The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $243,675 Project Grant under the Bank Enterprise Award (BEA) Program to The Bank of Holly Springs, a for-profit Subchapter S Corporation in Holly Springs, Mississippi. The grant supports The Bank of Holly Springs in increasing its investments and support for certified CDFIs, as well as expanding its community development financing and service activities in the most economically distressed communities. The award date is September 19, 2024, with a project period ending on December 31, 2025. The BEA Program provides monetary incentives to FDIC-insured depository institutions to promote economic development and increase access to financial services in underserved areas.
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