The Community Development Financial Institutions Fund within the Department of the Treasury awarded Commerce Bancorp, Inc. a $701,530 Project Grant under the Community Development Financial Institutions Program. 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. The goal is to...
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...
This $1,110,000 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Farmers Bancorp Inc. The funding aims to invest in and build the capacity of the awardee, a certified CDFI, to promote economic revitalization and community development in underserved communities. Specifically, the award will empower the CDFI to grow, achieve organizational sustainability, and drive community revitalization through...
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,...
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 $1,860,000 federal Project Grant award to Peoples Bancshares, Inc. was provided through the Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury. 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, particularly in Native American communities. Through this award, Peoples...
This $1,250,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program provides funding to Communityworks, a non-profit Community Development Financial Institution, to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly Native American, minority, and low-income populations. The CDFI Program, with CFDA Number 21.020, aims to promote economic revitalization and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $259,812 Project Grant to Commerce Bank under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports Commerce Bank, a certified CDFI, in increasing its investments and support for other certified CDFIs, as well as expanding its lending, investing, and service activities in the most economically distressed communities. The award period runs from September 19, 2024, to...
This $1,035,000 Project Grant was awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The grant funding supports the CDFI program's mission to promote economic revitalization and community development through investments in and assistance to certified and emerging Community Development Financial Institutions (CDFIs). Specifically, this grant award will enable the awardee, First National Financial...