since its organization in 1905.