The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund has awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to FNB Oxford Bank. The grant will enable FNB Oxford Bank, a for-profit organization, to increase its investments, lending, and technical assistance provided to certified Community Development Financial Institutions (CDFIs) and economically distressed communities. Specifically, the funding will support FNB Oxford Bank's efforts to expand community development financing activities, affordable housing lending, small business support, and tailored financial products for low- and moderate-income populations in underserved areas. This grant award builds on FNB Oxford Bank's previous CDFI Fund grants, including a $437,350 Project Grant in 2023 and a $1.8 million CDFI Rapid Response Program award in 2021 to deliver pandemic-related economic aid.
Generated 3/4/25, 4:53 AM