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.
This year has certainly tested bank executives' ability to manage during a crisis. Apart from dealing with the myriad of business challenges thrown at them by the coronavirus pandemic, they are trying to maintain morale of employees, many of whom are working remotely and coping with stresses of their own. This year American Banker asked executives at the 85 institutions that make up our ranking of the Best Banks to Work For to reveal how they have kept employees engaged and motivated in this most difficult of years. Included on this list are FNBC Bank, BankPlus, and United Bank.
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.