article thumbnail

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.".

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Training Employees to Soar at Community Bank in Mississippi

American Banker

Roughly once a quarter senior executives at Community Bank in Brandon, Miss., take a select group of up-and-coming managers on a three-day retreat. The trips are part of a management training course known as the Falcon Program that took flight in 2012.

article thumbnail

CFPB announces advisory committee members

CFPB Monitor

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Tim Welsh, Vice Chairman Consumer and Business Banking, U.S. Bank (Minneapolis, MN).

DC 78
article thumbnail

Podcast: ‘Folks Who Are Low-Wealth Also Need Wealth Advisers’

ABA Community Banking

Homeownership, savings and holding down a job are three keys to financial well-being and moving out of generational poverty, so that's what Southern Bancorp focuses on in its home Mississippi and Arkansas Delta region, one of the nation's poorest.

article thumbnail

Banks in Mississippi's capital take steps to address pain of water crisis

American Banker

(..)

article thumbnail

Holly Springs Bancshares in Mississippi to buy neighboring bank

American Banker

The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.