The Federal Deposit Insurance Corporation (FDIC)-insured Union Bank & Trust Company was awarded a $252,171 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). This grant enables the bank, a certified CDFI, to increase its investments and support to other CDFIs, as well as expand its community development financing and service activities in the most...
The Federal Deposit Insurance Corporation (FDIC) awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to First National Bank of Clarksdale. The grant aims to incentivize the bank to increase its investments and support for certified Community Development Financial Institutions (CDFIs) and expand its community development financing and service activities in the most economically distressed communities. Eligible activities under the grant include technical...
The Federal Deposit Insurance Corporation (FDIC) awarded a $238,550 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to Commercial Bank Of Ozark. The grant aims to incentivize the bank to increase its investments and support for certified Community Development Financial Institutions (CDFIs) and expand its community development financing and service activities in the most economically distressed communities. The project period runs from September 19, 2024, to December 31,...
The Federal Deposit Insurance Corporation (FDIC) awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to First State Bank, Russellville, Arkansas (doing business as Marine Bank) on September 19, 2024. The grant funding is intended to incentivize FDIC-insured depository institutions to increase their investments and support for certified Community Development Financial Institutions (CDFIs) and expand their community development financing and service...
The Federal Deposit Insurance Corporation (FDIC)-insured Whitesville State Bank received a $256,996 Project Grant 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 is intended to support the bank's increased investments in and activities with certified CDFIs, as well as its expanded community development financing and service activities in the most economically distressed...
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 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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded Farmers Bank and Trust Company, a certified CDFI, a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The funding is intended to support the bank's efforts to increase investments and activities to assist economically distressed communities, including through technical assistance, affordable housing financing, small business support, and developing tailored...
The Federal Deposit Insurance Corporation (FDIC)-insured Guaranty Bank Inc. was awarded a $280,369 Project Grant 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 is intended to support Guaranty Bank Inc.'s increased investments and support of CDFIs, as well as its expanded community development financing and service activities in the most economically distressed communities....
The Bank of Commerce received a $280,369 Project Grant award on September 19, 2024, 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 funding will support the bank's efforts to increase investments and support for certified CDFIs, as well as expand community development financing and service activities in the most economically distressed communities. Key initiatives include...