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 (CFDA 21.021) to Great Southern Bank, a for-profit Subchapter S Corporation. The grant supports the bank's efforts to increase investments and support to certified Community Development Financial Institutions (CDFIs) and expand its lending, investing, and service-related activities in the most economically distressed...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $163,012 Project Grant to Southern Bancorp Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021) on September 19, 2024. The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments and support to certified CDFIs or expanded lending, investing, and service activities in economically distressed communities. Through this...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded Southeast First National Bank a $252,478 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports the bank's efforts to increase investments and support for certified CDFIs, as well as expand lending, investing, and service activities in economically distressed communities. Planned activities include providing financial assistance and technical support to CDFIs...
This federal Project Grant award of $275,536.00 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 purpose of the BEA Program is to incentivize FDIC-insured depository institutions to increase their investments in certified CDFIs and expand lending, investing, and service activities in economically distressed communities. The award recipient, Southern Independent Bank,...
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 (CFDA 21.021) to First Community Bank NA. The award period is from Sep 19, 2024 to Dec 31, 2025. The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs), or increased lending,...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $241,219 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to First Bank, a certified CDFI headquartered in McComb, Mississippi. The grant will support First Bank's efforts to increase investments and technical assistance to other certified CDFIs, as well as expand lending, investment, and service activities in the most economically distressed communities. Expected outcomes...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to The First Bank, a for-profit CDFI institution, on September 19, 2024. The grant supports The First Bank's efforts to increase investments and support to certified CDFIs, as well as expand lending, investing, and service-related activities in the most economically distressed communities. The award enables The First Bank to provide financial...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Commercial Bank & Trust Company under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments in certified Community Development Financial Institutions (CDFIs) or expanded lending, investing, and service activities in economically distressed...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $176,040 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to FNB Bank, Incorporated on September 19, 2024. The grant will support the bank's increased investments and support for certified Community Development Financial Institutions (CDFIs) and expanded lending, investing, and service activities in economically distressed communities. Expected outcomes include...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $176,400 Project Grant through the Bank Enterprise Award (BEA) Program (CFDA 21.021) to The First National Bank of Commerce on September 19, 2024. The purpose of the BEA Program is to provide monetary awards to FDIC-insured depository institutions that demonstrate increases in their investments and support to certified Community Development Financial Institutions (CDFIs), or their lending,...