This federal Project Grant award of $280,369 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The funding is intended to support Cross Keys Bank, a for-profit Subchapter S corporation located in St. Joseph, Louisiana, in increasing its investments and support of CDFIs, as well as expanding its community development financing and service activities in the most economically...
The Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), administered by the U.S. Department of the Treasury, awarded Cross Keys Bank $2,478,839 through a Project Grant to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19. Specifically, the CDFI ERP grant funds will enable Cross Keys Bank to provide $2.5 million in loans, equity investments, deposits, and technical assistance...
This $280,369 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the Bank Enterprise Award (BEA) Program (CFDA 21.021), supports Commercial Bank & Trust Company's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs). The funding will enable the bank to expand its community development financing and service activities in the most economically distressed...
The federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will support American Bancshares, Inc., a for-profit organization, in delivering financial services, loans, investments, and technical assistance to underserved communities. The CDFI Program aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. This award, with a...
This $500,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Black Business Investment Fund, Inc. in delivering financial products, financial 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 the CDFI's financial capacity to lend to low-income communities and individuals who lack adequate access to...
This $400,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Security Bank and Trust Company's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee in building its financial capacity to lend to low-income communities and individuals who lack adequate...
This $717,900 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support United Bancorporation of Alabama Inc., doing business as United Bank, in delivering services under the Community Development Financial Institutions Program. The CDFI Program provides $717.9K in monetary awards and training opportunities to certified Community Development Financial Institutions and emerging CDFIs to promote economic revitalization and community...
This $125,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support technical assistance activities through September 2026. Under the Community Development Financial Institutions Program (CFDA 21.020), First State Bancorp Inc. dba First State Bank will build the organizational capacity of certified and emerging Community Development Financial Institutions. They will provide services such as professional expertise, training, and...
The federal Project Grant award of $280,369 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant aims to incentivize FDIC-insured depository institutions, such as First Community Bank NA, to increase their investments and support of certified CDFIs, as well as expand community development financing and service activities in economically distressed communities. Eligible...
This $610,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Bancorp of Louisiana, Inc. (doing business as United Community Bank) in delivering services under the Community Development Financial Institutions Program. The CDFI Program promotes economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions like United Community Bank....