The Federal Deposit Insurance Corporation (FDIC)-insured First Bank has been awarded a $241,219 Project Grant 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). This grant is intended to support First Bank's increased investments and activities in certified Community Development Financial Institutions (CDFIs) and economically distressed communities. Specifically, the funding will enable First Bank to expand lending, investments, and financial services, as well as provide technical assistance, to underserved populations and low-to-moderate income areas. The grant period runs from September 19, 2024 to December 31, 2025.
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