BancPlus Corporation (“BancPlus” or “the company”) is a commercially oriented $8.4 billion bank holding company based in Ridgeland, MS. 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 73 locations across MS, LA, AL, and FL, ranking 4th in MS by deposits and assets. BankPlus is a certified Community Development Financial Institution (CDFI), 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 expanded the bank’s branch network into LA. In 1Q22, the…
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