BankPlus

BankPlus is a regional community bank founded in 1909 and based in Ridgeland, Mississippi. It has operated as a privately held community bank for over 100 years and is now a full-service regional bank covering retail banking, commercial banking, mortgage lending, and wealth management across Mississippi, Louisiana, and Alabama.

Its commercial real estate lending is structured around the development cycle. Land and lot acquisition loans are short-term facilities for buying a tract held for future development or building. Land and lot development loans fund clearing, grading, engineering, street-cutting, utility lines, and paving to prepare a tract for construction. Construction financing and permanent financing or refinancing follow once building starts and completes. The bank says it works proactively and responds quickly to reduce turnaround times.

Business customers also get commercial deposit accounts, business rewards credit cards, and treasury services. The wealth management arm covers investment management, trust and estate administration, family office services, and FuturePlus, its 401(k) offering, where the bank serves as 3(38) fiduciary selecting and monitoring plan investments and 3(21) fiduciary for advice to participants.

BankPlus created The Source, a network giving Mississippi women in business access to capital, education, and networking events, and works with community-based partners on community development lending. Customer service is on 888-811-7587. Loan minimums, recourse terms, and cash-out policies are not published.