Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Physical address
- 44825 AL-17, Vernon, AL 35592, USA
- Website
- bankofvernon.bank
- Employees
- 1-10
- Estimated annual revenue
- $0-$1M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| First Vernon Bancshares, Inc. | Vernon, AL | — |
| Merchants & Farmers Bank Of Greene County | Eutaw, AL | — |
| West Alabama Bank & Trust | Reform, AL | — |
| United Bank | Atmore, AL | — |
| United Bank | Atmore, AL | — |
About the company
Bank of Vernon is a corporate entity registered in SAM.gov since June 30, 2013, located in Vernon, Alabama, and functions as a for-profit organization and community development corporation. As a financial institution, the bank specializes in providing community development financing and services, particularly targeting low-to-moderate income populations in economically distressed areas. The bank is FDIC-insured and has demonstrated a consistent commitment to supporting underserved communities through various federal grant programs.
Through multiple federal grant awards from the Community Development Financial Institutions (CDFI) Fund within the U.S. Department of the Treasury, Bank of Vernon has received grants totaling approximately $2.08 million across different programs. These grants include the Bank Enterprise Award (BEA) Program, the CDFI Rapid Response Program (RRP), and the CDFI Economic Response Program (ERP), which collectively focus on expanding lending, investments, and technical assistance to certified CDFIs and communities disproportionately impacted by economic challenges, particularly during the COVID-19 pandemic. The bank's grant-funded activities have specifically targeted increasing financial services and support to low-income communities, providing financial and technical assistance to small businesses and non-profits, and building organizational capacity through technology and staffing investments. Each grant award has a specific completion date ranging from December 2023 to December 2028, indicating a sustained commitment to community development financing and services.
Quick answers
Is Bank Of Vernon registered in SAM.gov?
Yes. Bank Of Vernon's SAM.gov registration is active through July 1, 2027.
What is Bank Of Vernon's CAGE code?
Bank Of Vernon's CAGE code is 6XC41, and its Unique Entity ID (UEI) is SKJ5QDSBJSK4.
What is Bank Of Vernon's most recent federal award?
Bank Of Vernon's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (241BE066405G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Bank Of Vernon's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors