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.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154