Phillips County News - One Nation, Under God

By Mark Hebert

Christmas Scrip totals slightly down, but program remains popular in Phillips County


January 15, 2020

Phillips County residents kept a total of $239,368 of their local dollars in the 2019 holiday season as a result of participating in the annual Christmas Scrip program hosted by the three Malta banks and the Malta Area Chamber of Commerce.

The total from 2019 was slightly down $26,312 from the total Christmas Scrip spent in 2018, but reports from some Malta Merchants said the holiday season was great even with the scrip total slightly down. For the past four decades, this low-interest loan program has been available at all three local banks; The First State Bank of Malta, Independence Bank, and Bank of Malta and co-sponsored by the Malta Chamber of Commerce. Christmas Scrip offers up $1,000 in loans that are paid back in 10 monthly installments and this year kicked off at this year’s Octoberfest Celebration and ran until Christmas Eve.

Christmas Scrip continues to be a valuable program for local residents to shop at home and spread out the financial cost of the holidays or those big expenses, throughout the year.


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