Cdfi rapid response program award

First Independence Bank 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 designated awardee under the Community Development Financial Institutions Rapid Response Program (CFDA 21.024), First Independence Bank will utilize the grant funding to deliver services that prepare for and respond to the needs of communities facing economic hardship due to the COVID-19 health crisis. Key services may include providing capital and credit to small businesses and consumers experiencing financial difficulties resulting from the pandemic. The Rapid Response Program aims to support Community Development Financial Institutions in addressing the effects of the coronavirus through this type of targeted lending and investment.