The Federal Deposit Insurance Corporation (FDIC)-insured Feliciana Bank & Trust Company received a $224,373 Project Grant award under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant funding supports Feliciana Bank & Trust Company's efforts to increase investments and technical assistance for certified Community Development Financial Institutions (CDFIs) operating in economically distressed communities. Specifically, the bank utilizes the grant to establish loan loss reserves, provide capacity-building support, and expand access to small-dollar lending and other financial services for underserved and minority populations. As an FDIC-insured depository institution, Feliciana Bank & Trust Company aims to leverage this BEA Program grant to complement its broader community development activities and increase capital flows to CDFIs and underserved areas.
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