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Article: Delta Southern buying branches.(Strictly Business)
- Article from:
- The Mississippi Business Journal
- Article date:
- May 10, 2004
CopyrightCOPYRIGHT 2004 Dolan Media Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MISSISSIPPI DELTA -- State Bank & Trust Company of Greenwood and Delta Southern Bank have entered into a definitive agreement providing for the sale of five of State Bank's locations in Clarksdale, Greenville (two offices), Shelby and Webb. Terms of the deal were not disclosed.
"This is a great deal for all concerned," said State Bank CEO John B. Neville. "Our customers in those communities will benefit from the unique capabilities Delta Southern possesses as a (Community Development Financial Institution). To be quite honest, they should be more effective going forward in those markets than anyone."
Community Development Financial Institutions (CDFIs) ...