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Southern Bancorp is building wealth for everyone

Independent Banker

Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. Better serving its communities.

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DOJ announces major new initiative targeting redlining; DOJ/CFPB/OCC settle redlining lawsuit against Mississippi-based national bank

CFPB Monitor

The Biden Administration’s prioritization of fair lending as a law enforcement focus took center stage last week with the announcement that the U.S. Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”.

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Excited To Help People

Independent Banker

In Arkansas, Jim S. When Gowen first arrived at Merchants & Planters in 1983 to serve as its president and senior lending officer, the bank had two branches and $47 million in assets. Today, a proud survivor of industry consolidation pressures, the bank has $250 million assets and operates 11 locations in five counties. “If

St. Louis 105
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Acquire or Be Acquired 2018: Breaks, Bulls and Business Models

Gonzobanker

Allison bragged that Home BancShares has created more millionaires than any company in Arkansas [Note: we may need to fact check that with Walmart shareholders]. Sarver grew Alliance from a small $700 million community bank acquisition to a $20 billion powerhouse in less than 15 years. Source: SNL. Source: Federal Reserve.

Taxes 75
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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

Last post was dedicated to the #4 Bank, Bank of the Ozarks of Little Rock, Arkansas (see post here ). ESB operates like many other thrifts. ESB operates like many other thrifts. ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs.