Merchants and Planters Bank

713500

120 Hazel Street, Newport, AR, 72112  

Merchants and Planters Bank traces its roots back to 1946 in Tupelo, Arkansas, when the nation was recovering from World War II. Businesses and agricultural operations were expanding, and the financial needs for local farmers and merchants were also growing as the economy was on a post-war fast track. To help meet those financial needs


Merchants and Planters Bank traces its roots back to 1946 in Tupelo, Arkansas, when the nation was recovering from World War II. Businesses and agricultural operations were expanding, and the financial needs for local farmers and merchants were also growing as the economy was on a post-war fast track. To help meet those financial needs, several community leaders had a dream of a local community-minded Bank serving the local community. That philosophy began a tradition that hasn't changed in over 75 years.

J.H. Snapp, owner of the Bank of Tupelo, acquired permission to move the Bank of Tupelo charter to Newport and rename the organization Merchants and Planters Bank. The Bank of Tupelo brought a rich tradition of customer Banking principles to Newport. The founding fathers: D.H. Burton, W.A. McCartney, Ralph McDonald, Sr., P.K. Holmes, Jr., R.C. Biggadike, J.A. Thompson, Jr., Fred M. Pickens, Sr., Robert G. Holden and P.L. Copeland had a dream, and that was a Bank owned by the people, for the people. That dream prompted others, 43 to be exact, to raise the capital necessary to finance Merchants and Planters Bank.

Since those early days, Merchants and Planters has grown and expanded into five counties, with a total of twelve Banking locations. In addition to full service Banking, we offer a full line of insurance and investment products through M&P Insurance and Investments Services. Both companies are under the umbrella of M&P Community Bancshares, the holding company for Merchants and Planters Bank.


LENDING PROFILE

Merchants and Planters Bank arranges the following loan types:
  • RESIDENTIAL: Hard Money , FHA , USDA , Construction loans , HELOC , VA
  • COMMERCIAL: Hard Money 1st, Hard Money 2nd , Portfolio
  • LAND: Hard Money
Lending territories: AR

Results

Qualifications

Loading available loan programs ...
Please wait a moment.

97%
96.5%
95%
90%
85%
80%
75%
70%
65%
60%
55%