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...
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 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...
Exchange Bank And Trust Co received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support, prepare for, and respond to the economic impact of the coronavirus. The grant period runs from June 15, 2021 through February 16, 2023 and will enable the bank to deliver financial and technical assistance services to communities and businesses affected by the pandemic in the United...
Planters Bank & Trust Company received a $6.2 million project grant award 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 the COVID-19 pandemic. Awarded on April 10, 2023, the grant will support Planters Bank in providing $6.2M in capital and financial services to underserved borrowers and...
The Federal Grant Award ID 241BE066368G, awarded 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), provides $280,369.00 to Exchange Bank And Trust Co, a for-profit Subchapter S corporation and certified CDFI located in Natchitoches, Louisiana. The grant funding supports Exchange Bank And Trust Co's efforts to increase investments and support for CDFIs, as well as expand community...
The National Association City First Bank received a $3.7 million project grant award under the Community Development Financial Institutions Fund Equitable Recovery Program from the Department of the Treasury on April 10, 2023. The grant funding will support City First Bank's efforts to expand lending, grantmaking, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through December 31, 2028. As a Community Development Financial...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $1,735,187 Project Grant to Citizens Bank & Trust Company under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Citizens Bank in expanding lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable...
Citizens Bank & Trust received a $4,957,678 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant funding will support the bank's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through December 2028. As a...
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...