Project Grant 22ERP060948G
Award Date
4/10/23
Completion Date
12/31/28
Dollars Obligated
$5M
Federal Agency
Community Development Financial Institutions Fund
Awardee
Fidelity Bank (VLP8EKH3D6F5)
Federal Grant Program
21.033
Assistance Type
Project Grant
Place of Performance
United States
Similar Awards
The Federal Grant Award of $280,369 was provided to Fidelity Bank 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 purpose of the award is to incentivize FDIC-insured depository institutions to increase their investments and support for certified CDFIs, and expand their community development financing and service activities in the most economically distressed communities. The grant...
The First Bank received a $6.2 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The grant aims to expand The First Bank's capital access and financial services for underserved borrowers and communities through December 2028. As a designated Community...
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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $550,000 Project Grant to FBT Bancshares, Inc., a certified CDFI, on September 26, 2024. The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this Project Grant, FBT Bancshares, Inc. will utilize the funding to provide...
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...
FBT Bank & Mortgage was awarded a $2,478,839 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP). The CDFI ERP provides grants to Community Development Financial Institutions (CDFIs) to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic....
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...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $4.3 million Project Grant to Bank of Commerce & Trust Co. under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support the expansion of lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, funding will enable Bank...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Fidelis Federal Credit Union, a minority-owned and Native American-focused non-profit organization, on November 21, 2024. The grant is intended to support the CDFI's efforts to promote economic revitalization and community development in underserved communities, particularly Native American populations, through the provision of financial services, loans,...
Bank of Commerce received a $3.7 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financial services through December 2028. The grant aims to expand lending, grant making, and investment in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also support building organizational capacity and acquiring technology to deliver these services. As...