Southern Bancorp CEO Darrin Williams has been appointed by the White House to the 15-member board that advises the Community Development Financial Institutions (CDFI) Fund.
The CDFI Advisory Board consists of 15 members, including the secretaries of the departments of agriculture, commerce, housing and urban development, interior and treasury as well as the administrator of the Small Business Administration or his or her designee.
“I am honored and excited about the opportunity to work with the White House and leaders from around the country in advising this key institution responsible for directing capital and financial services to America’s most underserved communities,” Williams said in a statement. “As the leader of one of America’s original and oldest CDFIs, serving rural and urban communities in the mid-South, I look forward to ensuring that our customers’ stories and perspectives are heard during the development of policies affecting them.”
Williams oversees the three CDFIs that fall under the”Southern” umbrella — Southern Bancorp Inc., a bank holding company; Southern Bancorp Bank, one of America’s largest rural development banks; and Southern Bancorp Community Partners, a 501(c)(3) development finance and lending organization.
All told, the organization has $1.9 billion in assets, more than 65,000 customers and 52 locations across the region.