The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $550,000 Project Grant to FBT Bancshares, Inc., a certified CDFI, on September 26, 2024. The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this Project Grant, FBT Bancshares, Inc. will utilize the funding to provide...
This $835,000 federal Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to C B & T Bancshares Inc. The grant funding will support the CDFI program's goal of promoting economic revitalization and community development through investments in certified and emerging CDFIs. Specifically, the grant will empower C B & T Bancshares, a for-profit organization, to grow, achieve sustainability, and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.5 million Project Grant to FBT Bancshares, Inc. under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award, which runs from June 2021 through December 2023, will support FBT Bancshares' ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of the coronavirus pandemic. As a...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to FBT Bank & Mortgage under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding supports the bank's initiatives 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. Specifically, the grant enables FBT Bank &...
This $125,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support technical assistance activities through September 2026. Under the Community Development Financial Institutions Program (CFDA 21.020), First State Bancorp Inc. dba First State Bank will build the organizational capacity of certified and emerging Community Development Financial Institutions. They will provide services such as professional expertise, training, and...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Franklin Bancorp, Inc. a $482,900 project grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The CDFI Program uses financial and training awards to build the capacity of certified Community Development Financial Institutions (CDFIs) and enable them to provide capital and financial services that drive community development and revitalization in...
This $300,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Bay Bancorporation, Inc.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income communities and populations across the United States per the objectives of the CFDA 21.020 Community Development Financial Institutions Program. Awarded on December 8, 2021 with a completion date of...
This $500,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Black Business Investment Fund, Inc. in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The goal is to build the CDFI's financial capacity to lend to low-income communities and individuals who lack adequate access to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 project grant to Franklin Bancshares, Inc., a for-profit community development financial institution (CDFI), on September 26, 2024. This grant, provided under CFDA 21.020 - Community Development Financial Institutions Program, is intended to invest in and build the capacity of Franklin Bancshares to drive economic revitalization, create jobs, build businesses, and foster...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Grant Bancshares, Inc. a $701,530 Project Grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The grant funding will support Grant Bancshares' provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The intended outcomes are to...