The federal 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 that demonstrate increased investments and support to certified CDFIs, or expanded lending, investing, and service activities in economically distressed communities. Through this...
The federal Project Grant award of $259,812 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 that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs), or increased lending, investing, and service-related activities...
This $280,369 Project Grant award 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 funding supports FDIC-insured depository institutions, such as FBT Bank & Mortgage, that demonstrate increased investments in certified CDFIs and expanded lending, investing, and service activities in economically distressed communities. Specifically, the grant enables the recipient...
The federal Project Grant award, 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), delivers $262,106 to the Community Bank of Mississippi. The award supports the bank's increased investments and lending, investing, and service-related activities in the most economically distressed communities. Specifically, the funding incentivizes the bank to expand its support of certified...
The federal 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 grant supports Golden Bank National Association, a minority-owned, for-profit financial institution, in increasing its investments and support to certified Community Development Financial Institutions (CDFIs) as well as expanding its lending, investing, and service-related...
The federal 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 that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs), or increased lending, investing, and service-related activities...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Mechanics And Farmers Bank 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-related activities in the most economically distressed communities. Specifically, the grant enables Mechanics And Farmers Bank to...
This $280,369 Project Grant awarded on September 19, 2024 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) supports a commercial bank's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs), as well as expand lending, investing, and service activities in economically distressed communities. The funding will enable the bank to...
The federal Project Grant award of $180,000.00 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the Bank Enterprise Award (BEA) Program (CFDA 21.021), provides monetary awards to FDIC-insured depository institutions 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 award to...
This Project Grant award of $450,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Merchants And Planters Bank, a certified CDFI located in Raymond, Mississippi. The funding is intended to promote economic revitalization and community development by enabling the bank to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved...