This $280,369 Bank Enterprise Award (BEA) Program grant, awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on September 19, 2024, supports the recipient, Delta Bank, in increasing its investments and support to certified CDFIs, as well as expanding its lending, investing, and service-related activities in the most economically distressed communities. Through this Project Grant, Delta Bank will provide financial assistance and technical support to certified CDFIs through equity investments, equity-like loans, grants, stock purchases, loans, deposits, and other forms of assistance. The bank will also increase its levels of loans, investments, service activities, and technical assistance to residents and businesses in the most economically distressed communities. The expected outcomes include demonstrated increased investments and support to certified CDFIs or in the recipient's lending, investing, or service-related activities in the most economically distressed communities.
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 |