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 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...
This $241,219 Project Grant was awarded on September 19, 2024 to First Bank, a for-profit Subchapter S Corporation and FDIC-insured depository institution, 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 purpose of the grant is to incentivize First Bank, a certified CDFI, to increase its investments and support for other CDFIs, as well as expand its community development financing...
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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Golden Bank National Association under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports the bank's efforts to increase investments in certified CDFIs and expand community development financing and service activities in economically distressed communities. Specifically, the funding enables Golden Bank, a minority-owned for-profit financial...
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 to National Association City First Bank, a CDFI headquartered in Washington, DC. The grant funding enables the bank to expand its community development financing and service activities in economically distressed communities, with a focus on providing targeted financial products and services to low- and moderate-income...
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 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...
The Bank of Commerce & Trust CO. was awarded a $181,766 Project Grant under the U.S. Department of the Treasury's Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant is intended to support the bank's increased investments and activities in certified Community Development Financial Institutions (CDFIs) and expand its community development financing and service offerings in economically distressed communities. The funding will enable the bank to provide technical assistance,...
The Federal Grant Award, valued at $252,478, 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 award supports Southeast First National Bank, a for-profit, woman-owned financial institution, in increasing its investments and support for certified CDFIs, as well as expanding its community development financing and service activities in the most economically distressed...