Simmons Bank Commits $1.25 Million to Support Southern Bancorp Community Partners’ Minority Business Empowerment Program

May 17, 2024

https://www.prnewswire.com/news-releases/simmons-bank-commits-1-25-million-to-support-southern-bancorp-community-partners-minority-business-empowerment-program-302148913.html

Includes Simmons first EQ2 investment to support minority entrepreneurs in central Arkansas 

LITTLE ROCK, Ark., May 17, 2024 /PRNewswire/ — Simmons Bank and Southern Bancorp Community Partners (Southern Bancorp) announced an agreement for a $1.25 million investment that will support Southern Bancorp’s Minority Business Empowerment Program (MBEP), a business technical assistance program and loan fund supporting minority entrepreneurs in central Arkansas. Simmons Bank’s support includes a 10-year, $1 million Equity Equivalent (EQ2) investment and a $250,000 grant to provide technical assistance to participating MBEP businesses.

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