Doing Development in Arkansas: Using Credit to Create Opportunity for Entrepreneurs Outside the Mainstream

This is the story of the Southern Development Bancorporation, an organization established in 1988 with headquarters in Arkadelphia, Arkansas, for the purpose of stimulating economic and community development in South Arkansas. Richard P. Taub chronicles this experiment in development banking, established by Bill Clinton when he was governor. Based somewhat on the model of Shorebank Corporation, a Chicago bank-holding corporation that had achieved national recognition through its development...