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,...
The $1,285,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, with an award date of September 26, 2024, will enable Southern Bancorp, Inc., a for-profit CDFI, to build its financial capacity to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved communities across Arkansas and Mississippi. The funding will support Southern Bancorp's...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Commercial Bancshares Of Ozark, Inc. on November 21, 2024. The grant is intended to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs to serve low-income and underserved markets across the nation. The funding may be used for eligible activities such as personnel...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 Project Grant to C B & T Bancshares Inc. on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development through financial and technical assistance to Community Development Financial Institutions (CDFIs). The grant funds must be used by the recipient for financial products, financial services (for regulated institutions only),...
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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,110,000 Project Grant to Communities Unlimited Inc., a non-profit economic development organization, on September 26, 2024. The grant funding is intended to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The planned activities under this award include providing CDFIs with...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $650,000 Project Grant to Clinton Bancshares, Inc. on September 26, 2024. The grant funding is intended to promote economic revitalization and community development by providing financial and technical assistance to the recipient, a certified CDFI organization. The financial assistance must be used for financial products, financial services, development services, loan loss reserves, and...
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 award 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, Sequatchie County Bancorp, Inc., for financial products, financial services,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 Project Grant to Basile Bancshares, Inc. on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development by providing financial and technical assistance to the recipient, a Community Development Financial Institution (CDFI). The funding must be used for financial products, financial services, development services, loan loss...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to American Bancshares, Inc. on November 21, 2024. The purpose of this grant is to promote economic revitalization and community development through technical assistance to build the capacity of certified and emerging CDFIs. The funding will support eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies....