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Sun Herald: Hancock Whitney is Closing Multiple Bank Branches Across South Mississippi

Sun Herald, July 15, 2021, Hancock Whitney is Closing Multiple Bank Branches Across South Mississippi

Six branch locations of Hancock Whitney Bank will close in South Mississippi at the end of the business day on Oct. 8.

It’s a sign of the times as more people bank online, and Hancock Whitney isn’t alone in closing branches.

A report from the National Community Reinvestment Coalition shows that 13,000 bank branches closed in the U.S. between 2008 and 2020 — or 14% of all branches.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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