Simmons Bank pledged $15 million in St. Louis investments after the purchase of Des Peres-based Reliance Bank.
Arkansas-based Simmons plans to open a retail branch in a low-income minority neighborhood, spend $500,000 investing in the Gateway Neighborhood Mortgage loan fund, set small-business loan goals and put aside $60,000 a year for charities.
The three-year agreement was reached with the St. Louis Equal Housing and Community Reinvestment Alliance.
Read more from the St. Louis Business Journal.
Adrianna Norris became a first-time business owner with the opening of Finley River Chiropractic; PaPPo’s Pizzeria & Pub launched its newest location; and Huey Magoo’s opened its second store in the Ozarks.