Project Grant 241BE066375G

Award Date 9/19/24
Completion Date 12/31/25
Dollars Obligated $280K
Federal Grant Program
21.021
Assistance Type
Project Grant
Place of Performance
United States
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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 First National Bank And Trust, a for-profit Community Development Financial Institution (CDFI) located in Atmore, Alabama.

The grant supports the bank's efforts to increase investments in certified CDFIs and expand lending, investing, and service activities in economically distressed communities. Specifically, the funding will enable First National Bank And Trust to provide technical assistance, affordable housing financing, small business support, and tailored financial products for underserved areas. The award period runs from September 19, 2024, to December 31, 2025.

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