Federal Reserve: Community Bank of Mississippi Ownership Plan Moves Forward
August 15, 2025
August 15, 2025
WASHINGTON, Aug. 15 (TNSFR) -- A proposal to increase the ownership stake of an employee stock ownership plan in Community Bank of Mississippi, Flowood, is under consideration by the Federal Reserve. The Community Bancshares of Mississippi Inc. Employee Stock Ownership Plan has applied for approval to acquire additional voting shares of its parent company, Community Bancshares of Mississippi Inc. This action would result in the employee plan gaining a larger indirect ownership of the bank.
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