The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded Catalyst Bank a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) on September 19, 2024. The grant funding will support Catalyst Bank's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs) and expand community development financing and service activities in the most economically distressed communities. Through this award, Catalyst Bank will deliver a range of financial services and technical assistance to CDFIs, disadvantaged communities, and underserved populations in alignment with the BEA Program's goals of promoting economic development in economically challenged regions across the United States.
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