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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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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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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.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

Locations in California, Alabama, Idaho, Georgia, Oklahoma, Nevada and Louisiana are set to shutter on Thursday, while shops in Mississippi, Texas, Florida and Utah were shuttered as of Wednesday (July 1). The closures announced on Wednesday include many stores in the vicinity of Los Angeles and the last two open stores in Florida.

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Ponce Bank serves the underserved

Independent Banker

Ponce Bank has brought banking services to minority neighborhoods in the Bronx and greater New York City for more than six decades with a clear focus on community investment. They named the community bank after the Spanish explorer and governor of Puerto Rico, Juan Ponce de León, to honor its founders’ roots. “If Focused on community.

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Internal Memo: Simon To Reopen 49 Malls In May

PYMNTS

The properties in Texas, Indiana, Alaska, Missouri, Georgia, Mississippi, Oklahoma, South Carolina, Arkansas and Tennessee will not be limited to curbside-pickup reopening like the ones happening in Texas, the report said. Ali Slocum, Simon’s vice president of public relations, did not respond to a request for comment from PYMNTS.