The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $213,696 Project Grant through the Bank Enterprise Award (BEA) Program to Priorityone Bank, a for-profit Subchapter S Corporation located in Magee, Mississippi. The grant supports Priorityone Bank's efforts to increase investments and support to certified CDFIs, as well as expand lending, investing, and service-related activities in the most economically distressed communities. Key activities under this award include providing financial assistance and technical assistance to CDFIs through equity investments, equity-like loans, grants, stock purchases, deposits, and other forms of assistance. Additionally, the bank will use the funding to increase its levels of loans, investments, service activities, and technical assistance to residents and businesses in the most economically distressed communities. The award period runs from September 19, 2024, to December 31, 2025.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $0 | 10/25/24 | ||
| Not listed | $213.7k | 9/19/24 |