The Citizens National Bank of Meridian was awarded a $2,478,839 project grant from the Department of the Treasury's 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 activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through Dec. 31, 2028. As the sole recipient, the bank will utilize the funding to increase financing and provide technical assistance to Community Development Financial Institutions, with a focus on serving underserved borrowers and minorities. The CDFI ERP aims to bolster community development efforts through CDFIs in responding to economic crises like the COVID-19 pandemic. No subrecipients or partners were identified for this award to further the bank's community development work.
Generated 2/6/24, 10:15 AM