The federal Project Grant award of $102,959 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 increases in their investments and support to certified Community Development Financial Institutions (CDFIs), or in their lending, investing, or service-related activities in the most economically distressed communities. Through this award, the recipient, Wayne County Bank, a for-profit organization located in Waynesboro, Tennessee, will use the funds to expand its financial services and contribute to economic development in targeted, underserved areas. The award supports initiatives such as increased lending to minorities, providing financial assistance to low- or moderate-income communities, and building organizational capacity in response to economic challenges. The award period is 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 | 10/24/24 | ||
| Not listed | $103.0k | 9/19/24 |