Texas National Bank received a $6.2 million 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). The grant will enable the bank to expand lending, grant-making, and investment activities through 2028 in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also support the bank's efforts to build organizational capacity and acquire technology, staff, and other resources to provide affordable credit and financial services to underserved populations. As a designated Community Development Financial Institution, Texas National Bank directly carries out these activities without involvement of subrecipients.
Generated 2/6/24, 9:25 AM