Project Grant 241BE066404G

Award Date 9/19/24
Completion Date 12/31/25
Dollars Obligated $276K
Federal Grant Program
21.021
Assistance Type
Project Grant
Place of Performance
United States
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The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First Southern Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports the bank's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs), as well as expand lending, investing, and service-related activities in the most economically distressed communities. The award period runs from...
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 Great Southern Bank, a for-profit Subchapter S Corporation. The grant supports the bank's efforts to increase investments and support to certified Community Development Financial Institutions (CDFIs) and expand its lending, investing, and service-related activities in the most economically distressed...
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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 purpose of the BEA Program is to provide monetary awards to FDIC-insured depository institutions that demonstrate increased investments and support to certified CDFIs, or expanded lending, investing, and service activities in economically distressed communities. Through this...
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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 purpose of the BEA Program is to provide monetary awards to FDIC-insured depository institutions that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs), or increased lending, investing, and service-related activities...
This $280,369 Project Grant awarded on September 19, 2024 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 a commercial bank's efforts to increase investments and support for certified Community Development Financial Institutions (CDFIs), as well as expand lending, investing, and service activities in economically distressed communities. The funding will enable the bank to...
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This federal Project Grant award of $275,536.00 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 purpose of the BEA Program is to incentivize FDIC-insured depository institutions to increase their investments in certified CDFIs and expand lending, investing, and service activities in economically distressed communities.

The award recipient, Southern Independent Bank, is a for-profit financial institution and certified CDFI that specializes in providing financial services and lending to underserved and low-to-moderate income populations. The grant funding will enable Southern Independent Bank to enhance its community development efforts, such as increasing small business lending, expanding affordable housing financing, and offering tailored financial products in economically distressed areas. The award period runs from Sep 19, 2024 to Dec 31, 2025.

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