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Southern Bancorp Community Partners awarded $2 million by U.S. Treasury Department’s CDFI Fund

Southern Bancorp Community Partners awarded $2 million by U.S. Treasury Department’s CDFI Fund

Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and financial development organization working in partnership with Southern Bancorp to create economic opportunity in some of the nation’s most economically distressed and underserved markets, has been awarded $2 million, the maximum available under the Financial Assistance program of the U.S. Treasury’s CDFI Fund. The competitive awards, which are presented after a rigorous evaluation based on a CDFI’s abilities and success in providing financial access to underserved communities, totaled just over $185 million to 196 organizations this year.

Southern Bancorp names new Chief Financial Officer

Little Rock, Ark. – Southern Bancorp Inc., the holding company for Southern Bancorp Bank, one of the nation’s largest rural development banks, today announced that Christopher M. Wewers has joined its executive leadership team as chief financial officer. Wewers...