{"id":538229,"date":"2021-09-14T16:33:31","date_gmt":"2021-09-14T20:33:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/"},"modified":"2021-09-14T16:33:31","modified_gmt":"2021-09-14T20:33:31","slug":"bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/","title":{"rendered":"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">TUPELO, Miss.<\/span>, <span class=\"xn-chron\">Sept. 14, 2021<\/span> \/PRNewswire\/ &#8212; BancorpSouth Bank (NYSE: BXS) is pleased to announce that its subsidiary BXS Community Fund, LLC, which is a Community Development Entity (&#8220;CDE&#8221;), has been awarded a <span class=\"xn-money\">$50 million<\/span> New Markets Tax Credit (NMTC) allocation that will spur investments and economic growth in low-income urban and rural communities.<\/p>\n<p>BXS Community Fund is one of 100 CDEs, selected from a pool of 208 nationwide applicants, to receive a tax credit allocation, administered by the U.S. Department of the Treasury&#8217;s Community Development Financial Institutions Fund (CDFI Fund).<\/p>\n<p>&#8220;We&#8217;re pleased to receive this award to assist with our efforts to increase investments in disadvantaged businesses and communities while providing highly accessible jobs, health care and access to fresh foods,&#8221; said BancorpSouth President and COO <span class=\"xn-person\">Chris Bagley<\/span>.<\/p>\n<p>The NMTC allocation will be used to provide capital to high-impact projects throughout the Southeast, focusing on the following areas:<\/p>\n<ol type=\"1\">\n<li>Manufacturing\/industrial businesses that create quality and accessible jobs; <\/li>\n<li>Providing healthcare to underserved communities; and <\/li>\n<li>Groceries that increase access to healthy foods. <\/li>\n<\/ol>\n<p>All projects will be located in highly distressed, low-income communities as defined by the CDFI Fund. To learn more about BXS Community Fund, please contact BancorpSouth Tax Credit Manager <span class=\"xn-person\">Will Shurtleff<\/span> at 601-607-4597 or <a href=\"mailto:will.shurtleff@bxs.com\" rel=\"nofollow\">will.shurtleff@bxs.com<\/a>.<\/p>\n<p>\n        <b>About BancorpSouth Bank<br \/><\/b>BancorpSouth Bank (NYSE: BXS) is headquartered in <span class=\"xn-location\">Tupelo, Mississippi<\/span>, with approximately <span class=\"xn-money\">$28 billion<\/span> in assets.\u00a0 BancorpSouth operates approximately 315 full-service branch locations as well as additional mortgage, insurance, and loan production offices in <span class=\"xn-location\">Alabama<\/span>, <span class=\"xn-location\">Arkansas<\/span>, <span class=\"xn-location\">Georgia<\/span>, <span class=\"xn-location\">Florida<\/span>, <span class=\"xn-location\">Louisiana<\/span>, <span class=\"xn-location\">Mississippi<\/span>, <span class=\"xn-location\">Missouri<\/span>, <span class=\"xn-location\">Tennessee<\/span> and <span class=\"xn-location\">Texas<\/span>, including an insurance location in Illinois.\u00a0 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 <a href=\"http:\/\/www.bancorpsouth.com\" rel=\"nofollow\">www.bancorpsouth.com<\/a>; &#8220;Like&#8221; us on Facebook; follow us on Twitter and Instagram:\u00a0 @MyBXS; or connect with us through LinkedIn.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL06473&amp;sd=2021-09-14\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation-301376713.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation-301376713.html<\/a><\/p>\n<p>SOURCE  BancorpSouth Bank<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL06473&amp;Transmission_Id=202109141630PR_NEWS_USPR_____CL06473&amp;DateId=20210914\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire TUPELO, Miss., Sept. 14, 2021 \/PRNewswire\/ &#8212; BancorpSouth Bank (NYSE: BXS) is pleased to announce that its subsidiary BXS Community Fund, LLC, which is a Community Development Entity (&#8220;CDE&#8221;), has been awarded a $50 million New Markets Tax Credit (NMTC) allocation that will spur investments and economic growth in low-income urban and rural communities. BXS Community Fund is one of 100 CDEs, selected from a pool of 208 nationwide applicants, to receive a tax credit allocation, administered by the U.S. Department of the Treasury&#8217;s Community Development Financial Institutions Fund (CDFI Fund). &#8220;We&#8217;re pleased to receive this award to assist with our efforts to increase investments in disadvantaged businesses and communities while providing highly accessible jobs, health care and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538229","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TUPELO, Miss., Sept. 14, 2021 \/PRNewswire\/ &#8212; BancorpSouth Bank (NYSE: BXS) is pleased to announce that its subsidiary BXS Community Fund, LLC, which is a Community Development Entity (&#8220;CDE&#8221;), has been awarded a $50 million New Markets Tax Credit (NMTC) allocation that will spur investments and economic growth in low-income urban and rural communities. BXS Community Fund is one of 100 CDEs, selected from a pool of 208 nationwide applicants, to receive a tax credit allocation, administered by the U.S. Department of the Treasury&#8217;s Community Development Financial Institutions Fund (CDFI Fund). &#8220;We&#8217;re pleased to receive this award to assist with our efforts to increase investments in disadvantaged businesses and communities while providing highly accessible jobs, health care and &hellip; Continue reading &quot;BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-14T20:33:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL06473&amp;sd=2021-09-14\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation\",\"datePublished\":\"2021-09-14T20:33:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\\\/\"},\"wordCount\":331,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL06473&amp;sd=2021-09-14\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\\\/\",\"name\":\"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation - 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BXS Community Fund is one of 100 CDEs, selected from a pool of 208 nationwide applicants, to receive a tax credit allocation, administered by the U.S. Department of the Treasury&#8217;s Community Development Financial Institutions Fund (CDFI Fund). &#8220;We&#8217;re pleased to receive this award to assist with our efforts to increase investments in disadvantaged businesses and communities while providing highly accessible jobs, health care and &hellip; Continue reading \"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-14T20:33:31+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL06473&amp;sd=2021-09-14","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation","datePublished":"2021-09-14T20:33:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/"},"wordCount":331,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL06473&amp;sd=2021-09-14","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bancorpsouth-subsidiary-bxs-community-fund-llc-awarded-50-million-new-markets-tax-credit-allocation\/","name":"BancorpSouth Subsidiary BXS Community Fund, LLC Awarded $50 Million New Markets Tax Credit Allocation - 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