The federal Project Grant award of $280,369, 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), supports American Plus Bank NA's efforts to increase its investments and support of certified Community Development Financial Institutions (CDFIs). The funding enables the bank to expand its community development financing and service activities in the most economically distressed communities. Specifically, the award will allow American Plus Bank NA, a minority-owned for-profit financial institution, to deliver financial assistance and technical support to local CDFIs, expand lending in economically challenged areas, and create strategic partnerships to enhance financial inclusion for underserved populations. The grant project period extends from September 19, 2024, to December 31, 2025, demonstrating the bank's ongoing commitment to community development financial services.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $0 | 10/25/24 | ||
| Not listed | $280.4k | 9/19/24 |