Project Grant 101BE009727

Federal Grant Award Summary American Bancorp, Inc. received a $125,000 Project Grant from the Community Development Financial Institutions (CDFI) Fund under the Community Development Financial Institutions Program (CFDA 21.020) to deliver technical assistance services. The award, obligated on September 30, 2025, with a completion date of December 31, 2028, funds eligible activities including personnel compensation and fringe benefits, professional services, travel, training and education,...

This $295,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Bank of Commerce's participation in the Small Dollar Loan Program. Through this award ending December 2024, the Bank of Commerce will establish a loan loss reserve and receive technical assistance to provide alternative small dollar loans to underbanked populations. The Small Dollar Loan Program aims to increase access to affordable capital and credit building...

The University of Memphis was awarded a $2.8 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA #11.024) to fund the Black Wealth Advancement through New Business and Knowledge Development (BANK) initiative. BANK will provide infrastructure and staffing to raise $5.3 million in equity capital over three years to transform 20 microbusinesses annually into scalable small businesses in the technology sector....

Federal Grant Award Summary Greater State Bancshares Corp received a $150,000 Technical Assistance Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Program, CFDA 21.020) awarded on September 30, 2025. This award supports organizational capacity-building activities designed to strengthen the institution's ability to serve low-income communities and populations lacking adequate access to affordable financial products and services. Eligible...

Federal Grant Award Summary Nave Bank received a $150,000 Technical Assistance Project Grant from the Department of the Treasury Community Development Financial Institutions (CDFI) Fund under the Community Development Financial Institutions Program (CFDA 21.020), effective September 30, 2025, with a completion date of December 31, 2028. This technical assistance award is designated to build organizational capacity for CDFIs and emerging CDFIs to better serve low-income populations and...

The Bank of Winona received a $1.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the bank's efforts to prepare for and respond to the economic impacts of the coronavirus through the program completion date of December 31, 2023. As the designated Community Development Financial Institution (CDFI) serving the Winona area, the Bank of Winona will use the grant...

Commercial Bank & Trust Company was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support the bank's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the coronavirus pandemic in its communities. As a Community Development Financial Institution, Commercial Bank & Trust...

The Bank of Commerce was awarded a $1,826,265 CDFI Rapid Response Program grant by the Department of the Treasury's Community Development Financial Institutions Fund. The grant will support the Bank of Commerce's ability to respond to the economic impacts of the coronavirus pandemic through the Community Development Financial Institutions Rapid Response Program (CDFI RRP). The CDFI RRP aims to support, prepare for, and respond to the economic effects of COVID-19 through Community Development...

The Department of the Treasury Community Development Financial Institutions Fund awarded Southeast First National Bank a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the bank in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2024. Key activities to be...

Engage Federal Credit Union received a $500,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports Engage FCU's participation in the Community Development Financial Institutions Rapid Response Program, which provides capital to CDFIs working to address economic challenges resulting from the COVID-19 pandemic. Through this award, Engage FCU will deliver financial products and services to support...