Southern Bancorp

Advantage Capital Makes First Investment from Empower the Change Fund with a $7.5 million Commitment to General Trucking

Retrieved on: 
Thursday, June 1, 2023
Other Transport, Trucking, Finance, Transport, Professional Services, DEI (Diversity, Equity and Inclusion), Socially Responsible Investing, Environmental, Social and Governance (ESG), Other Professional Services, Society for Human Resource Management, Partnership, Specialization, M&T Bank, SHRM, Tier, Like a Boss (film), John Deere, Empower (financial services), Busey Bank, UMB Financial Corporation, Change, Capital, BCF, Growth, Principal, Enterprise Bank, Echo sounding, Lake, Bank, Altria, Southern Bancorp

The investment was made in connection with the firm’s Empower the Change Fund—a growth capital fund dedicated to providing access to capital to minority entrepreneurs and minority-owned businesses enterprises (MBEs).

Key Points: 
  • The investment was made in connection with the firm’s Empower the Change Fund—a growth capital fund dedicated to providing access to capital to minority entrepreneurs and minority-owned businesses enterprises (MBEs).
  • “I am excited to see this first investment come to fruition,” said Sandra M. Moore, Chief Impact Officer and Managing Director, Advantage Capital.
  • “We know that targeted investing works—we’ve been doing it for 30 years,” said Brian Anderson, Principal and Empower the Change Investment lead at Advantage Capital.
  • To learn more about Advantage Capital and the Empower the Change Fund visit www.advantagecap.com/empowerthechange .

Advantage Capital and the NMSDC Business Consortium Fund Announce New Limited Partners, Continued Progress for Minority Business Growth Fund

Retrieved on: 
Wednesday, November 16, 2022
Small Business, Start-Up, Professional Services, Finance, Investment, Like a Boss (film), Busey Bank, Treasury, Society for Human Resource Management, Capital, Lake, Enterprise Bank, Partnership, MBE, SHRM, BCF, Southern Bancorp, Change, UMB Financial Corporation, John Deere, Family, United States federal executive departments, Truist Financial, Bank, Renewable energy, U.S. Bancorp, Deere

Advantage Capital, venture capital firm, small business lender and impact investor, announced today it has added three additional Limited Partners to a new growth capital fund dedicated to closing the racial wealth gap by investing in MBEs.

Key Points: 
  • Advantage Capital, venture capital firm, small business lender and impact investor, announced today it has added three additional Limited Partners to a new growth capital fund dedicated to closing the racial wealth gap by investing in MBEs.
  • In partnership with the NMSDC Business Consortium Fund (BCF), the impact-oriented fund will provide flexible risk capital to support minority businesses and help them scale.
  • Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital.
  • John Deere (Deere) is a current investor in the Empower the Change Fund that is managed by Advantage Capital.

Expanding Financial Inclusion: Regions Bank Announces ATM Agreement with Community Development Financial Institutions

Retrieved on: 
Thursday, November 10, 2022
Other Professional Services, DEI (Diversity, Equity and Inclusion), Personal Finance, Finance, Banking, Professional Services, Consumer, Other Consumer, CDFI, National Association of Affordable Housing Lenders, ATM, Investment, NYSE, Partnership, Regions Financial Corporation, New Jersey Department of Community Affairs, RF, Organization, MDIS, Multimedia, Community development financial institution, Community development, MDI, FDIC, RCDC, Region, Carver State Bank, CEO, Bank, Equal housing lender, Textile, Southern Bancorp

Regions Bank on Thursday announced a collaborative agreement with seven Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to enable people who bank with those organizations to use Regions ATM network without paying the industry-standard out-of-network fee.

Key Points: 
  • Regions Bank on Thursday announced a collaborative agreement with seven Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to enable people who bank with those organizations to use Regions ATM network without paying the industry-standard out-of-network fee.
  • By working together, Regions, CDFIs and MDIs are expanding no-cost access to financial services through the Regions ATM network.
  • Regions Bank and the Regions Community Development Corporation have also worked closely with CDFIs and MDIs in the past to support business activity in underserved communities, including a series of equity investments.
  • The ATM arrangement follows a gathering hosted in June by Regions head of Community Affairs, Leroy Abrahams, and Wendi Boyen, community advocacy and financial wellness manager for the bank.

SHRM Makes Investment to Support Minority-Owned Businesses

Retrieved on: 
Friday, February 25, 2022
Professional Services, Other Professional Services, Small Business, Human Resources, Finance, Consulting, Banking, Color, Workplace, Partnership, Human, Truist Financial, Twitter, Federal Reserve, United States federal executive departments, Organization, Black, SHRM, MBE, Treasury, Busey Bank, Society, LinkedIn, Society for Human Resource Management, BCF, HR, Southern Bancorp, Renewable energy, Management, Midland Bank, Altria, U.S. Bancorp

The fund will provide flexible risk capital to support minority businesses and help them grow.

Key Points: 
  • The fund will provide flexible risk capital to support minority businesses and help them grow.
  • SHRM joins other organizations including U.S. Bank, Truist Bank, Busey Bank, Midwest Bank, Midland Bank, Southern Bancorp and Altria in its support of the fund.
  • The fund anticipates it will start distributing capital to support minority-owned businesses in the next few months.
  • BCF is Americas most comprehensive financing and consulting support organization exclusively serving NMSDC certified minority-owned businesses.

Advantage Capital and the NMSDC Business Consortium Fund Announce New Private Growth Fund

Retrieved on: 
Thursday, February 24, 2022
Other Professional Services, Finance, Marketing, Banking, Communications, Small Business, Accounting, Professional Services, Investment Advisers Act of 1940, Color, Partnership, Compliance, Truist Financial, Twitter, Growth, United States federal executive departments, Regional bank, SHRM, Documentation, MBE, Treasury, Society, Busey Bank, Black Box (Brown Eyed Girls album), Senior, LinkedIn, Multimedia, Society for Human Resource Management, Capital, Corporate social responsibility, Ecosystem, BCF, Southern Bancorp, Solution, Renewable energy, Management, Drug, Bank, Altria, U.S. Bancorp, Black, Advantage Capital, the Business Consortium Fund, ADVANTAGE CAPITAL, THE BUSINESS CONSORTIUM FUND

Advantage Capital and the NMSDC Business Consortium Fund (BCF) announced today the launch of a new fund dedicated to providing access to capital to minority-owned business enterprises (MBEs).

Key Points: 
  • Advantage Capital and the NMSDC Business Consortium Fund (BCF) announced today the launch of a new fund dedicated to providing access to capital to minority-owned business enterprises (MBEs).
  • View the full release here: https://www.businesswire.com/news/home/20220224005844/en/
    Henry Childs II, Chief Fund Manager, NMSDC Business Consortium Fund (Photo: Business Wire)
    The mission of the fund is to close the racial wealth gap by investing in entrepreneurs of color who are building the products and services of the future.
  • We believe the best way to close the racial wealth gap and scale minority businesses is to invest in entrepreneurs of color, said Henry Childs, Chief Fund Manager, NMSDC Business Consortium Fund.
  • Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital.

Great Southern Bank Introduces New Financial Education Center During Financial Literacy Month

Retrieved on: 
Tuesday, April 6, 2021
Financial literacy, OECD, Southern Bancorp, Financial Literacy Month, Finance, Academic disciplines, Money

SPRINGFIELD, Mo., April 06, 2021 (GLOBE NEWSWIRE) -- In celebration of Financial Literacy Month in April, Great Southern Bank introduced its Financial Education Center, a free, digital resource that connects consumers to personalized financial education courses.

Key Points: 
  • SPRINGFIELD, Mo., April 06, 2021 (GLOBE NEWSWIRE) -- In celebration of Financial Literacy Month in April, Great Southern Bank introduced its Financial Education Center, a free, digital resource that connects consumers to personalized financial education courses.
  • Great Southern Bank is committed to creating an equitable financial future for all, and our Financial Education Center is a pivotal tool that will address gaps in financial literacy.
  • Great Southern partnered with the leader in education technology, EVERFI, to bring consumers the Financial Education Center.
  • Great Southern Bank is a wholly owned subsidiary of Great Southern Bancorp, Inc., a public company with its common stock (ticker: GSBC) listed on the NASDAQ Global Select stock exchange.

Community Development Center Receives $170K for Rental Rehab

Retrieved on: 
Monday, February 22, 2021
Other Professional Services, Construction & Property, Finance, Banking, Professional services, Urban planning, Other Construction & Property, Residential Building & Real Estate, Southern Bancorp, Federal Home Loan Banks, Articles, Economy, Affordable housing, Southern Bancorp, Inc., the Federal Home Loan Bank of Dallas

Besides providing affordable rental housing, BGACDC also provides social, economic, recreational and educational services for low- to moderate-income African-American residents via its community center and related initiatives.

Key Points: 
  • Besides providing affordable rental housing, BGACDC also provides social, economic, recreational and educational services for low- to moderate-income African-American residents via its community center and related initiatives.
  • The $250,000 rental rehabilitation project includes restructuring existing debt and putting rehabilitated units back on the tax rolls.
  • FHLB Dallas is honored to partner with Southern Bancorp Bank to provide affordable housing opportunities in the Marvell community.
  • Southern Bancorp is a certified Community Financial Development Institution, certified B-Corp, and proud member of the Global Alliance for Banking on Values.

Great Southern Bank Commits Up to $300,000 for COVID-19 Response

Retrieved on: 
Thursday, March 26, 2020
Southern Bancorp, Companies, Regions of the United States, Economy of the United States

The funds will be distributed to agencies serving Great Southern local markets across its 11-state franchise.

Key Points: 
  • The funds will be distributed to agencies serving Great Southern local markets across its 11-state franchise.
  • Great Southern Bank operates more than a 100 offices across 11 states Arkansas, Colorado, Georgia, Illinois, Iowa, Kansas, Missouri, Minnesota, Nebraska, Oklahoma and Texas.
  • With a mission to build winning relationships with its customers, associates, shareholders and communities, Great Southern is headquartered in Springfield, Mo., with $5.0 billion in total assets.
  • The Bank is a subsidiary of Great Southern Bancorp, Inc., a public company listed on the Nasdaq Global Select stock exchange (ticker: GSBC).