Project Grant 241FA065701G

Award Date 9/26/24
Completion Date 12/31/27
Dollars Obligated $550K
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
Similar Awards
The Community Development Financial Institutions Fund within the Department of the Treasury awarded FBT Bancshares, Inc. a $476,530 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant funds will support economic revitalization and community development through the provision of financial products, services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. As a...
This $835,000 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 C B & T Bancshares Inc. The grant funding will support the CDFI program's goal of promoting economic revitalization and community development through investments in certified and emerging CDFIs. Specifically, the grant will empower C B & T Bancshares, a for-profit organization, to grow, achieve sustainability, and...
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 grant is intended to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs. The planned activities include compensation for personal services, fringe benefits, professional services, travel, training, equipment,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 project grant to Franklin Bancshares, Inc., a for-profit community development financial institution (CDFI), on September 26, 2024. This grant, provided under CFDA 21.020 - Community Development Financial Institutions Program, is intended to invest in and build the capacity of Franklin Bancshares to drive economic revitalization, create jobs, build businesses, and foster...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Franklin Bancorp, Inc. a $482,900 project grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The CDFI Program uses financial and training awards to build the capacity of certified Community Development Financial Institutions (CDFIs) and enable them to provide capital and financial services that drive community development and revitalization in...
This $900,000 Project Grant was awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to First National Bancorp, Inc. The grant will support the CDFI's efforts to promote economic revitalization and community development through financial services, loans, investments, and technical assistance targeted at underserved low-income, Native American, and economically disadvantaged populations. The funding will...
The $1,110,000 Project Grant awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Grant Bancshares, Inc. on September 26, 2024 supports the organization's capacity to deliver financial products, services, and development assistance to underserved communities, particularly Native American and low-income populations. This funding allows Grant Bancshares, Inc., a certified Community Development Corporation, to expand its...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to FBT Bank & Mortgage, a federally insured depository institution certified as a CDFI. The grant supports the bank's efforts to increase investments and support for other certified CDFIs, as well as expand lending, investing, and service-related activities in the most economically distressed communities....
This $450,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will support Sequatchie County Bancorp, Inc., a for-profit organization, in delivering financial services, loans, investments, and technical assistance to underserved communities in the United States. The award, which runs from September 2024 through December 2027, aims to build the capacity of this CDFI, enabling it to grow, achieve...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 project grant to Oak Ridge Bancshares, Inc. on November 21, 2024. The grant will be used to provide technical assistance to build the organizational capacity of certified and emerging CDFIs to serve low-income communities and populations with limited access to affordable financial products and services. Eligible activities under the grant include compensation for personnel, fringe...

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 financial services, loans, investments, and technical assistance to underserved communities, particularly focusing on low-income and Native American populations. The grant aims to create jobs, build businesses, and foster economic self-determination in these communities nationwide, ultimately promoting economic revitalization and community development.

Generated 7/1/25, 4:20 AM