BankPlus has operated as a privately held community bank for over 100 years. Today, we stand tall as a proud, full-service regional bank. One whose employees always seek to give our customers more. More access. More technology. And more of the products and services that continually set us apart from others.
Our growth and success have been achieved by serving our communities. From small farms to large corporations, and rural towns to metropolitan areas, BankPlus is committed to improving the places where we live and work.
Mary Holmes, a retired resident of Jackson, Mississippi, is living comfortably in her home again after receiving funding from the Special Needs Assistance Program (SNAP) to replace her roof. After years of uncertainty about how she could afford to replace her aging roof, Ms. Holmes received a $7,000 SNAP subsidy from BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas). The roof was leaking and in desperate need of replacement. “I’ve lived in this home for 42 years. It was brand new when I moved in, but as time has gone on, repairs have been needed and it is hard to do that while living on a fixed income,” Ms. Holmes said. Mark Ouellette, first vice president at BankPlus, said keeping residents comfortable and safe within their homes is a priority for the bank. “Many of our customers have owned their homes for decades and, as repairs come up, we are honored to be able to help secure funding for them through SNAP and are grateful for our partnership with FHLB Dallas to make that happen,” he said.
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.”