Project Grant 241BE066339G

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 to provide financial assistance and technical assistance to CDFIs through equity investments, equity-like loans, grants, stock purchases, loans, deposits, and other forms of support. The grant also helps the bank increase its lending, investing, and service-related activities targeting low- and moderate-income populations and businesses in the most economically distressed areas. The award period runs from September 19, 2024, through December 31, 2025.