SOUTHERN BANC CO INC
10KSB, EX-23, 2000-09-28
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   EXHIBIT 23

                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation of our
reports  included in this Form 10-KSB,  into Southern Banc Company's  previously
filed Registration Statement File No. 333-3546.

                                             /s/  Arthur Andersen LLP

Birmingham, Alabama
September 21, 2000


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