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 Security Federal Bank in Aiken, South Carolina on September 19, 2024. The grant funding is intended to support the bank's efforts to increase investments in certified CDFIs and expand community development financing and service activities in economically distressed communities. Specifically, Security Federal Bank will use the grant to provide...
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 Bankfirst Financial Services, a for-profit financial services organization based in Macon, Mississippi. The award, which has a project period from September 19, 2024, to December 31, 2025, will enable Bankfirst Financial Services to increase its investments and support for certified CDFIs, as well as expand its community development financing...
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 Department of the Treasury's Community Development Financial Institutions Fund awarded $660,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Security Bank and Trust Company on February 28, 2023. The award is a Project Grant with a completion date of December 31, 2026. Through this funding, Security Bank and Trust Company will provide loans and financial assistance to support community development and economic revitalization efforts. As a certified Community...
The Federal Deposit Insurance Corporation (FDIC)-insured First State Bank and Trust Company, Inc. was awarded a $280,369 Project Grant from 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 grant supports the bank's increased investments and activities to assist certified Community Development Financial Institutions (CDFIs) and expand community development financing and services in the...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to First State Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant is designed to incentivize FDIC-insured depository institutions to increase their investments in and support for certified CDFIs, as well as expand their community development financing and service activities in the most economically distressed communities. The funding will...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded Fidelity Bank, a for-profit Subchapter S corporation located in West Memphis, Arkansas, a $280,369 Bank Enterprise Award (CFDA 21.021) on September 19, 2024. The grant funding will enable Fidelity Bank to increase its investments and support for certified CDFIs, as well as expand its community development financing and service activities in economically distressed communities. Specifically, the...
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) Program awarded a $835,000 Project Grant to Southeast Arkansas Bank Corporation, a certified CDFI, on September 26, 2024. This funding, provided under CFDA 21.020, will enable the bank to deliver financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities in the United States through December 31, 2027. The grant supports...
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 First National Bank And Trust, a for-profit Subchapter S Corporation located in Atmore, Alabama. This Project Grant, with a period of performance from September 19, 2024, to December 31, 2025, is intended to incentivize the bank to increase its investments and support for certified CDFIs, as well as expand its community development financing and...