Magnolia State Bank
Bay Springs, MS
- UEI
- ERQ8FLEAXA63
- CAGE
- 6XB23
- Primary NAICS
- Not on record
- 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
- 28 MS-528, Bay Springs, MS 39422, 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
Magnolia State Bank is a for-profit, Subchapter S Corporation headquartered in Bay Springs, Mississippi, registered in the System for Award Management (SAM) since 2013. As a financial institution, the bank specializes in community development and targeted financial services, with a primary focus on supporting low- and moderate-income communities through strategic grant-funded initiatives. The bank provides federal agencies, particularly the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, with targeted financial services and community development solutions designed to address economic challenges in underserved areas.
Through multiple federal grant awards, Magnolia State Bank has consistently demonstrated its commitment to economic development and community support, primarily through programs like the Bank Enterprise Award (BEA) Program, Community Development Financial Institutions Equitable Recovery Program (CDFI ERP), and CDFI Rapid Response Program (CDFI RRP). The bank has secured over $4.5 million in federal grants between 2020 and 2024, utilizing these funds to provide technical assistance, affordable housing financing, small business support, and tailored financial products for low-income populations. Specific services have included expanding lending and investment activities in economically distressed communities, supporting COVID-19 pandemic recovery efforts, and offering financial and technical assistance to underserved businesses and non-profit organizations. Each grant award has been strategically designed to increase community development financing, support certified CDFIs, and create economic opportunities in the most vulnerable communities, with a particular emphasis on minority-owned businesses and regions significantly impacted by economic challenges.
Quick answers
Is Magnolia State Bank registered in SAM.gov?
Yes. Magnolia State Bank's SAM.gov registration is active through June 9, 2027.
What is Magnolia State Bank's most recent federal award?
Magnolia State 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… (241BE066394G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Magnolia State Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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