Cdsc July 09
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Southern Bancorp is a bank holding company operating in the Mississippi River Delta region, one of the poorest areas in the US with poverty rates over 25%. Through strategic community planning involving hundreds of local residents, Southern Bancorp has invested over $110 million to improve education, leadership, economic development, and housing conditions. Notable outcomes include new schools, businesses, facilities, over 1,000 improved lives, and $70 million leveraged from other sources to further support the region.
Cdsc July 09
- 1. Ìý
- 2. $1+ billion in assets $2+ billion in loans 40 locations $110+ million in community investments America’s Largest Rural Development Bank
- 3. Mission Southern Bancorp is a bank holding company committed to helping transform rural economies by creating new trends of investment in people, jobs, businesses and property.
- 4. Mississippi River Delta: America’s Poorest Region 25% + poverty rates and child poverty 45% + child poverty rate 40% + high school dropout rates 10% + unemployment
- 5. Ìý
- 6. Model Southern Bancorp Community Banks
- 7. Strategic Planning Process Strategic planning process Middle-out 300 residents participated 500 meetings held over 18-months Ongoing engagement
- 8. Strategic Community Planning – Vision and Plan Promoting equality among all residents Building strong leadership Advancing economic development Preserving cultural history and natural resources Supporting education and quality healthcare
- 9. Outcomes Phillips County, Arkansas 1,000 people’s lives changed 144,000 people impacted Over $70,000,000 leveraged
- 10. Education – KIPP Delta
- 11. Education – Traditional Public Schools Scores in traditional public schools increased by 8% in one year
- 12. Connecting the Dots - Education Parental Involvement Core Knowledge Master Teacher Teacher Housing Teach for Arkansas LEAD School Turnaround Pay Incentives for Teachers Education Consultant KIPP KIPP Expansion Phillips County Challenge LEAD Expansion
- 13. Leadership Development 500 member Boys and Girls Club of Phillips County opened
- 14. Economic Development 40 million gallon per year biodiesel facility built
- 15. Economic Development Sweet potato storage facility opened
- 16. Economic Development - Tourism New downtown businesses opened, including canoe rental Downtown Master Plan completed Civil War tourism plan completed
- 17. Economic Development - Tourism KIPP Expansion Cleburne Hotel Court Square Brownfield Sites Centennial Church Jefferson School Old Helena High School Nicholas Hotel River Park New Library Civil War Tourism Shops & Restaurants Buck Island Levee Walk & Trails
- 18. Economic Development – Family Assets
- 19. Housing Before After 300+ properties cleaned up; 600+ cars removed Revolving loan fund for downtown established
- 20. Housing 20-unit high quality housing development 100% occupancy since opening in 2007
- 21. Thank You!
Editor's Notes
- #4: Before and after