Bank3

Bank3 is a for-profit corporate entity registered in SAM.gov, headquartered in Memphis, Tennessee, with a current registration valid through October 30, 2025. As an FDIC-insured depository institution, the bank specializes in community development financial services, focusing on supporting low- and moderate-income communities through targeted financial products and investments. The organization has consistently received federal grants from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, demonstrating its commitment to economic development in underserved regions.

Through federal grant awards, Bank3 has received multiple project grants designed to expand lending, investment, and community development activities in economically distressed areas. Specifically, the bank has been awarded grants under three primary programs: the Bank Enterprise Award (BEA) Program, the Equitable Recovery Program (CDFI ERP), and community development financing initiatives. The most significant grant to date is a $2.478 million Equitable Recovery Program award aimed at responding to COVID-19 economic impacts, which enables the bank to expand lending, grant-making, and investment activities in low- and moderate-income communities. The bank's grant awards range from $280,369 to $2.478 million, with performance periods extending from 2022 to 2028. The grants support activities such as providing technical assistance, affordable housing financing, small business support, and developing tailored financial products for underserved populations. All grants have been awarded directly by the Community Development Financial Institutions Fund, with no indication of sub-recipient involvement.