Dec 14, 2021 | News, Press Releases
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...
Oct 8, 2021 | Blog, Credit, Financial Fitness, News
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...
Sep 16, 2021 | Darrin Williams, News, Press Releases
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...
Sep 3, 2021 | News, Press Releases
Allocation among $5 billion in credits awarded by CDFI Fund LITTLE ROCK, ARK. – Southern Bancorp Bank has been selected by the Community Development Financial Institutions Fund (CDFI Fund) to receive $50 million in New Markets Tax Credits (NMTC) to attract private...
Aug 4, 2021 | News, Press Releases
LITTLE ROCK, ARK. – Southern Bancorp today announced the promotion of Jason Giachelli to Market President. He previously served as City President in Greenville, leading operations there and in surrounding areas. In Giachelli’s new role, he will be leading bank...
Jun 24, 2021 | News, Press Releases, Southern Bancorp Community Partners
LITTLE ROCK, ARK – Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and Community Development Financial Institution (CDFI), recently announced the hiring of Charlton Seward as Director of Lending. In this role, Seward will lead SBCP’s lending...
May 17, 2021 | News, Press Releases
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 DeWitt First Bankshares Corporation and its wholly owned...
Feb 25, 2021 | News, Southern Bancorp Community Partners
Southern Bancorp organizations were recently recognized by BadCredit.org for their products and services that help underserved communities build wealth. Southern Bancorp, Inc. , a bank holding company, works in tandem with Southern Bancorp Bank and Southern Bancorp...
Feb 19, 2021 | News, Press Releases, Southern Bancorp Community Partners
LITTLE ROCK – Southern Bancorp Bank, a wholly owned subsidiary of Southern Bancorp, Inc. and one of the nation’s largest community development banks, is partnering with Southern Bancorp Community Partners (SBCP), a 501(c)(3) development finance organization and loan...
Jan 21, 2021 | News, Press Releases
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 DeWitt First Bankshares Corporation...
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