Project Grant 201BE023623G

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to Bay Bank, a for-profit, American Indian-owned CDFI, on September 19, 2024. The grant funding is intended to support Bay Bank's efforts to increase investments and community development financing and service activities in economically distressed communities. Specifically, the bank plans to use the grant to offer affordable small dollar loans,...

The Federal Grant Award of $241,219 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The award supports First Bank, a for-profit Subchapter S Corporation and certified CDFI, in increasing its investments and support for other CDFIs, as well as expanding its community development financing and service activities in the most economically distressed communities. Specifically,...

The Federal Grant Award of $176,400.00 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021) on September 19, 2024. The grant supports The First National Bank of Commerce, a for-profit Subchapter S Corporation, in increasing its investments and support of certified Community Development Financial Institutions (CDFIs) and expanding its community development financing and service...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $195,776 Bank Enterprise Award (CFDA 21.021) to BOM Bank, a for-profit, FDIC-insured financial institution certified as a CDFI. The award, granted on September 19, 2024, with a project period ending on December 31, 2025, will enable BOM Bank to increase its investments and support for other certified CDFIs and expand community development financing and service activities in the most...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $279,634 Bank Enterprise Award (CFDA 21.021) to Citizens Bank & Trust Company (doing business as Citizens Bank) on September 19, 2024. This Project Grant is intended to incentivize the bank to increase its investments and support for certified CDFIs, as well as expand its community development financing and service activities in the most economically distressed communities. As a CDFI...

The Federal Grant Award of $163,012 was provided to Southern Bancorp Bank, a Community Development Financial Institution (CDFI), under the U.S. Department of the Treasury's Bank Enterprise Award (BEA) Program (CFDA 21.021). The award, dated September 19, 2024, will support the bank's efforts to increase investments and support for certified CDFIs, as well as expand its community development financing and service activities in the most economically distressed communities. The grant funding...

The $280,369 Bank Enterprise Award (BEA) Program grant awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund to Insouth Bank on September 19, 2024 supports the bank's efforts to increase investments and services for certified CDFIs. Specifically, the grant enables Insouth Bank to expand lending capabilities, make grants, increase investment activities, build organizational capacity, and deliver financial resources to minorities and businesses...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded Peoples Bank of Greensboro a $280,369 Bank Enterprise Award (CFDA 21.021) on September 19, 2024. The grant funding will enable the bank to increase its investments and support for certified CDFIs, as well as expand its community development financing and service activities targeting economically distressed communities. Specifically, the bank will utilize the grant to provide technical...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to Citizens Progressive Bank, a community bank located in Columbia, Louisiana. The grant funding will support the bank's efforts to increase investments in certified CDFIs and expand its community development financing and service activities in economically distressed communities. Specifically, the bank will use the grant to provide technical...

The federal Project Grant award of $270,526 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant enables Centennial Bank, doing business as Citizens City County Bank, to increase its investments and support for certified CDFIs, as well as expand its community development financing and service activities in the most economically distressed communities. The funding...