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 (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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $127,638 Project Grant to Franklin State Bank & Trust Company under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The funding will support the bank's investments and activities to increase community development financing and services in economically distressed communities. Specifically, the grant will enable Franklin State Bank & Trust, a certified CDFI, to provide...
The Bank of Franklin was awarded a $280,369 Project Grant from 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 grant is intended to support the bank's efforts to increase investments and community development financing and service activities in the most economically distressed communities it serves. Specifically, the funding will enable Bank of Franklin to expand access to financial...
This $701,530 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support The First Bancshares, Inc. (doing business as Thefirst) 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 funding aims to promote economic revitalization and community development by building the awardee's capacity to...
The federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will support American Bancshares, Inc., a for-profit organization, in delivering financial services, loans, investments, and technical assistance to underserved communities. The CDFI Program aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. This award, with a...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $425,000 under the Community Development Financial Institutions Program (CFDA 21.020) to St. Francisville Bancshares, Inc. doing business as St Francisville Banc Shares Inc. The three-year project grant will support the CDFI Fund's mission to promote economic revitalization and community development through investments in certified Community Development Financial Institutions. Specifically, the funding...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to First Malden Bancshares, Inc. dba First National Bank on November 21, 2024. The grant, authorized under CFDA 21.020, is intended to invest in and build the capacity of the recipient CDFI, empowering it to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American and low-income communities. The award will...
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 $450,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will support Sequatchie County Bancorp, Inc., a for-profit organization, in delivering financial services, loans, investments, and technical assistance to underserved communities in the United States. The award, which runs from September 2024 through December 2027, aims to build the capacity of this CDFI, enabling it to grow, achieve...