Partners 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, grantmaking, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Through December 2028, Partners Bank will use the funding to provide $6.2 million in loans, grants, and investments to support community development financial institutions and increase access to capital for underserved borrowers. The CDFI ERP aims to assist communities harmed by the pandemic through expanding the community development activities of certified Community Development Financial Institutions.
Generated 2/6/24, 3:41 AM