The Department of the Treasury's Community Development Financial Institutions Fund awarded BNA Bancshares, Inc. a $690,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant funding will support BNA Bancshares' provision of financial products, services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The goal is to build BNA Bancshares' capacity to lend and...
BNA Bank received a $1.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports BNA Bank's participation in the Community Development Financial Institutions Rapid Response Program (CDFI RRP), which provides capital to Community Development Financial Institutions (CDFIs) to address the economic impacts of the COVID-19 pandemic. Through this award, expiring February 16, 2023, BNA Bank will deploy...
This $280,369 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program will enable FNB Picayune Bank, a certified CDFI, to increase its investments and support of other CDFIs and expand community development financing and service activities in economically distressed communities. The funding will allow the bank to provide technical assistance, affordable housing financing, small...
The Federal Grant Award of $176,040.00 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 award is intended to incentivize FDIC-insured depository institutions, such as FNB Bank, Incorporated, to increase their investments and support for certified Community Development Financial Institutions (CDFIs) and expand their community development financing and service activities...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $206,083 Project Grant to United Mississippi Bank, an FDIC-insured community bank, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The purpose of this grant is to support United Mississippi Bank's increased investments and activities in certified CDFIs, as well as the bank's expansion of community development financing and services in economically distressed communities. The...
The Federal Grant Award of $280,369 was provided to Citizens Bank, a for-profit Subchapter S Corporation headquartered in Columbia, Mississippi, under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund's Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding enables Citizens Bank, an FDIC-insured depository institution, to increase its investments and support for certified Community Development Financial Institutions (CDFIs), as well as...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $236,356 Project Grant to Community Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports increased investments and community development financing activities by the bank in economically distressed communities. Specifically, the funding enables Community Bank to expand lending, provide technical assistance, support affordable housing financing, and offer...
The Federal Grant Award ID 241BE066376G was awarded 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 project grant is intended to provide monetary awards to the First National Bank of Clarksdale, a for-profit organization, for increasing its investments and support of certified Community Development Financial Institutions (CDFIs) and expanding its community development...
This $280,369 Project Grant was 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). The funding is provided to the National Association City First Bank, a certified CDFI institution, to increase its investments and support for other CDFIs and to expand its community development financing and service activities in the most economically distressed communities....
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 First State Bank, a for-profit banking institution located in Waynesboro, Mississippi. The grant is intended to incentivize and support First State Bank's community development financing and service activities in economically distressed communities. Specifically, the funding will enable the bank to...