The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to The First Bank, a for-profit CDFI institution, on September 19, 2024. The grant supports The First Bank's efforts to increase investments and support to certified CDFIs, as well as expand lending, investing, and service-related activities in the most economically distressed communities. The award enables The First Bank to provide financial...
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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to Planters Bank & Trust Company on September 19, 2024. The grant supports the bank's investments and activities to increase lending, investments, and services in economically distressed communities, as well as provide financial assistance and technical support to certified Community Development Financial Institutions (CDFIs). Key objectives...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,285,000 Project Grant to Century Bancshares, Inc. on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development by providing financial and technical assistance to Community Development Financial Institutions (CDFIs). The grant funds must be used by Century Bancshares, Inc. for financial products, financial services, development...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $179,472 Project Grant to Commercial Bank & Trust Company under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports the bank's efforts to increase investments and provide technical assistance to certified Community Development Financial Institutions (CDFIs), as well as expand lending, investing, and service-related activities in the most economically distressed...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $279,634 Project Grant through the Bank Enterprise Award (BEA) Program to Citizens Bank & Trust Company, doing business as Citizens Bank, on September 19, 2024. The BEA Program provides 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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $236,356 Project Grant to Community Bank on September 19, 2024 through the Bank Enterprise Award (BEA) Program (CFDA 21.021). The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments in certified CDFIs or expanded lending, investing, and service activities in economically distressed communities. The grant supports Community Bank's...
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 Bank of Commerce on Sep 19, 2024. The grant supports the bank's efforts to increase investments in certified CDFIs and expand lending, investing, and service activities in economically distressed communities. Planned activities include providing financial and technical assistance to CDFIs through equity...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $181,766 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to Bank of Commerce & Trust Co. on September 19, 2024. The grant supports the bank's increased investments and support to certified Community Development Financial Institutions (CDFIs), as well as expanded lending, investing, and service activities in economically distressed communities. The expected...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Commercial Bank & Trust Company under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments in certified Community Development Financial Institutions (CDFIs) or expanded lending, investing, and service activities in economically distressed...