The Department of the Treasury's Community Development Financial Institutions Fund awarded $717,900 under the Community Development Financial Institutions Program (CFDA 21.020) to South Georgia Bank Holding Company through December 2026. This Project Grant aims to promote economic revitalization and community development by providing monetary awards and training opportunities to certified and emerging Community Development Financial Institutions. Specifically, the funding will support South...
South Georgia Banking Company Inc. was awarded a $1,826,265 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support the organization's ability to respond to the economic impacts of the coronavirus pandemic by providing financial and technical assistance services to underserved communities and populations from June 2021...
The Federal Grant Award, with ID 241BE066347G, 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 $119,847 grant was awarded to South Georgia Banking Company, a for-profit certified CDFI located in Tifton, Georgia, on September 19, 2024. The purpose of the BEA Program is to incentivize FDIC-insured depository institutions to increase their investments and support of CDFIs,...
Southern Independent Bank was awarded a $3.7 million grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19. The April 2023 grant enables the bank to increase financing to underserved borrowers and communities through 2028, in keeping with the CDFI ERP's goals of responding to pandemic...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Summerville/Trion Bancshares, Inc. a $3.718 million project grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support the awardee's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also enable the...
Southwest Georgia United Empowerment Zone, Inc. received a $738,694 Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) grant from the Department of the Treasury to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a Community Development Financial Institution, Southwest Georgia United Empowerment Zone will utilize the funding through December 2028 to provide...
The Department of the Treasury Community Development Financial Institutions Fund awarded South Georgia Banking Company Inc. $271,988 under the Small Dollar Loan Program (CFDA 21.025) Project Grant to provide alternative lending options to underserved populations. Through December 2025, the grant will enable the establishment of a loan loss reserve and support technical assistance activities to develop and maintain a small dollar loan program. This program aims to increase access to affordable...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to Decatur County Bank Inc. under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support the bank's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the bank to...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Bank of Brookhaven $3.72 million under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to support pandemic recovery efforts through December 2028. The CDFI ERP provides grants to Community Development Financial Institutions (CDFIs) to expand lending, grant making, and investment activities in low- and moderate-income communities...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Commercial Bank & Trust Company $2,478,839 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) on April 10, 2023. The CDFI ERP provides grants to Community Development Financial Institutions (CDFIs) to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by...