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 The Commercial Bank, Kemper County Dekalb, Mississippi on September 19, 2024. This grant supports The Commercial Bank's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs), as well as expand the bank's community development financing and service activities in the most economically distressed communities. Key grant-funded activities include affordable lending to low- and moderate-income individuals, equity investments and deposits into CDFIs, and grants to CDFIs serving minorities and other underserved populations. The grant also enables The Commercial Bank to build organizational capacity through staffing, technology upgrades, and other tools to accomplish its expanded community development financing objectives. The project period extends from September 19, 2024, to December 31, 2025.
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