The federal Project Grant award of $900,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the award is to promote economic revitalization and community development by providing financial and technical assistance to the awardee, First National Bancorp, Inc., a for-profit Subchapter S Corporation. The funding must be used by the CDFI for financial products, financial services...
This Project Grant award of $1,110,000 was provided on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the CDFI Program (CFDA 21.020). The funding is intended to promote economic revitalization and community development by providing financial assistance to the awardee, Grant Bancshares, Inc., a for-profit community development corporation. The financial assistance must be used by Grant Bancshares, Inc. for financial...
The federal Project Grant award of $1,110,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Bankfirst Capital Corporation, a certified CDFI organization. The purpose of the grant is to promote economic revitalization and community development by building the financial capacity of CDFIs to lend to eligible markets and target populations that lack adequate access to affordable financial products and services....
The federal Project Grant award of $1,035,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Big Coal River Bancorp, Inc. on September 26, 2024. The purpose of the award is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funding must be used by the awardee for financial products, financial...
The federal Project Grant award of $625,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to IBC Bancorp Inc., a minority-owned for-profit organization. The funding is intended to promote economic revitalization and community development by providing financial assistance to the recipient CDFI. Planned activities include the use of award funds for financial products, financial services, development services, loan...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $550,000 Project Grant to FBT Bancshares, Inc., a certified CDFI, on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development through investment in and financial assistance to CDFIs. The grant funds must be used by FBT Bancshares, Inc. for financial products, financial services (for regulated institutions only), development services,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Farmers Bank and Trust Company under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports the bank's efforts to increase investments and activities in certified Community Development Financial Institutions (CDFIs) and expand lending, investing, and service-related initiatives in the most economically distressed communities. Expected outcomes...
This Project Grant award of $450,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the award is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funding must be used by the recipient, Sequatchie County Bancorp, Inc., for financial products, financial services,...
This 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 for-profit Community Development Financial Institution located in Greenwood, Mississippi. The funding is intended to promote economic revitalization and community development through investment in and financial assistance to CDFIs. The grant will enable Commerce Bancorp, Inc. to provide...
The federal Project Grant award of $725,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the grant is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The award will enable the recipient, Institute Capital, Inc., a non-profit organization, to build its...