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.
Forbes partnered with market research firm Statista to produce their second annual look at the Best Banks In Each State to gauge whose customers gave their banks the highest grades. Nearly 25,000 customers in the U.S. were surveyed for their opinions on their current and former banking relationships. Southern Bancorp and BankPlus were named among the best banks in their states.
Community Development Financial Institutions, or CDFIs, are utilizing all resources at their disposal to help small businesses stay afloat as the novel coronavirus spreads throughout the U.S. CDFIs serve customers typically overlooked by mainstream financial institutions. Beneficial State Bank, an FDIC-insured CDFI that provides commercial banking services to underserved communities, had received 500 phone calls a day about PPP two days before the program even launched on April 3, Interim CEO Randell Leach said. CDBA members Bank Plus, Mission Valley, NOAH Bank, Peoples Bank, and Sunrise Banks are also mentioned in the article.
BankPlus and the Federal Home Loan Bank of Dallas presented a check for $8,000 to Lauderdale County Habitat for Humanity to create a marketing plan and website. Habitat for Humanity is a non-profit organization that provides housing for low-income working families. The agency has put 78 families in homes over the last 30 years in Lauderdale County. The organization does not have a website, but uses Facebook and Instagram to connect with the community. The website will be used to promote the organization, to collect donations and as a place for volunteers to sign up.