The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Pioneer Community Bank, Inc. a $1.8 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024) on June 15, 2021. The grant is intended to support Pioneer Community Bank's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the coronavirus pandemic in its service areas. Specifically, the CDFI RRP funding will enable Pioneer Community Bank to prepare for and respond to increased demand for financial assistance from its customers and communities affected by the public health emergency and related economic downturn through the specified completion date.
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