Commerce Bancorp, Inc.

Commerce Bancorp, Inc. is a community development financial institution (CDFI) registered in the System for Award Management (SAM) with a primary focus on providing financial services to underserved communities, particularly Native American populations. Located in Greenwood, Mississippi, the organization is structured as a for-profit corporate entity committed to delivering affordable financial products and services to low-income markets that traditionally lack access to conventional banking resources. The institution specializes in creating economic opportunities through targeted financial assistance, leveraging its expertise to support community development and economic revitalization.

Through federal grant awards from the Community Development Financial Institutions (CDFI) Fund within the U.S. Department of the Treasury, Commerce Bancorp, Inc. has received multiple project grants totaling nearly $2 million, designed to build its organizational capacity and expand financial services in underserved communities. These grants, including awards in 2020 ($201FA054395G), 2021 ($211FA056820G), and most recently in 2024 ($241FA065757G), enable the organization to provide financial products, development services, loan loss reserves, and capital reserves to low-income populations. The grants specifically support the institution's efforts to create jobs, build businesses, and foster economic self-determination, with a particular emphasis on Native American communities. The CDFI Program funding allows Commerce Bancorp, Inc. to develop financial products that address gaps in traditional banking services, ultimately promoting economic revitalization and community development across rural and urban areas nationwide.