Farmers-Merchants Bank & Trust Company (FM Bank) received a $1,826,265 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The two-year award ending December 31, 2023 will support FM Bank's ability to respond to the economic impacts of the coronavirus pandemic on its customers and community. The CDFI RRP aims to bolster Community Development Financial Institutions' capacity to provide support, preparedness, and response efforts in light of COVID-19 economic challenges. FM Bank will utilize the grant funding to deliver services supporting its customers and community during the ongoing health crisis.
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