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 BNA Bank, a for-profit financial institution headquartered in New Albany, Mississippi. This Project Grant, awarded on September 19, 2024, with a completion date of December 31, 2025, is intended to support BNA Bank's increased investments and activities to provide community development financing and services in economically distressed...
The Community Development Financial Institutions Fund (CDFI Fund) awarded BNA Bank $4,957,678 under the CDFI Equitable Recovery Program (CDFI ERP, CFDA 21.033) on April 10, 2023. The award will support BNA Bank's activities through December 31, 2028. Specifically, the funding will enable BNA Bank to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. This includes deploying $4.9M in financial...
The Department of the Treasury's Community Development Financial Institutions Fund awarded BNA Bancshares, Inc. a $690,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant funding will support BNA Bancshares' 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. The goal is to build BNA Bancshares' capacity to lend and...
The Citizens National Bank of Meridian (CNBM) was awarded a $1.8 million Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP). The funding will support CNBM's ability to respond to the economic impacts of the coronavirus pandemic by providing financial and technical assistance to underserved communities and populations between June 2021 and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.8 million Project Grant to First National Bank of Picayune, Mississippi on June 15, 2021 through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The grant supports the bank's ability to respond to the economic impacts of the coronavirus pandemic by providing financial and technical assistance to underserved communities and populations through...
The Bank of Franklin received a $1.8 million award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The funding will support the bank's efforts to prepare for and respond to the economic impacts of the coronavirus pandemic through March 2023. As the recipient of a Project Grant through the CDFI RRP, the Bank of Franklin will use the federal funds to deliver programs and services that address the needs of communities and...
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 Commercial Bank's ability to respond to the economic impacts of the coronavirus through December 31, 2023. As a Community Development Financial Institution, Commercial Bank will use the funding to provide financial and technical assistance to...
The Bank of Brookhaven 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 ability to respond to the economic impacts of the coronavirus pandemic through the program completion date of February 10, 2023. As the designated awardee, Bank of Brookhaven will utilize the grant funding to deliver services that prepare for and respond to the...
Bay Bank was awarded a $1,826,265 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant period runs from June 15, 2021 through March 7, 2023 to support Bay Bank's ability to respond to the economic impacts of the coronavirus pandemic in its service areas. Specifically, the funding will enable Bay Bank to provide financial and technical...
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...