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Podcast: How CDFI status helps one community bank stay independent

ABA Community Banking

"We're a small bank, and it gets more expensive all the time to run a small community bank," says Andy Anderson, president and CEO of Bank of Anguilla in Anguilla, Mississippi. "As As long as we can do this profitably and remain in our community, that's what we want to do.".

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2021’s Best Community Banks to Work For

Independent Banker

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

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Rebeca Romero Rainey: Community bankers are all in

Independent Banker

Everything feeds into the customer experience, and that ability to meet and exceed customer expectations is what distinguishes us as community bankers. Because it’s more than a saying; it’s a rallying cry for community bankers. A community banker is on a journey with their customer, through the ups and downs of life.

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New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks

ABA Community Banking

Under a new law signed by Mississippi Gov. Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks. The post New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks appeared first on ABA Banking Journal.

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After buying bank accused of redlining, Cadence gets top CRA score

American Banker

The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.

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

CFPB Monitor

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.”. Trustmark is a national bank headquartered in Jackson, Mississippi with 196 branches in five southern states. DOJ intends to use U.S.

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Insurance deal too rich for Trustmark to pass up, CEO says

American Banker

The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.