City First Bank of DC has released their 2018 impact report in addition to an anthology highlighting their 25th anniversary. The anthology tells the historic and vibrant stories of social impact that have been critical to City First's community economic development over the past twenty-five years. City First was chartered with a mission of investing intentionally in low wealth neighborhoods to revitalize historic corridors like U Street and H Street. City First is committed to nonprofits, entrepreneurs, and families. In this anthoogy, you will meet the social entrepreneurs that dared to rebuild our urban landscape.
Planters Bank announces that Alan Hargett is assuming the role of Chief Executive Officer on September 1, 2019. Hargett, a native of Ruleville, began his banking career with Planters as a management trainee in the Planters Indianola office in 1989 the same year he earned his Bachelor's degree from Mississippi State University. He currently serves as President and Chief Operating Officer of Planters Bank. Hargett is a member of the Planters Board of Directors and serves on the board and executive committee of the Mississippi Bankers Association.
The Mississippi Backwater Flood of 2019 has been a devastating event for the residents of the South Delta in Mississippi. The people, farms, businesses, homes, and wildlife have been affected for months with the impact lasting for years to come. Bank of Anguilla has been a huge part of the community for 115 years and will continue to support and provide relief to the South Delta in helping overcome this disaster.
At first glance, a "video teller" installed in New Hebron may seem more impersonal than a traditional bank branch. However, for Peoples Bank this new bit of technology has allowed bankers to personally interact with a whole new set of customers. The machine, stationed in a location far from a physical branch, allows customers to live video chat with a real teller at another nearby Peoples Bank location. "We typically have two to three different employees who are serving that role as a live teller," said Ashley M. Jones, vice president of marketing. "The tellers on our end are enjoying the relationship that they have established...And for our customers, it is always nice to see a familiar face on the other end. It is comforting."
This week's CDBA Storybank video highlights The Bank of Cherokee County in Tahlequah, Oklahoma, one of the first Native Community Development Financial Institutions in the country. Its featured clients are small business owners who have developed the Bright Start child care center and the Go Ye Village retirement home, both of which serve the community of Tahlequah. The Bank of Cherokee County "is not just a bank," says Go Ye Village's Steve Thomas. "They're more of a partner in the process."