Business First Bancshares: joins the REACh project to help minority banks
Baton Rouge, Louisiana – b1BANK is pleased to announce its partnership with Project REACh, an interagency initiative led by the Office of the Comptroller of the Currency (OCC). REACh, or Round Table for Economic Access and Change, brings together community leaders to reduce specific barriers to full, equal and fair participation in the country’s economy.This collaboration is part of the bank’s ongoing Community Development and Economic Development and Sustainability (CSI) Initiative, which seeks collaborative opportunities that can meet the needs of underserved people in the bank’s communities.
“B1BANK responds to the need for greater financial inclusion, which is why we are striving to develop closer relationships with community banks that serve low and moderate income census tracts,” said Jesse Jackson, vice-president. executive chairman and chairman of the b1BANK financial institutions group. . “When it comes to financial inclusion, b1BANK understands the material business benefits and social impact of the commitment to support Project Reach. “
B1BANK’s intention is to help minority deposit-taking institutions (MDIs) remain a dynamic part of the economic landscape and better promote fair, equal and full access to financial products and services in their communities. As a REACh project partner, b1BANK will work with individual MDIs to identify investment opportunities that will benefit the MDI. The bank will also help MDI to implement new and relevant products and services, innovative technology initiatives, seek opportunities to expand the reach of MDI, and connect MDI to community leaders and organizations for business and growth opportunities. .
About Business First Bancshares, Inc.
Business First Bancshares, Inc., through its banking subsidiary b1BANK, formerly known as Business First Bank, operates 42 banking centers and two loan production offices in the Louisiana and Dallas area markets. , in Texas. b1BANK provides commercial and personal banking, cash management and wealth solutions to small and medium businesses as well as their owners and employees. Visit www.b1BANK.com for more information. Business First common stock trades on the NASDAQ Global Select Market under the symbol “BFST”.
The statements contained in this press release may not be based on historical fact and may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by reference to future periods . or by the use of forward-looking terminology, such as “anticipate”, “estimate”, “expect”, “foresee”, “may”, “could”, “may”, “wish”, “could” “Or” could “or” could “, ‘the tenses of verbs in the future or conditional, and variations or negatives of these terms. Any forward-looking statement speaks only as of the date of this press release, and Business First assumes no obligation, and specifically disclaims any obligation, to revise or update such forward-looking statements, whether as a result of new information, future developments or others.