Project Grant 241BE066322G

Award Date 9/19/24
Completion Date 12/31/25
Dollars Obligated $280K
Federal Grant Program
21.021
Assistance Type
Project Grant
Place of Performance
United States
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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...
This Project Grant award is 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 $280,369 grant, awarded on September 19, 2024, supports the recipient, Pike National Bank, a designated Community Development Financial Institution (CDFI), in expanding its lending, investments, and technical assistance activities in economically distressed communities. Specifically, the funding...
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 $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 federal Project Grant award, with ID 241BE066398G, 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 $280,369 grant, awarded on September 19, 2024, supports Peoples Community Bank, a for-profit Subchapter S Corporation, in increasing its investments and support to certified Community Development Financial Institutions (CDFIs) and expanding its lending, investing,...
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 grant supports FDIC-insured depository institution Citizens Bank in increasing its investments and support for certified CDFIs, as well as expanding its lending, investing, and service activities in economically distressed communities. Specifically, the funding enables Citizens Bank...
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 (i.e., banks and thrifts) that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs), or increased lending, investing, and...
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 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 Partners Bank, a for-profit FDIC-insured depository institution. The grant supports Partners Bank's increased investments and support to certified Community Development Financial Institutions (CDFIs), as well as the bank's expanded lending, investing, and service-related activities in the most economically...
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 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 funding supports the awardee, Pioneer Community Bank, Inc., a for-profit CDFI institution located in Iaeger, West Virginia, to demonstrate increased investments and support for certified CDFIs, as well as expanded lending, investing, and service-related activities in the most economically distressed communities. The award period runs from September 19, 2024, to December 31, 2025. The expected outcomes include increased capital deployment and financial services to low- and moderate-income populations in underserved areas through activities such as technical assistance, affordable housing financing, small business support, and tailored financial product development.

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