Jul 23, 2020 | Blog, Financial Fitness
By Charlestien Harris So far we’ve talked about debt management plans and debt consolidation. In the final blog for my debt elimination series, I’ll be discussing debt settlements. The prospect of paying less than you owe — far less in some cases — makes debt...
Jul 20, 2020 | Blog, Financial Fitness
By Charlestien Harris: Hello my financial fitness trainees. I am back again to talk about ways to manage debt. If you are overwhelmed by the sheer volume of bills arriving at your home every month, debt consolidation may be the debt-relief program you need, but only...
Jul 16, 2020 | Blog, Financial Fitness
By Charlestien Harris During this time of uncertainty, a lot of people are being forced to make dire decisions that could affect their financial future for a very long time. If your financial problems stem from too much debt or your inability to repay your debts, the...
Jul 15, 2020 | News, Press Releases
Allocation among more than $3.5 billion in credits awarded by CDFI Fund LITTLE ROCK, ARK. – Southern Bancorp Bank announced today that it had been selected by the Community Development Financial Institutions Fund (CDFI Fund) to receive $50 million in New Markets Tax...
Jul 14, 2020 | Blog, Super Saver
By Rebekah Kinder Last year around this time, I wrote a blog post on saving for school. As I sit here thinking about what this school year may look like, I find myself hoping for normal, but in reality we may only find a portion of normal when August comes or weeks /...
Jul 9, 2020 | Blog, Financial Fitness
By Charlestien Harris You might say, “I don’t have any money to save right now,” but in actuality this is the best time to look at saving money. The pandemic has had a devastating effect on many families’ finances but unfortunately, I am sure this will not be the...
Jul 9, 2020 | News, Press Releases
LITTLE ROCK – Southern Bancorp recently announced the promotions of Jeremy Hurst and Josh Newsom to City Presidents in Hernando and Olive Branch, Mississippi. Hurst previously served as Senior Vice President of Commercial Lending in Hernando. Newsom began his career...
Jul 8, 2020 | Public Policy
Mississippi Governor Tate Reeves signs a proclamation designating Mississippi Saves Week. Last week, Governor Reeves signed HB 597 into law, adding a second line for savings for the 2021 tax year. By James Owen Mississippians have a powerful new tool to save money,...
Jul 8, 2020 | Public Policy
On July 7, the Consumer Financial Protection Bureau (CFPB) announced that it had revoked the mandatory underwriting provisions of the 2017 Payday Lending Rule. This removed the requirement that payday lenders first determine a potential borrower’s ability to repay...
Jul 1, 2020 | Blog, Financial Fitness
I am often asked what is net worth and why knowing it so important to my financial health? Net worth is a measure of wealth. Specifically, it is the total of what you own minus the total of what you owe. You can calculate your net worth by subtracting your...
