Friend Bank
Slocomb, AL Part of SNB Holdings, Inc.
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
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Parent
Slocomb, AL
RR55RXEJDBG9
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Parent
Slocomb, AL
RR55RXEJDBG9
- SAM.gov registration date
- Physical address
- 220 E Lawrence St, Slocomb, AL 36375, USA
- Website
- friendbank.net
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- 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.
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About the company
Friend Bank is a for-profit, FDIC-insured community bank that serves as a Community Development Financial Institution (CDFI). As a CDFI, Friend Bank provides financial products and services to underserved communities and populations. Through various federal grant programs, Friend Bank receives funding to expand its community development financing activities.
The Department of the Treasury's Community Development Financial Institutions Fund has awarded Friend Bank six project grants since 2019 under the following programs: the Bank Enterprise Award Program (BEA), the CDFI Rapid Response Program (CDFI RRP), and the new CDFI Equitable Recovery Program (CDFI ERP). As a prime recipient, Friend Bank utilizes these grants to increase lending, investments, services, and technical assistance to minority communities and small businesses impacted by COVID-19. Specific activities funded include loans to distressed microenterprises, equity investments and deposits in Minority Depository Institutions, financial literacy programs, and friendbanking services for the unbanked. In total, Friend Bank has been granted over $5 million to carry out community development activities between 2019-2028. The bank works directly with the CDFI Fund and does not subaward grants. Through its designation as a CDFI, Friend Bank can access these unique funding streams to expand economic opportunity in the communities it serves.
Quick answers
Is Friend Bank registered in SAM.gov?
Yes. Friend Bank's SAM.gov registration is active through April 30, 2027.
What is Friend Bank's CAGE code?
Friend Bank's CAGE code is 892B7, and its Unique Entity ID (UEI) is YH9FNGBTP4L3.
What is Friend Bank's most recent federal award?
Friend 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… (231BE063450G), from Community Development Financial Institutions Fund, on September 20, 2023.
On GovTribe
See Friend Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors