Commonwealth National Bank
Mobile, AL
- UEI
- NKKSA99Z3VP4
- CAGE
- 6EZF4
- Primary NAICS
- 522110 Commercial Banking
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Physical address
- 2214 St Stephens Rd, Mobile, AL 36617, USA
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.
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About the company
Commonwealth National Bank is a minority-owned, for-profit financial institution based in Mobile, Alabama, registered in the System for Award Management (SAM.gov) since 2011. As a Black American-owned corporate entity, the bank specializes in community development financial services, with a particular focus on supporting underserved and economically distressed communities. The bank has demonstrated a commitment to expanding access to capital, providing technical assistance, and delivering targeted financial products to populations traditionally marginalized by mainstream banking systems.
Through its federal grant awards, primarily from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, Commonwealth National Bank has secured multiple project grants totaling approximately $1.87 million across different programs. These grants, including the Bank Enterprise Award (BEA) Program and the Equitable Recovery Program (CDFI ERP), enable the bank to expand lending, grant-making, and investment activities in low- and moderate-income communities. Specifically, the bank's grant-supported work includes providing affordable housing financing, small business support, technical assistance, and developing tailored financial products for underserved populations. The most recent $1.59 million CDFI ERP grant, awarded in April 2023 and running through December 2028, focuses on addressing economic impacts from the COVID-19 pandemic by supporting minority borrowers and communities with significant unmet capital and financial service needs. The bank's grants also support organizational capacity building, technology acquisition, and strategic resource development to enhance its community development capabilities.
Quick answers
Is Commonwealth National Bank registered in SAM.gov?
Yes. Commonwealth National Bank's SAM.gov registration is active through May 31, 2027.
What is Commonwealth National Bank's most recent federal award?
Commonwealth National Bank's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (241BE066451G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Commonwealth National Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors