Project Grant 241BE066395G

The Bank of Commerce, a certified Community Development Financial Institution (CDFI), has been awarded a $280,369 Project Grant under the U.S. Department of the Treasury's Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant, awarded on September 19, 2024, with a completion date of December 31, 2025, will enable the bank to increase its investments and support of other CDFIs, as well as expand its community development financing and service activities in the most economically distressed...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First Community Bank NA on September 19, 2024 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 CDFIs, with the goal of expanding community development financing and service activities in economically...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Bank3, an FDIC-insured depository institution, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports Bank3's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs), as well as expand community development financing and service activities in the most economically distressed communities....

The Federal Deposit Insurance Corporation (FDIC)-insured First National Bank USA was awarded a $180,000 Project Grant under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund's Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant is intended to support the bank's increased investments and activities in certified CDFIs, as well as its community development financing and service activities in the most economically distressed communities. Eligible...

The Federal Deposit Insurance Corporation (FDIC) awarded a $280,369 Project Grant through the Bank Enterprise Award (BEA) Program (CFDA 21.021) to First General Bank, a minority-owned, for-profit banking institution in Rowland Heights, California. The grant funding supports the bank's efforts to increase investments, provide capital access, and deliver tailored financial services to low- and moderate-income populations and underserved communities, especially those disproportionately impacted...

The Federal Deposit Insurance Corporation (FDIC)-insured Connect Bank was awarded a $237,161 Bank Enterprise Award (BEA) Program grant on September 19, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. This Project Grant supports Connect Bank's efforts to increase investments in certified CDFIs and expand its community development financing and service activities in the most economically distressed communities across the United States. The...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $241,219 Project Grant to First Bank, a for-profit, Subchapter S Corporation FDIC-insured depository institution, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant aims to incentivize First 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 Federal Deposit Insurance Corporation (FDIC)-insured Delta Bank was awarded a $280,369 Project Grant under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Bank Enterprise Award (BEA) Program. The grant is intended to support Delta Bank's increased investments and activities in certified CDFIs, as well as its expanded community development financing and service offerings in the most economically distressed communities. Through this funding, Delta...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to Peoples Bank of Greensboro in September 2024. The funding will enable the bank to increase investments and support for certified Community Development Financial Institutions (CDFIs) and expand community development financing and service activities in economically distressed communities. Specifically, the grant will support the bank's initiatives...

The Department of the Treasury Community Development Financial Institutions Fund awarded First Independence Bank $170,699 under the Bank Enterprise Award Program (BEA Program, CFDA 21.021) on April 6, 2022. The award supports the bank's increased lending, investing, and service activities in economically distressed communities through the BEA Program. The program provides formula-based grants to FDIC-insured banks that demonstrate rises in levels of loans, investments, and technical assistance...