Exactly Exactly How A Tiny Bank Plays A Huge Role In Inclusive Economic Development Within The Mississippi Delta

Exactly Exactly How A Tiny Bank Plays A Huge Role In Inclusive Economic Development Within The Mississippi Delta

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O’Keefe is a big deal in this tiny city into the heart associated with the Mississippi Delta. When house to millionaire cotton farmers, Clarksdale is, just like the remaining portion of the Delta, about 80% African United states. Its populace of approximately 16,000 to 18,000 individuals, was decreasing for many years.

Bubba O’Keefe, supported by Southern Bancorp CEO Darrin Williams, assesses damage in Paramount Theater . [+] from the phase.

Credit: Devin Thorpe

A white guy in a largely black city, O’Keefe may be the city’s official, compensated manager of tourism and appears to know everybody in the city, including all of the over night visitors. He greets everyone who passes by as we sit and chat on the sidewalk outside the small bistro in one of his buildings, an old Woolworth’s store that had sat empty for decades.

While he is at no risk of being put into the Forbes 400 list any time in the future, O’Keefe is successful by the requirements for the city. He owns more structures than he is able to count right right right here. He keeps the secrets to their many structures in a old bank deposit bag; you will find lots of sets of tips. He claims he’s got ten or twelve loans with Southern Bancorp, such as the one in the Paramount.

O’Keefe sees the city in much the same manner as he views the movie theater utilizing the roof timbers now seated in a stack where an market ought to be. he’s confident that the roof could be fixed, plus the theater may be restored—or if you don’t restored, repurposed. Continue reading

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