Southern Development Bancorporation of Arkadelphia will receive a $1.8 million equity grant to help the bank acquire additional branches to provide housing, business and consumer lending in the Mississippi Delta region, the state’s Democratic Congressional delegation announced Thursday.
Archive: October 2004 | Section: Phillips County, Southern Bancorp, Sunflower County
In 2002, Phillip Baldwin looked around at the crumbling buildings and the dilapidated houses in Helena and wondered if the nearly $150 million in development loans to the Delta had made a difference.
Archive: August 2004 | Section: Other Related News, Phillips County, Southern Bancorp
Rather than an S&L, Southern is a half-billion-dollar bank holding company that owns three charters: Elkhorn Bank & Trust of Arkadelphia, First National Bank of Phillips County at West Helena and Delta Southern Bank at Ruleville, Miss. It also operates, through common directors and management, four nonprofit organizations: Southern Property Corp., Southern Community Development Corp. and last year’s Nonprofit Organization of the Year, Southern Good Faith Fund of Pine Bluff.
Archive: March 2004 | Section: Other Related News, Southern Bancorp
Phil Baldwin sees himself as Jimmy Stewart in “It’s a Wonderful Life†– using lending institutions to improve the lives of ordinary residents of Arkadelphia, West Helena and Ruleville, Miss. But unlike the Bailey Building & Loan, Southern Bancorp is not the kind of place where cash is mislaid and incompetent relatives are kept on staff.
Archive: March 2004 | Section: Other Related News, Southern Bancorp
Physicians, hospitals and other health care providers in Arkansas have received more than $8.8 million in loans to improve access to health care in rural, medically underserved areas of Arkansas through the Arkansas Rural Health Revolving Loan Fund (RLF).
Archive: June 2002 | Section: Press Releases, Southern Bancorp, Southern Financial Partners
