BancPlus Corporation Surveillance Report

Company Profile

BancPlus Corporation (“BancPlus” or “the company”) is a commercially oriented $7.8 billion bank holding company based in Ridgeland, Mississippi. The BHC is closely held, with a sizable Employee Stock Ownership Program. The lead subsidiary, BankPlus (“the bank”), is a full-service banking operation with 100+ years of operating history and 81 locations across Mississippi, Louisiana, Alabama, and Florida. The bank ranks 5th in Mississippi by deposits and assets. BankPlus is a certified CDFI (Community Development Financial Institution), with an emphasis on serving underbanked households. CDFI status affords access to federal funding programs designed to incentivize financing for economically disadvantaged communities.
The company’s growth was fueled by a number of acquisitions in the 1990s, after which, the company focused largely on organic growth until its 2Q20 acquisition of State Capital Corp. (“SCC”), which added $1.1 billion in assets and…

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