Southern Bancorp to Host MLK Event at Philander Smith College
Nationally recognized speaker, BerThaddaeus Bailey, will perform a reenactment ofDr. King’s “I Have A Dream” speech On Friday, January 13th, Southern Bancorp will host “Dreams & Opportunities,” an event celebrating the legacy and impact of Dr. Martin Luther King...Southern Bancorp receives $45 million New Markets Tax Credit allocation
LITTLE ROCK, ARK. – The U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund announced it has awarded $5 billion in New Markets Tax Credit (NMTC) awards to 107 Community Development Entities or CDEs from across the nation. These CDEs will...
Southern Bancorp to Finance Community Development Space in Hattiesburg
HATTIESBURG, MISS. – Southern Bancorp, Inc., a Community Development Financial Institution (CDFI), today announced its involvement in the Calico Station development, a forthcoming community gathering place in downtown Hattiesburg. A groundbreaking event was held on...
Southern Bancorp Closes on Premier Bank of Arkansas Acquisition
For Immediate Release ARKADELPHIA, ARK – Southern Bancorp, Inc., a Community Development Financial Institution (CDFI) and holding company for Southern Bancorp Bank, today announced that it has closed on its acquisition of FCB Financial Services, Inc. and its wholly...
Southern Bancorp, Inc. Announces Agreement to Acquire Premier Bank of Arkansas
For Immediate Release Arkadelphia, Ark. – Southern Bancorp, Inc., a Community Development Financial Institution (CDFI) and holding company for Southern Bancorp Bank, today announced it has entered into a merger agreement to acquire FCB Financial Services, Inc. and its...Southern Bancorp Eligible for a $237.5 Million Investment Through Treasury Department’s Emergency Capital Investment Program
Washington, D.C. – Vice President Kamala Harris and United States Treasury Secretary Janet Yellen today announced that 186 Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) are now eligible to receive more than $8.7...
How Credit Utilization Affects Your Credit Score
If you’ve been reading my column for any time now, you know how important your credit score can be. You also might know that there are several factors that affect how your score is formulated. Today, we’re going to talk about one of them – credit utilization – and...
White House Appoints Southern Bancorp, Inc. CEO Darrin Williams to Community Development Advisory Board
LITTLE ROCK, ARK. – The White House has announced the appointment of nine individuals, including Southern Bancorp, Inc. CEO Darrin Williams, to the 15-member board that advises the Community Development Financial Institutions (CDFI) Fund and its director. “I am...
