FNB is proud to be designated by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI). As a CDFI, FNB holds an important role in generating economic growth and opportunity in the communities we serve. Learn more about CDFI>>
Our Mission
FNB is committed to improving social and economic conditions for residents and businesses in our neighborhoods in North Mississippi by offering financial products and development services tailored to their unique needs.
Our Impact
As an independent community bank, FNB’s performance is inextricably linked to the economic health of the communities we serve. In support of our mission, FNB offers or pursues various community development programs, services, and activities including:
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In our role as a CDFI bank, FNB is able to offer a wide variety of financial products that help our partners raise capital. From Tax Credit Housing to New Markets Tax Credit to Capital Magnet Funds, we are committed to creating opportunities in all of the communities we serve–large and small. By investing in all areas, geographically and economically, we are more than a bank, we are placemakers.
CDFI Bank
As a CDFI bank, FNB holds an important role in generating economic growth and opportunity in the communities we serve. We strive to empower communities with accessible financing for small businesses, affordable housing, and essential community facilities. We go beyond traditional banking by offering credit-building, financial education and investments that strengthen underserved areas. Together, we’re building stronger, more resilient communities.
Affordable Housing
Our bank is committed to creating affordable housing through strategic use of housing tax credits, housing trust funds, and Federal Home Loan Bank resources. By leveraging these programs, we’re able to provide financing for new and renovated homes that strengthen communities and offer stability to low-income families. We’re proud to help make safe, quality housing for those that need it most.
FNB Community Fund
A Community Development 501 (c)(3)
The FNB Community Fund, a non-profit organization, was established to help underserved and underbanked working individuals and families grow through providing financial education and funding options better suited to their needs. The organization is advised by a Board of Directors, including bank representatives and local stakeholders from the communities we serve. The FNB Community Fund is committed to implementing affordable housing initiatives including housing down-payment assistance and owner-occupied rehab loans. Providing financial education and counseling programs is also an important part of the work of the FNB Community Fund.
New Markets Tax Credit
Our bank’s Community Development Entity, FNB Community Partners, is dedicated to revitalizing underserved communities through the New Markets Tax Credit program, providing essential financing for projects that bring jobs, services, and economic growth to low-income areas. By leveraging these credits, we help fund vital community businesses and facilities, driving sustainable development and creating opportunities where they are needed most.
Low-Income Housing Tax Credits
Another way our bank revitalizes underserved communities is by working with our partners involved in the Low-Income Housing Tax Credit (LIHTC) program, which provides essential financing for low-income affordable rental housing. This program was created as an incentive for private developers and investors to provide more low-income housing when they normally would not. Our bank also seeks to use CDFI programs, such as the Capital Magnet Funds, to attract additional investment to finance vibrant, inclusive neighorhoods and increasing access to affordable housing for low-income families, creating lasting, positive change.
Additional Community Development Resources
- FNB Community Fund (website coming soon)
- Enrich Financial Wellness
- FNB Language Assistance Program
- Mississippi Home Corporation
- CDFI Fund – U.S. Department of the Treasury
Contact Information
To learn more about FNB’s Community Development efforts, please contact James Harper, CDFI Coordinator at (662) 234-2821 or send an on-line inquiry through our website.
