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Twin Cities to become one

March 3rd, 2005

The people have spoken. History was made just before 10 p.m. Tuesday when the final results came in. On January 1, 2006, the cities of Helena and West Helena will become one.

Approximately 3,500 voters turned out and voted in favor of consolidation, making the unified community the 25th largest city in Arkansas with a population of approximately 15,000. The merged city’s name will be Helena-West Helena.

Bush Budget Proposal Could Hurt Arkansas Bank

February 15th, 2005

A large rural community development bank in Arkadelphia fears it could lose a million dollars a year if some of President Bush’s budget proposals are carried out.

Officials at Southern Bancorp of Arkadelphia said the elimination of new appropriations through the Community Development Financial Institutions Fund and the Bank Enterprise Award would damage the bank’s plans.

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Archive: February 2005 | Section: Other Related News, Southern Bancorp

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.

Baldwin Narrows Company’s Aim - Southern Development Bancorp Concentrates on Phillips County

August 23rd, 2004

In 2002, Phillip Baldwin looked around at the crumbling buildings and the dilapidated houses in Helena and wondered if the nearly $150 million in development loans to the Delta had made a difference

Business of the Year Profiles - Southern Bancorp

March 7th, 2004

Phillip Baldwin is sympathetic to the people whose “eyes glaze over” when he tries to explain the mission of Southern Bancorp of Arkadelphia.

“I was driving my car one day, thinking, ‘What is it I do? What really is this job?’” the CEO said. “And I thought of that Christmas movie with Jimmy Stewart. We’re like the Bailey Building & Loan.”

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Archive: March 2004 | Section: Other Related News, Southern Bancorp

Business of the Year Profiles - Phillip Baldwin

March 7th, 2004

Phil Baldwin sees himself as Jimmy Stewart in “It’s a Wonderful Life” - using lending institutions to improve the lives of ordinary residents of Arkadelphia, West Helena and Ruleville, Miss. But unlike the Bailey Building & Loan, Southern Bancorp is not the kind of place where cash is mislaid and incompetent relatives are kept on staff.

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Archive: March 2004 | Section: Other Related News, Southern Bancorp

Rural Health Care Providers and Patients Benefit from Loan Fund

June 17th, 2002

Physicians, hospitals and other health care providers in Arkansas have received more than $8.8 million in loans to improve access to health care in rural, medically underserved areas of Arkansas through the Arkansas Rural Health Revolving Loan Fund (RLF).

Because of the success and significant impact of the RLF, the Robert Wood Johnson Foundation (RWJF) has committed another $500,000 grant to the loan fund.

Southern Financial Partners Receives Grant From USDA

March 13th, 2002

Southern Financial Partners (SFP) has received a $160,000 grant from the U.S. Department of Agriculture’s Rural Development.

The grant will be used to capitalize a loan fund that will help finance businesses in thirteen counties in eastern Arkansas creating new jobs and providing access to over $1 million in capital to the economically distressed region.

Southern Financial Partners Receives Funding From Winthrop Rockefeller Foundation

February 6th, 2002

Southern Financial Partners received a $200,000 grant and a $1 million loan from the Winthrop Rockefeller Foundation. Southern Financial Partners (”SFP”) is a non-profit affiliate of Southern Development Bancorporation.

Southern Financial Partners provides lending services, financial training and technical assistance to small businesses in rural Arkansas and Mississippi to stimulate economic growth.

Arkansas Enterprise Group is Now Southern Financial Partners

October 15th, 2001

Arkansas Enterprise Group announced today that it will change its name to Southern Financial Partners, effective immediately. Southern Financial Partners is a non-profit affiliate of Southern Development Bancorporation, an Arkansas-based community development bank holding company.

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