Planters Bank & Trust Company
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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.
U.S. Congressman Bennie Thompson (D-MS-2) joined Planters Bank and Trust Company and the Federal Home Loan Bank of Dallas (FHLB Dallas) representatives last Thursday to attend a walking tour of the Reserves at Gray Park. The Reserves at Gray Park is a mixed use, mixed income, in-fill housing development built on eight acres of land donated by the city to Greater Greenville Housing and Revitalization Association (GGHRA) in November 2014, with 42 apartment units for families at or below 80 percent of the area median income. Hailed as the Delta’s first sustainable, healthy community, the community consists of one-, two- and three-bedroom units. GGHRA received a $224,000 Affordable Housing Program (AHP) grant from Planters Bank and Trust Company and FHLB Dallas in 2018, aiding in development expenses for the Reserves at Gray Park project. Planters Bank and Trust Company has utilized FHLB Dallas products and partnered together on programs such as the AHP for nearly two decades.
Thanks to a $224,000 Affordable Housing Program (AHP) grant from Planters Bank & Trust and FHLB Dallas, a 42-unit apartment community in Greenville, MS is now open. The grant was awarded to the Greater Greenville Housing and Revitalization Association for the construction of the apartment community. The grant provided gap financing for the affordable housing development. The apartment complex, The Reserves of Gray Park, is Greenville's lagest single-unit housing development in over 30 years and serves individuals and families at or below 80% average median income, with 62.5% of the units reserved for very-low income residents. "At Planters Bank & Trust, we are driven in part by a deep commitment to the communities we serve and are proud to utilize the AHP to benefit these communities" said Vice President Parker England.