Mason Blake
Sound Bank, previously located at 1897 Live Oak St, Beaufort, North Carolina, has been reported as permanently closed by some sources. The bank was founded in 2000 by a group of Morehead City bankers who wanted to create a locally owned and operated community bank. With a focus on community involvement and local decision-making, Sound Bank expanded to several locations across North Carolina, including Beaufort. In 2019, Sound Bank rebranded and changed its name to Dogwood State Bank, with its new headquarters in Raleigh. As of May 2025, Sound Bank's annual revenue was reported to be $7.3 million, with approximately 46 employees worldwide.
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What You'll Learn
Sound Bank's history and rebranding
Sound Bank was established in the spring of 2000 by a group of Morehead City bankers who wanted to create a community bank that was locally owned and operated. The founders believed that a local bank could provide better personal service and that money deposited in the bank should be lent locally to foster community growth and prosperity. The name "Sound Bank" was chosen to reflect the coastal area's flavour and the bank's solid foundation.
Over time, Sound Bank expanded beyond its headquarters in Morehead City, opening full-service branches in Beaufort, Cedar Point, New Bern, and Wilmington. The bank also established a Loan Production Office in Raleigh. This expansion allowed Sound Bank to accommodate more customers and offer a wider range of services.
In 2019, Sound Bank rebranded and changed its name to Dogwood State Bank. This rebranding followed the bank's expansion into a statewide North Carolina community bank and the opening of a new headquarters and branch in Raleigh. Prior to this transition, Sound Bank completed a $100 million recapitalization as part of its rebranding plan.
While the Sound Bank name may no longer be in use, the legacy of its community-focused approach and commitment to local involvement continues. The bank's strong emphasis on local ownership and community engagement has created opportunities for partnerships, participation in local events, and the offering of tailored financial services that support regional growth and increase customer engagement.
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Sound Bank's community involvement
Sound Bank was founded in the spring of 2000 by a group of Morehead City bankers who wanted to create a community bank that was locally owned and operated. They believed that a local focus would enable better personal service and that money deposited in the bank should be lent locally to foster community growth and prosperity. As such, community involvement and giving back were always central to Sound Bank's ethos.
The name "Sound Bank" was chosen to reflect the coastal area and the bank's solid foundation. The bank's headquarters were initially located in Morehead City, North Carolina, and it expanded to include full-service branches in Beaufort, Cedar Point, New Bern, and Wilmington.
Sound Bank's community-oriented values were reflected in its desire to partner with local organizations, participate in community events, and offer localized financial services. The bank's commitment to the community is also evident in its employees, who are dedicated to giving back through local involvement.
In 2019, Sound Bank expanded into a statewide North Carolina community bank and rebranded as Dogwood State Bank, with new headquarters in Raleigh. As of May 2025, Sound Bank's annual revenue had reached $7.3 million, and it employed approximately 46 people across North America, Europe, and Africa.
While I cannot confirm if the Sound Bank branch in Beaufort is closed, some sources indicate that it is permanently closed, with one review from 2025 mentioning that the ATM is still accessible.
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Sound Bank's expansion
Sound Bank, headquartered in Morehead City, North Carolina, was founded in 2000 by a group of local bankers who wanted to create a community bank that was locally owned and operated. The name "Sound Bank" reflects the coastal area and the solid foundation of the bank.
Over the years, Sound Bank expanded into multiple full-service branches, including one in Beaufort, North Carolina. However, as of June 2025, the Sound Bank branch in Beaufort appears to be permanently closed, according to some sources.
Despite this closure, Sound Bank has continued to grow and expand its operations. In 2019, the bank rebranded as Dogwood State Bank and opened a new headquarters and branch in Raleigh, North Carolina, as part of its expansion into a statewide community bank.
Sound Bank's strong emphasis on local ownership and community involvement has been a key driver of its expansion. This focus has allowed the bank to partner with local organizations, participate in community events, and offer localized financial services that reinforce its community-driven identity.
Additionally, Sound Bank has a growing tech infrastructure, utilizing technologies like Amazon Web Services, Drupal, and Google Tag Manager. This openness to digital innovation creates opportunities for improved online banking solutions, cybersecurity products, and digital marketing services.
With its combination of community focus and digital enhancements, Sound Bank has the potential to introduce tailored banking solutions, such as small business loans and community development initiatives, to support regional growth and increase customer engagement. The bank's expansion strategy is well-aligned with its initial vision of creating a locally-focused financial institution that gives back to the community.
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Sound Bank's headquarters
Sound Bank was established in the spring of 2000 by a group of Morehead City bankers who wanted to create a locally-owned community bank. They believed that a community bank could provide better personal service, with decisions made by people who live and work in the community. They also wanted money deposited in the bank to be lent locally to support the community's growth and prosperity.
The name "Sound Bank" was chosen to reflect the coastal area and the solid foundation of the bank. Over time, the bank expanded into the community, opening full-service branches in Beaufort, Cedar Point, New Bern, and Wilmington. They also opened a Loan Production Office in Raleigh.
The Sound Bank branch in Beaufort, located at 1897 Live Oak St, Beaufort, NC 28516, is permanently closed. However, customers can still access banking services through other branches or digital banking solutions.
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Sound Bank's ATM services
Sound Bank, previously located at 1897 Live Oak St, Beaufort, North Carolina, is now permanently closed. The bank has rebranded and expanded into a statewide North Carolina community bank named Dogwood State Bank. The new headquarters and branch are located at 5401 Six Forks Road in Raleigh, North Carolina.
Sound Bank was established in the spring of 2000 by a group of Morehead City bankers who wanted to create a locally-owned and operated community bank. They believed that local ownership and decision-making would enable better personal service and a stronger commitment to the community.
The bank grew and expanded over the years, opening full-service branches in several locations, including Beaufort, Cedar Point, New Bern, and Wilmington. They also had a Loan Production Office in Raleigh.
While specific details about Sound Bank's ATM services are not readily available, reviews from customers mention the convenience of the drive-up ATM at the Beaufort branch. One customer mentioned that the ATM was easily accessible, and they were able to walk up to it since it was located downtown.
With the rebranding and expansion, Dogwood State Bank may have introduced enhanced ATM services or features to align with their new identity as a statewide community bank. However, specific information about their current ATM offerings would be available on their official website or by contacting the bank directly.
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Frequently asked questions
Yes, Sound Bank in Beaufort is permanently closed.
It was located at 1897 Live Oak St, Beaufort, NC 28516, US.
The contact number for the Sound Bank branch in Beaufort was +1 (252) 728-2181.
The official website for Sound Bank is soundbanking.com.
Yes, Sound Bank has expanded into a statewide North Carolina community bank and is now named Dogwood State Bank.
