Project Grant 241BE066331G

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 Bank of Moundville received a $280,369 Project Grant award under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund 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 increases in their investments and support to certified Community Development Financial Institutions (CDFIs), or their lending, investing, or service-related activities in the most economically distressed communities.

Through this grant, the Bank of Moundville will use the funds to expand its community development financing and service activities, including providing technical assistance, affordable housing financing, small business support, and developing tailored financial products for low- and moderate-income populations in underserved areas. The award period runs from September 19, 2024, to December 31, 2025. The grant supports the bank's ongoing commitment to economic development and financial inclusion in the communities it serves.

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