The Citizens Bank was awarded a $6,197,097 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant-making, and investment activities through December 31, 2028. The CDFI ERP aims to support Community Development Financial Institutions in responding to the economic impacts of the COVID-19 pandemic by providing assistance to low- and moderate-income communities disproportionately affected by the crisis. Through this funding, Citizens Bank will deliver expanded lending, grants, and equity investments to eligible beneficiaries. Specific planned activities include loans, grants, equity investments, deposits, and other financial services and assistance to aid pandemic recovery in economically distressed areas.
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