Bank of Commerce Approves $274K Loan for Itta Bena Water, Sewer Improvements

Funding will support critical infrastructure upgrades in the Mississippi community.

Mar. 11, 2026 at 8:23pm

Bank of Commerce has announced the approval of a $274,000 loan to the City of Itta Bena, Mississippi to support critical water and sewer system improvements. The loan will provide matching funds required for the city's Mississippi Community Water Infrastructure (MCWI) Grant, allowing Itta Bena to modernize and improve its existing water and sewer infrastructure.

Why it matters

Strong water and sewer infrastructure is essential for economic development and quality of life in communities. This investment in Itta Bena's systems will help ensure reliable service for residents and businesses while addressing aging components identified in the city's engineering report.

The details

The funding from Bank of Commerce will assist the City of Itta Bena in modernizing and improving its existing water and sewer infrastructure. The loan will provide the matching funds required for the city's Mississippi Community Water Infrastructure (MCWI) Grant, allowing critical upgrades to be made to address aging system components.

  • Bank of Commerce announced the $274,000 loan approval on March 11, 2026.

The players

Bank of Commerce

A community bank founded in 1904 that remains committed to supporting local municipalities, businesses, and families across Mississippi through relationship-driven banking and community-focused lending.

City of Itta Bena

The recipient of the $274,000 loan from Bank of Commerce to support critical water and sewer system improvements in the Mississippi community.

Timothy Stanciel

The Senior Vice President and CRA Officer at Bank of Commerce.

Bryan Thornhill

The President and CEO of Bank of Commerce.

Mary Tyes-Williams

The Mayor of the City of Itta Bena and the city's representative for the project.

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What they’re saying

“This project represents an important investment in the health, safety, and future of Itta Bena.”

— Timothy Stanciel, Senior Vice President and CRA Officer

“Supporting projects that strengthen local infrastructure is an important part of our commitment to the communities we serve.”

— Bryan Thornhill, President and CEO

“Reliable water and sewer systems are vital to our community. This partnership with Bank of Commerce allows us to move forward with much-needed upgrades that will benefit our residents today and support growth in the years ahead.”

— Mary Tyes-Williams, Mayor

What’s next

The City of Itta Bena will formally authorize the loan through an adopted resolution, and Mayor Mary Tyes-Williams will serve as the city's representative for the project.

The takeaway

This investment in Itta Bena's water and sewer infrastructure by Bank of Commerce highlights the importance of community banks supporting critical local projects that improve quality of life and enable future growth. The partnership between the bank and the city demonstrates a shared commitment to strengthening the community's foundations for long-term prosperity.