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 grant, provided under CFDA 21.020, will enable the bank to offer financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities. The funding supports the bank's mission to create jobs, build...
The $300,000 federal Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to promote economic revitalization and community development. The grant funding will be used by the awardee, Commercial Bancshares of Ozark, Inc., to deliver technical assistance to build the organizational capacity of certified and emerging CDFIs. Eligible activities include compensation for personnel and professional...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $270,000 Project Grant through the Bank Enterprise Award (BEA) Program to Grand Missouri Bank, a certified CDFI located in Bolivar, Missouri. The grant funding is intended to support Grand Missouri Bank's efforts to increase investments and technical assistance to other certified CDFIs, as well as expand the bank's own lending, investing, and service-related activities in the most economically...
This $835,000 Project Grant awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on September 26, 2024 is part of the CDFI Program (CFDA 21.020). The funding will support the Southeast Financial Bankstock Corporation, a for-profit Subchapter S Corporation, in delivering financial services, loans, investments, and technical assistance to underserved low-income, Native American, and economically disadvantaged communities. The award aims to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $550,000 Project Grant to FBT Bancshares, Inc., a certified CDFI, on September 26, 2024. The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this Project Grant, FBT Bancshares, Inc. will utilize the funding to provide...
This $650,000 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Clinton Bancshares, Inc. The purpose of the CDFI Program is to promote economic revitalization and community development through investments in and assistance to certified and emerging CDFIs. This specific award will enable Clinton Bancshares, Inc., a for-profit subchapter S corporation, to deliver financial services, loans,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,110,000 Project Grant to Bankfirst Capital Corporation, a for-profit certified CDFI located in Columbus, Mississippi. The grant, awarded on September 26, 2024, is designed to support Bankfirst Capital Corporation's efforts to promote economic revitalization and community development in underserved communities, particularly in rural and urban low-income areas. The funding will enable...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $725,000 project grant to Central Bancshares of Kansas City, Inc. (Central Bank of Kansas City) on September 26, 2024. This grant, under CFDA 21.020, will be used to support the bank's mission of driving community development and increasing access to financial resources for underserved Native American communities. The funding will enable Central Bancshares to provide financial services,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $425,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Southeast First National Bank through December 2026. This Project Grant aims to promote economic revitalization and community development by building the capacity of certified Community Development Financial Institutions. Through monetary awards and training opportunities, the funding will empower Southeast First...
The Department of the Treasury Community Development Financial Institutions Fund awarded Southeast First National Bank a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the bank in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2024. Key activities to be...