The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to Sunrise Banks National Association on September 19, 2024. The purpose of the BEA Program is to provide monetary awards to FDIC-insured depository institutions that demonstrate increases in their investments and support to certified Community Development Financial Institutions (CDFIs), or in their lending, investing, and service-related activities in the most economically distressed communities. Through this grant, Sunrise Banks National Association will use the funds to increase its support of certified CDFIs and expand its community development financing activities, including providing loans, investments, financial services, technical assistance, and other forms of aid to profit organizations, private nonprofit institutions, and other private organizations in low-income and economically challenged areas. The project period for this award is from September 19, 2024, to December 31, 2025.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $0 | 10/25/24 | ||
| Not listed | $280.4k | 9/19/24 |