The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Franklin Bancorp, Inc. a $482,900 project grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The CDFI Program uses financial and training awards to build the capacity of certified Community Development Financial Institutions (CDFIs) and enable them to provide capital and financial services that drive community development and revitalization in...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Franklin Bancshares, Inc. a $476,530 Project Grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The grant funding will support Franklin Bancshares' 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...
The $1,860,000 Project Grant award was made by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Peoples Bancshares, Inc., a certified CDFI based in Mendenhall, Mississippi. This grant funding will enable Peoples Bancshares to deliver financial services, loans, investments, and technical assistance to underserved communities, with a particular focus on Native American regions. The award is designed to build the capacity of...
The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury, awarded a $300,000 Project Grant to American Bancshares, Inc. on November 21, 2024. The funding aims to build the capacity of this certified CDFI, empowering it to grow, achieve organizational sustainability, and drive community revitalization efforts. Specifically, the grant will enable American Bancshares to create jobs, build businesses, and foster economic...
This $900,000 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to First National Bancorp, Inc. The grant aims to invest in and build the capacity of the recipient, a community development financial institution (CDFI), to empower it to grow, achieve sustainability, and drive community revitalization. Specifically, the funding will support the CDFI in delivering financial services, loans,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Bank Of Franklin, a for-profit community bank located in Meadville, Mississippi, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding supports Bank Of Franklin's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs) and expand community development financing and service activities in...
The federal Project Grant award of $1,285,000.00 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Commerce Bancorp, Inc., a community development financial institution (CDFI) located in Greenwood, Mississippi. The award, which has an ultimate completion date of December 31, 2027, will enable Commerce Bancorp, Inc. to provide financial products, development services, loan loss reserves, and capital reserves to...
This $625,000 Project Grant was awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020). The grant will support Financial Resources Federal Credit Union, a certified CDFI, in delivering financial services, loans, investments, and technical assistance to underserved communities, with a focus on low-income, Native American, and economically disadvantaged populations. The funding aims to build the capacity of...
This federal Project Grant award of $650,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Clinton Bancshares, Inc. The grant supports the CDFI Program's mission to promote economic revitalization and community development through investments in certified and emerging CDFIs. The funding will enable Clinton Bancshares, a for-profit Subchapter S Corporation, to deliver financial services, loans, investments, and...
The $1,110,000 Project Grant awarded to Grant Bancshares, Inc. on September 26, 2024 is funded through the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020). This grant supports Grant Bancshares, Inc., a Community Development Corporation Owned Firm, in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to eligible low-income and underserved markets, including Native American...