Legacy Bank & Trust Company

Legacy Bank & Trust Company is a for-profit corporate entity registered in SAM.gov since April 2016, located in Mountain Grove, Missouri. As a certified Community Development Financial Institution (CDFI), the bank specializes in providing financial services and support to economically distressed and underserved communities, with a primary focus on responsible lending and community revitalization. The institution's federal grant awards consistently demonstrate its commitment to expanding access to capital for low-income populations and supporting affordable housing and economic development initiatives nationwide.

Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, Legacy Bank & Trust Company has received substantial funding across several key programs, including the Capital Magnet Fund, Bank Enterprise Award, and Rapid Response Program. These grants, totaling over $13 million between 2021 and 2024, enable the bank to finance affordable housing development, preservation, and rehabilitation, as well as support commercial development and provide tailored financial services to extremely low-, very low-, and low-income populations. The bank collaborates with nonprofit affordable housing organizations, public entities, and other CDFIs by competitively subawareding portions of its grant funding. Key grant programs include financing housing solutions, attracting private capital investment, supporting economic development activities, and responding to economic challenges such as the coronavirus pandemic. The bank's federal grant work specifically targets community service facilities like day care centers, workforce development centers, and healthcare clinics, with the ultimate goal of stabilizing and revitalizing rural and economically challenged areas across the United States.