Commerce Bank received a $2.48 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) on April 10, 2023. The grant will support Commerce Bank's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through December 31, 2028. As a certified Community Development Financial...
The Bank of Commerce was awarded a $1,826,265 CDFI Rapid Response Program grant by the Department of the Treasury's Community Development Financial Institutions Fund. The grant will support the Bank of Commerce's ability to respond to the economic impacts of the coronavirus pandemic through the Community Development Financial Institutions Rapid Response Program (CDFI RRP). The CDFI RRP aims to support, prepare for, and respond to the economic effects of COVID-19 through Community Development...
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...
Bank of Commerce received a $3.7 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financial services through December 2028. The grant aims to expand lending, grant making, and investment in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also support building organizational capacity and acquiring technology to deliver these services. As...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Commerce Bancorp, Inc. a $701,530 Project Grant under the Community Development Financial Institutions Program. 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. The goal is to...
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 the bank's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the coronavirus pandemic in its communities. As a Community Development Financial Institution, Commercial Bank & Trust...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $1,285,000 Project Grant to Commerce Bancorp, Inc., a certified community development financial institution (CDFI) based in Greenwood, Mississippi. This federal grant, awarded on September 26, 2024, will support Commerce Bancorp's efforts to deliver financial services, loans, investments, and technical assistance to underserved communities, with a particular focus on low-income and...
Central Bank of Kansas City 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 December 31, 2023. As the stated purpose of the CDFI RRP program is to support CDFIs in preparing for and responding to the pandemic's economic effects,...
Exchange Bank And Trust Co received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support, prepare for, and respond to the economic impact of the coronavirus. The grant period runs from June 15, 2021 through February 16, 2023 and will enable the bank to deliver financial and technical assistance services to communities and businesses affected by the pandemic in the United...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $4.3 million Project Grant to Bank of Commerce & Trust Co. under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support the expansion of lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, funding will enable Bank...