Project Grant 241BE066308G

This Project 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 purpose of the BEA Program is to provide monetary awards to FDIC-insured depository institutions, such as banks and thrifts, that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs) or expanded lending, investing, and service activities in economically distressed communities.

The planned activities for this award to First State Bank and Trust Company, Inc. include providing financial assistance and technical assistance to certified CDFIs through equity investments, equity-like loans, grants, stock purchases, loans, deposits, and other forms of assistance. The expected outcomes are demonstrated increased investments and support to certified CDFIs or the recipient's lending, investing, or service-related activities in the most economically distressed communities. There are no sub-recipients for this program.