Project Grant 22ERP061380G
Award Date
4/10/23
Completion Date
12/31/28
Dollars Obligated
$5M
Federal Agency
Community Development Financial Institutions Fund
Awardee
Insouth Bank (M7RYDHGMEFQ5)
Federal Grant Program
21.033
Assistance Type
Project Grant
Place of Performance
United States
Similar Awards
Insouth Bank received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support Insouth Bank's efforts to prepare for and respond to the economic impacts of the coronavirus pandemic through February 10, 2023. As part of the CDFI RRP program, which provides support through the CFDA 21.024, Insouth Bank will deliver products and services to communities impacted by...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $4,957,678 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to Southern Bancorp Capital Partners, doing business as Southern Bancorp Community Partners. The CDFI ERP provides grants to Community Development Financial Institutions to expand lending, grant making, and investment activities in low- and moderate-income communities...
Southern Independent Bank was awarded a $1.8 million project grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the bank's ability to respond to the economic impacts of the coronavirus pandemic through December 31, 2023. As part of the CDFI Rapid Response Program, Southern Independent Bank will use the funds to provide loans, grants, and technical assistance to underserved communities...
The Federal Grant Award of $280,369.00 was provided 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 grant was awarded to Insouth Bank, a for-profit community bank located in Brownsville, Tennessee, on September 19, 2024, with a project period ending on December 31, 2025. The purpose of the BEA Program is to incentivize FDIC-insured depository institutions, such as Insouth Bank, to...
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...
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...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Southern Independent Bancshares, Inc. a $625,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant funds will support the 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 goal is to build Southern Independent...
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...
This $660,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Southern Independent Bancshares, Inc. in delivering services under the Community Development Financial Institutions Program. The CDFI Program promotes economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions such as Southern Independent Bancshares. Through this award ending...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to Decatur County Bank Inc. under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support the bank's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the bank to...