BancorpSouth Adds Six New HOPE Inside Locations and Commits Nearly $1.5 Million to Operation HOPE for Financial Literacy Programs

Rhea-AI Summary

BancorpSouth Bank (NYSE: BXS) announces an investment of nearly $1.5 million over the next two years to expand its partnership with Operation HOPE, adding six new HOPE Inside locations. This initiative aims to enhance financial literacy and empower underserved communities with free educational programs.

With this expansion, BancorpSouth now operates seven HOPE Inside locations in cities including Dallas and Gulfport. The initiative underscores BancorpSouth's commitment to community support and financial inclusion.

Positive

• Investment of nearly $1.5 million to support financial literacy programs.
• Expansion of HOPE Inside locations to six additional communities.
• Seven HOPE Inside locations now support financial education and counseling.

Negative

• None.

TUPELO, Miss., Aug. 25, 2021 /PRNewswire/ -- Operation HOPE and BancorpSouth Bank (NYSE: BXS) are continuing their partnership with six additional HOPE Inside locations and the bank's investment of nearly $1.5 million over the next two years.

HOPE Inside serves adults, youth, disaster survivors, and its partners' employees with financial dignity programming and coaching to equip them with the financial knowledge and tools to create a secure future.

Headquartered in Tupelo, Mississippi, BancorpSouth has a longstanding commitment to financial literacy and inclusion. Because of its shared values with Operation HOPE and its support of HOPE Inside, underserved communities will receive financial education free of charge.

"Our partnership with BancorpSouth has grown because they are equally as passionate about changing what financial literacy looks like in this country," said John Hope Bryant, Founder and CEO of Operation HOPE. "Together, we are empowering the next generation of Americans, making them not just financially literate, but also financially confident."

Operation HOPE welcomed BancorpSouth as a "HOPE Inside" partner in 2017 when BancorpSouth launched its first "HOPE Inside" location in Memphis. BancorpSouth will carry HOPE Inside into six additional communities, three of which focus on financial wellbeing, credit counseling and HUD-certified homebuyer counseling. The other four locations also offer programming for small business development and entrepreneurship.

"BancorpSouth is committed to expanding financial literacy, access and opportunities into previously underserved areas," said BancorpSouth Chairman and CEO Dan Rollins. "Financial education helps communities and individuals prosper. We're excited to continue our partnership with organizations like Operation HOPE."

BancorpSouth's seven HOPE Inside locations now include Dallas; Gulfport, Mississippi; Houston; Jackson, Mississippi; Jackson, Alabama; Memphis, Tennessee; and Pensacola, Florida.

About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, with approximately $28 billion in assets.  BancorpSouth operates approximately 315 full-service branch locations as well as additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Georgia, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois.  BancorpSouth is committed to a culture of respect, diversity, and inclusion in both its workplace and communities. To learn more, visit our Community Commitment page at www.bancorpsouth.com; "Like" us on Facebook; follow us on Twitter and Instagram:  @MyBXS; or connect with us through LinkedIn.

About Operation HOPE, Inc.
Since 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through our community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $3.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information: www.OperationHOPE.org. Follow the HOPE conversation on Twitter, Facebook and Instagram.

 

View original content:https://www.prnewswire.com/news-releases/bancorpsouth-adds-six-new-hope-inside-locations-and-commits-nearly-1-5-million-to-operation-hope-for-financial-literacy-programs-301362840.html

SOURCE BancorpSouth Bank

FAQ

What is BancorpSouth's investment in Operation HOPE?

BancorpSouth is committing nearly $1.5 million over the next two years to support Operation HOPE's financial literacy programs.

How many HOPE Inside locations does BancorpSouth have?

BancorpSouth has expanded to seven HOPE Inside locations across various cities, including Dallas and Gulfport.

What are the benefits of the HOPE Inside program?

The HOPE Inside program provides free financial education and resources to underserved communities, aiming to enhance financial literacy and stability.

When was BancorpSouth's partnership with Operation HOPE established?

BancorpSouth became a partner of Operation HOPE in 2017.