Project Grant D22AP00028

This $295,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Bank of Commerce's participation in the Small Dollar Loan Program. Through this award ending December 2024, the Bank of Commerce will establish a loan loss reserve and receive technical assistance to provide alternative small dollar loans to underbanked populations. The Small Dollar Loan Program aims to increase access to affordable capital and credit building...

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 Asian Bank on September 19, 2024. The grant supports Asian Bank, a minority-owned, for-profit community development financial institution, in increasing its investments and support for certified CDFIs as well as expanding its lending, investing, and service-related activities in the most economically...

Commercial Bank & Trust Company was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support the bank's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the coronavirus pandemic in its communities. As a Community Development Financial Institution, Commercial Bank & Trust...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $181,766 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to Bank of Commerce & Trust Co. on September 19, 2024. The grant supports the bank's increased investments and support to certified Community Development Financial Institutions (CDFIs), as well as expanded lending, investing, and service activities in economically distressed communities. The expected...

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 Bank of Commerce on Sep 19, 2024. The grant supports the bank's efforts to increase investments in certified CDFIs and expand lending, investing, and service activities in economically distressed communities. Planned activities include providing financial and technical assistance to CDFIs through equity...

Commercial Bank & Trust Company was awarded a $1.8 million project grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support Commercial Bank's ability to respond to the economic impacts of the coronavirus through December 31, 2023. As a Community Development Financial Institution, Commercial Bank will use the funding to provide financial and technical assistance to...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Bank Enterprise Award (CFDA 21.021) to Bankfirst Financial Services on September 19, 2024. The grant supports Bankfirst Financial Services, a for-profit community development financial institution based in Macon, Mississippi, to increase its investments in certified CDFIs and expand lending, investing, and service-related activities in the most economically distressed communities....

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 Partners Bank, a for-profit FDIC-insured depository institution. The grant supports Partners Bank's increased investments and support to certified Community Development Financial Institutions (CDFIs), as well as the bank's expanded lending, investing, and service-related activities in the most economically...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $179,472 Project Grant to Commercial Bank & Trust Company under the Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports the bank's efforts to increase investments and provide technical assistance to certified Community Development Financial Institutions (CDFIs), as well as expand lending, investing, and service-related activities in the most economically distressed...

The Department of the Treasury's Community Development Financial Institutions Fund awarded $255,000 under the Small Dollar Loan Program (CFDA 21.025) to FBT Bank & Mortgage on September 23, 2021. Through this Project Grant, FBT Bank & Mortgage will establish a loan loss reserve and receive technical assistance to support small dollar lending to underserved populations through December 2024. Specifically, the grant funds will enable the certified Community Development Financial...