The federal Project Grant award of $1,110,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Grant Bancshares, Inc., a community development corporation, on September 26, 2024. This funding supports Grant Bancshares' efforts to promote economic revitalization and community development by delivering financial services, loans, investments, and technical assistance to underserved low-income, Native American, and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to IBC Bancorp Inc., a minority-owned for-profit organization, on September 26, 2024. This grant, under the CFDA program number 21.020, aims to support the CDFI's efforts to promote economic revitalization and community development in underserved areas, including Native American and low-income communities. The funding will enable the CDFI to deliver financial...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 Project Grant to C B & T Bancshares Inc. on Sep 26, 2024. This grant, provided under the CFDA program 21.020 Community Development Financial Institutions Program, aims to empower native CDFIs to create jobs, build businesses, and foster economic self-determination in native communities nationwide. The grant will fund monetary awards and training opportunities to help C B &...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded FBT Bancshares, Inc. a $476,530 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant funds will support economic revitalization and community development through the provision of financial products, services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. As a...
The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund, awarded a $900,000 Project Grant to First National Bancorp, Inc. on September 26, 2024. This CFDA 21.020 grant aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. Through this funding, First National Bancorp, Inc. will deliver financial services, loans,...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to American Bancshares, Inc. on November 21, 2024. This grant, provided through the CFDA 21.020 CDFI Program, aims to support the capacity building, lending, and organizational infrastructure development of the awardee, a for-profit community development financial institution, to better serve low-income, Native American, and economically disadvantaged populations in the...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Beneficial State Bancorp, Inc. a $525,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant funds will support Beneficial State Bancorp's 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 overall goal is to build...
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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 Project Grant to the Southeast Arkansas Bank Corporation on September 26, 2024. This grant, provided under the CFDA 21.020 Community Development Financial Institutions Program, will enable the bank to offer financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities in the United States through...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Franklin Bancshares, Inc. a $476,530 Project Grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The grant funding will support Franklin 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 goal is to build...