Project Grant 241BE066270G

The Federal Deposit Insurance Corporation (FDIC)-insured Bank of St. Francisville received a $280,369 Bank Enterprise Award (BEA) Program grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on September 19, 2024. This Project Grant, authorized under CFDA 21.021, is designed to incentivize the bank to increase investments and support for certified CDFIs as well as expand community development financing and service activities in economically...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First State Bank and Trust Company, Inc. under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant incentivizes FDIC-insured depository institutions to increase their investments and support for certified CDFIs, as well as expand their community development financing and service activities in the most economically distressed communities. The grant funds...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $149,517 Project Grant to Decatur County Bank Inc. under the Bank Enterprise Award (BEA) Program (CFDA 21.021) on September 19, 2024. The grant supports the bank's efforts to increase investments and expand community development financing and service activities in economically distressed communities. Specifically, the funding will enable Decatur County Bank Inc., a for-profit Subchapter S...

The Department of the Treasury Community Development Financial Institutions Fund awarded First Independence Bank $170,699 under the Bank Enterprise Award Program (BEA Program, CFDA 21.021) on April 6, 2022. The award supports the bank's increased lending, investing, and service activities in economically distressed communities through the BEA Program. The program provides formula-based grants to FDIC-insured banks that demonstrate rises in levels of loans, investments, and technical assistance...

The Federal Deposit Insurance Corporation (FDIC)-insured Bank of Vernon was awarded a $280,369 Project Grant on September 19, 2024, under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding is intended to support the bank's increased investments and expanded community development financing and service activities in economically distressed communities. Specifically, the grant will...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program to Bankplus, a for-profit FDIC-insured depository institution. The grant enables Bankplus to provide loans, investments, and technical assistance to certified Community Development Financial Institutions (CDFIs) in order to expand affordable financial services and increase access to capital in economically distressed...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Bay Bank, a for-profit, American Indian-owned Community Development Financial Institution (CDFI), under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports Bay Bank's efforts to increase its investments and support of CDFIs, as well as expand its community development financing and service activities in the most economically distressed...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $258,750 Bank Enterprise Award (BEA) Program grant to Royal Business Bank on September 19, 2024. The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments and support for certified CDFIs. The objective is to incentivize financial institutions to expand community development financing and service activities in economically...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program to BNA Bank, a for-profit Community Development Financial Institution (CDFI) headquartered in New Albany, Mississippi. The funding is intended to support BNA Bank's efforts to increase investments and community development financing and service activities in the most economically distressed communities. Specifically, the...

This $176,040 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant aims to incentivize FDIC-insured depository institutions, such as FNB Bank, Inc., to increase their investments and support for certified CDFIs and expand community development financing and service activities in economically distressed communities. Eligible activities include...