Established in 1909 and certified as a Community Development Financial Institution in 2010, BankPlus focuses on attracting, developing, and retaining high-performance employees who work to ensure the best possible service for their customers and exceptional return on investment to their shareholders. BankPlus is a subsidiary of BancPlus Corporation, a one‐bank holding company located in Ridgeland, Mississippi. The bank received an "Outstanding" overall rating in its 2012 Community Reinvestment Act (CRA) Exam, which also noted the bank’s exemplary record regarding its community development lending and excellent record regarding its innovative and flexible lending practices.
BancPlus Corporation, parent of Ridgeland, Mississippi-based BankPlus, said Wednesday that it is buying New Orleans-based First Trust Corporation, which owns First Bank and Trust. The terms of the deal were not disclosed but the banks said in a news release that First Trust Corporation shareholders will receive a combination of shares of BancPlus' common stock and cash. The takeover will have a total of 93 branches, combining BancPlus' 79 branches with First Bank and Trust's 14, across Louisiana, Mississippi, Alabama, and the Florida Panhandle. Assets will total $6.4 billion: $5.1 billion from BancPlus together with $1.3 billion from First Bank and Trust.
A long-time Jackson resident, Penny Lee has lived in her current home for more than 20 years. But over time, the home where she consistently hosted her family began to need repairs she couldn't afford. The roof leaked, porch rails were broken and there were holes in the walls from years of grandchildren playing within the home. Miss Lee had handymen patch things until a $7,000 Special Needs Assistance Program (SNAP) subsidy from BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas) funded more substantial repairs including a new roof, trim, porch railings and repairs to interior walls. “FHLB Dallas offers many programs that help us make a meaningful impact on our neighbors and communities,” said Mark Ouellette, first vice president and director of affordable housing at BankPlus. “The SNAP subsidy enabled Miss Lee to make several needed improvements to her home.”
This year has certainly tested bank executives' ability to manage during a crisis. Apart from dealing with the myriad of business challenges thrown at them by the coronavirus pandemic, they are trying to maintain morale of employees, many of whom are working remotely and coping with stresses of their own. This year American Banker asked executives at the 85 institutions that make up our ranking of the Best Banks to Work For to reveal how they have kept employees engaged and motivated in this most difficult of years. Included on this list are FNBC Bank, BankPlus, and United Bank.