The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) on September 19, 2024, to Bay Bank, a for-profit, American Indian-owned Community Development Financial Institution (CDFI). The grant supports Bay Bank's efforts to increase investments and support for CDFIs, as well as expand its community development financing and service activities in the most economically distressed communities. Specifically,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $236,356 Project Grant to Community Bank on September 19, 2024 through the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports Community Bank's efforts to increase investments and community development financing and service activities in the most economically distressed communities. Specifically, the funding enables the bank to expand lending, provide technical assistance,...
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 supports Sunrise Banks National Association, a for-profit financial institution, in increasing its investments and support for certified Community Development Financial Institutions (CDFIs), as well as expanding its community development financing and service activities...
The Federal 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 award aims to incentivize FDIC-insured depository institutions, such as CLB The Community Bank, to increase their investments and support for certified CDFIs and expand community development financing and service activities in economically distressed communities. Through this Project...
The Federal 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 was awarded on September 19, 2024, to First State Bank, Russellville, Arkansas (doing business as Marine Bank), a for-profit organization. The funding supports the bank's increased investments and support of certified Community Development Financial Institutions (CDFIs), as well as...
The $280,369 federal Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund through the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funds enabled Asian Bank, a minority-owned, for-profit financial institution, to increase its investments and support for certified Community Development Financial Institutions (CDFIs). This included expanding the bank's community development financing and service...
This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $676,530 to Checkspring Community Corporation through December 2024 to promote economic revitalization and community development. As part of the Community Development Financial Institutions Program (CFDA 21.020), the funding will support financial products, services, development services, loan loss reserves, and capital reserves to build Checkspring's capacity to lend to...
The $280,369 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program was provided to Commercial Bank & Trust Company, a for-profit Subchapter S corporation located in Monticello, Arkansas. The funding supports the bank's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs) and expand community development financing and service...
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 Washington State Bank, a for-profit Subchapter S Corporation. The purpose of the grant is to incentivize the bank to increase its investments and support for certified Community Development Financial Institutions (CDFIs) and expand its community development financing and service activities in the most...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $236,525 Project Grant to Bank of Brookhaven, a certified CDFI, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant, awarded on September 19, 2024, with a project period ending December 31, 2025, is intended to incentivize the bank to increase its investments and support for CDFIs, as well as expand its community development financing and service activities in the most...