The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $259,812 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to Commerce Bank, a for-profit, FDIC-insured depository institution. The grant funding is intended to support Commerce Bank's increased investments and financial services for certified Community Development Financial Institutions (CDFIs) and economically distressed communities. Specifically, the grant will enable Commerce Bank to expand lending, investments, and technical assistance to CDFIs, as well as deliver tailored financial products and services to low- and moderate-income populations in underserved areas. This award is part of the CDFI Fund's efforts to leverage federal resources to promote economic development and increase access to capital in disadvantaged communities across the United States.
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