How would you like to earn $3 for every dollar you put into savings? If you meet the qualifications, it’s not out of reach.
In a time when it’s just that much more difficult to save money toward a house, college or starting a small business, the Argenta Community Development Corporation could make all the difference.

…AAIDAP is funded by Arkansas Department of Workforce Services, Southern Good Faith Fund and Arkansas Economic Development Commission….

Arkadelphia, Ark. –

For years, some Arkadelphia residents have dreamed of putting a museum of some sort on a high bluff that overlooks the Ouachita River. Most perceptions of what the museum would entail, however, differ slightly.

Now their dream of developing the land and turning it into a tourist attraction can become a reality.

The W.K. Kellogg Foundation of Battle Creek, Mich., one of the 10 largest foundations in the country, has made an $11 million investment in Southern Bancorp, the Arkadelphia bank said Wednesday.

Southern will use the funds to enhance its efforts to revitalize rural communities in the Mississippi Delta. Mississippi is one of three areas of focus for the foundation, including Michigan and New Mexico, said Phil Baldwin, Southern’s chairman and chief executive officer.

GREENVILLE — For people who make $49,000 a year or less, Southern Bancorp will prepare their federal and state returns for free.

The Leland and Greenville branches has set special hours for Saturday, 10 a.m. to 3 p.m., and Leland branch manager Ashley Zepponi said those who want to take advantage of the offer does not have to be a bank customer.

With more than 140 financial institutions closing across the United States in 2009, Arkansas banks — for the most part — avoided the spotlight … that’s a good thing.

The Mississippi Delta region has an important place in American cultural history; it’s known as the home of the blues. Unfortunately, people who live in one of the 18 counties of the region might be able to tell you exactly why Delta natives sing the blues.

The region has one of the nation’s highest unemployment rates and – especially in the current recession – it is faces concentrated poverty, according to a report from the Community Affairs Offices of the Federal Reserve System and the Metropolitan Policy Program at the Brookings Institution.

For those people who cringe at the thought of preparing their income tax returns, help is now available, and it’s free of charge.

“This program is sponsored by the IRS (Internal Revenue Service) and we’re encouraging folks to get their taxes done for free,” said Blake Williams, who is with the Good Faith Fund.

Through a grant from the Pine Bluff Area Community Foundation, accounting students at SEARK received a stipend allowing them to receive extensive training on preparing the tax forms for area residents.

Arkadelphia, Ark. –

The postponement of any action on an architectural contract for the Royal Theatre and the new fire station was preceded Thursday by tense moments between city directors and management.

Royal Theatre Architectural Contract

Well before directors even talked about the subject, the Rev. Rick Mays spoke to the board as an attending citizen. Mays spoke out against an out-of-town contract that City Manager Jimmy Bolt had provided directors for consideration. The contract is with French Architects of Hot Springs.

In the rural Mississippi Delta region, many banks are turning away from individuals, small businesses and communities, depriving them of basic financial services and access to capital. But one regional bank is stepping forward with an ambitious goal: to cut poverty and unemployment in half while doubling graduation rates in underserved communities. Since 1988, Southern Bancorp has funded more than $1.7 billion in development loans in the Delta. These investments have transformed rural economies by creating new trends for investment in people, jobs, businesses and property.