The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $163,012 Bank Enterprise Award (BEA) Program grant to Southern Bancorp Bank, a for-profit CDFI, on September 19, 2024. The BEA Program provides funding to FDIC-insured depository institutions that increase their investments and support for certified CDFIs, as well as expand their community development financing and service activities in economically distressed communities. Through this grant,...
The federal Project Grant award of $252,478 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 supports Southeast First National Bank, a for-profit, woman-owned Community Development Financial Institution (CDFI), in increasing its investments and community development financing and service activities in the most economically distressed communities. Specifically,...
The Federal Grant Award in the amount of $280,369 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 was awarded to Commercial Capital Bank, a for-profit Subchapter S Corporation community bank, on September 19, 2024, with a project period ending on December 31, 2025. The purpose of the BEA Program is to incentivize FDIC-insured depository institutions to increase...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $275,536 Project Grant under the Bank Enterprise Award (BEA) Program to Southern Independent Bank, a certified CDFI institution, on September 19, 2024. The grant is intended to support the bank's efforts to increase investments and activities in economically distressed and underserved communities, with a focus on expanding affordable housing financing, small business lending, and tailored...
The Federal Grant Award in the amount of $280,369 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 award was made to First National Bank And Trust, a for-profit Subchapter S Corporation in Atmore, Alabama, that is a certified CDFI. The purpose of the BEA Program is to incentivize FDIC-insured depository institutions to increase their investments and support for certified...
The Federal Grant Award of $280,369 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) to Bankfirst Financial Services, a for-profit community development financial services organization based in Macon, Mississippi. The grant award, effective from September 19, 2024, to December 31, 2025, will enable Bankfirst Financial Services to increase its investments in certified CDFIs...
The Federal Grant Award of $127,638 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) on September 19, 2024. The purpose of the grant is to support the Franklin State Bank & Trust Company, a certified Community Development Financial Institution (CDFI), in increasing its investments and community development financing and service activities in the most economically...
The Federal Grant Award of $280,369 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 was awarded on September 19, 2024, to First State Bank, Russellville, Arkansas (doing business as Marine Bank), a for-profit organization. The funding supports the bank's increased investments and support of certified Community Development Financial Institutions (CDFIs), as well as...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First State Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant is intended to incentivize the bank to increase its investments and support for certified CDFIs, as well as expand its community development financing and service activities in the most economically distressed communities. Specifically, the funding will enable First State Bank...
The American Bank & Trust Company was awarded a $280,369 Project Grant under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund's Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding is intended to incentivize the bank to increase its investments and support for certified Community Development Financial Institutions (CDFIs) and expand its community development financing and service activities in the most economically distressed...