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How ECIP capital is driving change at one mission-based lender

American Banker

Southern Bancorp in Little Rock, Arkansas, plans to put $250 million in equity capital it received from the Treasury Department to good use making mortgages and acquiring banks.

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Arkansas: The South’s Unexpected Bastion Of Growth

PYMNTS

Arkansas is an easily forgotten state in the Deep South. Landlocked and geographically smaller than some of its surrounding states, Arkansas tends to be better defined by the political personalities it produces. Which is not entirely unfair — Arkansas has produced some very interesting politicians. By The Store Front Numbers .

Arkansas 100
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Arkansas CDFI strikes deal in home state

American Banker

Southern Bancorp, which recently raised $35 million in capital, agreed to acquire DeWitt First Bankshares, the parent of Arkansas County Bank.

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Walmart Forms Company To Sell Insurance Amid Healthcare Push

PYMNTS

The business’ moniker was initially filed late last month in Arkansas with the secretary of state, MedCityNews reported. The retailer has also formed a collaboration with an upstart called Capital Rx that offers current information on prescription prices.

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Can CDFIs help their communities while keeping investors satisfied?

American Banker

Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.

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Gatik Partners With Walmart For Autonomous Vehicle Deliveries

PYMNTS

People in Arkansas can now get groceries delivered via a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. million in seed funding in June led by Innovation Endeavors, with Dynamo Venture Capital, AngelPad, Fontinalis Partners and Trucks Venture Capital also participating.

Arkansas 124
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Walmart Partners With Gatim To Deliver Orders With Self-driving Cars

PYMNTS

People in Arkansas can now get groceries delivered with a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. million in seed funding in June led by Innovation Endeavors, with Dynamo Venture Capital, AngelPad, Fontinalis Partners and Trucks Venture Capital also participating.

Arkansas 123