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Banks are closing at record rates in the US, presenting a problem for rural communities
CDFIs look to fill the void left by bigger banks
and last updated 2021-04-19 13:37:08-04
Cash a check, talk about loans, thatâs what you visit a bank for. But at Southern Bancorp, thereâs a little more to it.
âSouthern Bancorp is a CDFI, and that stands for community development financial institution,â explained Nathan Pittman, Senior VP for Policy and Communications at Southern Bancorp. âAnd that is a treasury designation for banks, credit unions, loan funds who exist to serve an underserved population.â
Banks are closing at record rates in the US, presenting a problem for rural communities kbzk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbzk.com Daily Mail and Mail on Sunday newspapers.
Banks are closing at record rates in the US, presenting a problem for rural communities abc15.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc15.com Daily Mail and Mail on Sunday newspapers.