Sunflower County

Delta Southern Bank pledges $200,000 to B.B. King Museum

June 26th, 2007
Source: Delta Business Journal

The Board of Directors of Delta Southern Bank is pleased to have been able to help the B.B. King Museum and Delta Interpretive Center meet the terms of a $2.5 million challenge from Jim Barksdale. Mr. Barksdale had pledged the funds to the B.B. King Museum provided their board of directors raise $500,000 in matching funds.

A Slow Demise in the Delta

June 20th, 2007
By Gilbert M. Gaul and Dan Morgan // Washington Post

From 2001 to 2005, the federal government spent nearly $1.2 billion in agricultural subsidies to boost farmers’ incomes and invigorate local economies in this poverty-stricken region of the Mississippi Delta.

Most residents are black, but less than 5 percent of the money went to black farmers. They own relatively little land, and so they generally do not qualify for the payments.

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Archive: June 2007 | Section: Phillips County, Southern Bancorp, Sunflower County

Delta Southern Bank Receives Honor

June 13th, 2007
Source: Bolivar Commercial

Congratulations to Delta Southern Bank in Ruleville and Drew! The community development financial institution was recently awarded an “outstanding” rating on its Community Reinvestment Act Audit by the Federal Deposit Insurance Corporation. Very few banks receive the “outstanding” rating.

Group fighting bank closure

January 23rd, 2006
By Larry E. Binz //

Closing Delta Southern’s branch bank in Friars Point appears to be a done deal, but in doing so DSB may not be living up
to its mission.

Southern Bancorp, the parent organization of Delta Southern, formed a partnership to “bring economic opportunity to
those who need it most.”

Drew’s downtown revitalization effort moving forward

July 5th, 2005
By Lynn Jones //

A Mississippi main Street project has transformed the city of Drew from a mass of deteriorated building and boarded-up stores into a revitalized center of commerce.

Elaine to Share $20,000 Southern Bancorp grant

June 21st, 2005

Phillip N. Baldwin, president and CEO of Southern Bancorp (Southern), announced today that three rural communities (Elaine, Arkansas and Lula and Lambert, Miss.) will be the collective beneficiaries of a $20,000 grant provided by Southern’s Small Cities Technical Assistance Program.

Delta Southern Bank Revitalization Efforts Continue

June 13th, 2005

The community development efforts of Delta Southern Bank, a Community Development Financial Institution based in Ruleville, Mississippi, continues with additional grants for the revitalization of downtown Ruleville and downtown Drew, Mississippi.

Arkadelphia Bank to Receive $1.8 Million Grant

October 8th, 2004

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.