The federal Project Grant award, funded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), provides $725,000 to Merchants & Marine Bancorp, Inc. to promote economic revitalization and community development. The funding will be used by the CDFI to deliver financial products, financial services (for regulated institutions), development services, loan loss reserves, and capital reserves (for regulated institutions) to low-income...
The federal Project Grant award of $1,110,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Bankfirst Capital Corporation, a certified CDFI organization. The purpose of the grant is to promote economic revitalization and community development by building the financial capacity of CDFIs to lend to eligible markets and target populations that lack adequate access to affordable financial products and services....
This Project Grant award of $1,110,000 was provided on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the CDFI Program (CFDA 21.020). The funding is intended to promote economic revitalization and community development by providing financial assistance to the awardee, Grant Bancshares, Inc., a for-profit community development corporation. The financial assistance must be used by Grant Bancshares, Inc. for financial...
This Project Grant award of $450,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the grant is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funding must be used by the recipient, First Missouri State Bank, for financial products, financial services,...
This federal Project Grant award of $1,285,000.00 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Commerce Bancorp, Inc., a for-profit Community Development Financial Institution located in Greenwood, Mississippi. The funding is intended to promote economic revitalization and community development through investment in and financial assistance to CDFIs. The grant will enable Commerce Bancorp, Inc. to provide...
The federal Project Grant award of $900,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the award is to promote economic revitalization and community development by providing financial and technical assistance to the awardee, First National Bancorp, Inc., a for-profit Subchapter S Corporation. The funding must be used by the CDFI for financial products, financial services...
The federal Project Grant award, 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), delivers $262,106 to the Community Bank of Mississippi. The award supports the bank's increased investments and lending, investing, and service-related activities in the most economically distressed communities. Specifically, the funding incentivizes the bank to expand its support of certified...
The federal Project Grant award of $625,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to IBC Bancorp Inc., a minority-owned for-profit organization. The funding is intended to promote economic revitalization and community development by providing financial assistance to the recipient CDFI. Planned activities include the use of award funds for financial products, financial services, development services, loan...
This Project Grant award of $835,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the grant is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The award recipient, Southeast Financial Bankstock Corporation, will use the funds to provide financial products,...
This federal Project Grant award of $103,223.00, 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), supports Merchants & Farmers Bank Of Greene County in increasing its investments and support for certified CDFIs, as well as expanding its lending, investing, and service-related activities in the most economically distressed communities. The award, with a period of...