The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Community Bank of the Bay, a for-profit community development corporation, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding is intended to support the bank's increased investments and financial services in low- to moderate-income and minority communities, particularly in economically distressed areas. The grant will enable Community Bank...
The $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 (CFDA 21.021), was provided to First National Bank And Trust, a Community Development Financial Institution (CDFI) located in Atmore, Alabama. The funding supports the bank's efforts to increase investments and support for certified CDFIs, as well as expand its community development financing and service activities...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Covington County Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports the bank's efforts to increase investments and support for certified CDFIs, as well as expand community development financing and service activities in economically distressed communities. The award period runs from September 19, 2024, through December 31, 2025....
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First State Bank and Trust Company, Inc. 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 and support for certified Community Development Financial Institutions (CDFIs). The funding is intended to incentivize financial institutions to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $275,536 Project Grant to Southern Independent Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports the bank's increased investments and community development financing activities in economically distressed areas. The funding enables Southern Independent Bank, a certified CDFI, to expand its lending to small businesses, provide affordable housing financing,...
The federal 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 aims to incentivize FDIC-insured depository institutions, such as First Community Bank NA, to increase their investments and support of certified CDFIs, as well as expand community development financing and service activities in economically distressed communities. Eligible...
The Bank of Moundville received a $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 (CFDA 21.021). The grant supports the bank's activities to increase investments and support for certified Community Development Financial Institutions (CDFIs) and expand community development financing and service offerings in economically distressed communities. Through this funding, the...
The Bank of Brookhaven, a certified Community Development Financial Institution (CDFI), was awarded a $236,525 Project Grant on September 19, 2024 under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding will support the bank's efforts to increase investments and community development financing and service activities in the most economically distressed communities within its service...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $176,040 Project Grant through the Bank Enterprise Award (BEA) Program (CFDA 21.021) to FNB Bank, Incorporated on September 19, 2024. The BEA Program provides monetary awards to FDIC-insured depository institutions that demonstrate increased investments and support for certified Community Development Financial Institutions (CDFIs). The grant funding will enable FNB Bank to expand its...
This $176,400 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 grant provides funding to The First National Bank of Commerce, a for-profit Subchapter S Corporation, to increase investments and support for certified Community Development Financial Institutions (CDFIs) and expand community development financing and service activities in...