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Celebrating 100 Years, BankPlus 100th Anniversary: 1909-2009

Together, we are one. Together, we are strong. Together, we are BankPlus.

BankPlus Recognized for $10.6 Million to Affordable Housing

The inaugural award was announced at FHLB Dallas’ annual conference last week.

“Our members’ work in the community is a source of great pride for us at FHLB Dallas,” said FHLB Dallas President and CEO Sanjay K. Bhasin. “BankPlus is a valued member and the CARE award is a representation of our appreciation for their deep commitment toward development of their community.”

BankPlus Senior Vice President and Director of Community Development David Johnson said that housing is one of the greatest needs in Mississippi.

“Unfortunately, many people in Mississippi don’t see homeownership as a viable option,” said Mr. Johnson. “Our job as community bankers is to ensure that Mississippians are aware of their options when it comes to affordable homeownership. FHLB Dallas has been an excellent partner in helping us carry out that mission.”

Since 2007, BankPlus has invested more than $10.6 million in Mississippi communities in partnership with FHLB Dallas using the Affordable Housing Program (AHP), as well as other grant programs offered by FHLB Dallas that focus on promoting and strengthening relationships between community-based organizations, small business development, home rehab for special-needs and elderly residents and down payment and closing cost assistance for first-time homebuyers.

Developer David Watkins faces up to 25 years in prison.

Developer David Watkins has been indicted on charges of wire fraud and embezzlement for allegedly taking more than $587,000 in bond money for a construction project for his own use.

Watkins turned himself in to authorities Wednesday night after being indicted, Attorney General Jim Hood said.

Watkins was released on a $5,000 bond.

Watkins, also an attorney, couldn't be reached for comment Thursday. 

Jackson attorney Lance Stevens, spokesman for Watkins, said late Thursday that there was no criminal activity committed by Watkins. He said it was simply a dispute between business partners.

"He (Watkins) was entitled to this development fee," said Stevens, who represented Watkins in the civil case.

Stevens said Watkins cooperated fully with the attorney general's investigation and provided thousands of documents. He said the indictment was based on one mislabeled document.

Home loans through BankPlus?

Has anyone ever taken out a home loan through BankPlus? If so, do you know if they offer any kind of grants or anything like that to use towards putting a down payment on your home?

I don't know BankPlus, but I can tell you this. The type of grant/down payment assistance is not provided by banks/lenders. Typically, this is done by governmental agencies and/or housing non-profits.