The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Mission National Bank a $2,602,780 project grant under the Equitable Recovery Program (ERP) to support community development activities through December 2028. As a certified Community Development Financial Institution, Mission National Bank will use ERP funding to expand lending, grantmaking, and investments in low- and moderate-income communities disproportionately impacted by the COVID-19...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Mountain Valley Bank $2.478 million 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 to mitigate economic impacts of the COVID-19 pandemic by expanding lending, grant making, and investment activities in low- and moderate-income...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $3.72 million Project Grant to Valley First Credit Union through the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Valley First Credit Union'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...
Farmers-Merchants Bank & Trust Company (FM Bank) received a $4,957,678 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to expand lending, grant-making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The grant funding will enable FM Bank, a certified Community Development Financial Institution, to provide...
Community Bank of the Bay received a $2.4 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to expand lending, grant-making, and investment activities serving low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Through December 2028, the bank will use the funding to increase loans, investments, and financial services in underserved areas as...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Mountain Valley Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports the bank's efforts to increase investments and community development financing activities in economically distressed areas. Specifically, Mountain Valley Bank will use the funding to provide technical assistance, affordable housing financing, small business support,...
The Community Development Financial Institutions Fund (CDFI Fund) within the Department of the Treasury awarded First Bank $4,957,678 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) 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 the COVID-19 pandemic through...
Valley Partners received a $3.966 million Community Development Financial Institutions Fund Equitable Recovery Program 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 non-profit community development corporation, Valley Partners will utilize the grant funding through December 2028 to provide increased access to capital, business training, and...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to Community Bank under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Community Bank's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also enable Community Bank to...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded United Mississippi Bank $4,957,678 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The CDFI ERP aims to support Community Development Financial Institutions (CDFIs) in responding to...