The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First General Bank, a minority-owned for-profit banking institution, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports First General Bank's efforts to increase investments, provide capital access, and deliver financial services to minorities and other underserved groups in economically distressed communities. Specifically, the funding enables the bank to expand lending, grant-making, and investment activities, as well as provide technical assistance, affordable housing financing, small business support, and develop tailored financial products for low- and moderate-income populations. The grant period runs from Sep 19, 2024, to Dec 31, 2025. This award is part of the CDFI Fund's broader strategy to leverage federal resources to promote economic development in underserved areas across the United States.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $0 | 10/25/24 | ||
| Not listed | $280.4k | 9/19/24 |