Progressive National Bank

Progressive National Bank is a Subchapter S Corporation registered in SAM.gov since December 21, 2017, located in Mansfield, Louisiana. As a for-profit financial institution, the bank specializes in community development and targeted financial services, with a particular focus on supporting economically distressed areas through strategic lending and investment programs. The bank has consistently engaged with the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, demonstrating a commitment to providing financial services and support to underserved communities.

Through federal grant awards, Progressive National Bank has primarily participated in specialized programs designed to address economic challenges, particularly in response to the COVID-19 pandemic. The bank has received multiple grants through the Bank Enterprise Award (BEA) Program and the Community Development Financial Institutions Rapid Response Program (CDFI RRP), totaling over $2 million in funding. These grants have enabled the bank to provide targeted assistance including loans, equity investments, deposits, and grants to Community Development Financial Institutions (CDFIs), as well as direct lending, investing, and counseling programs for low-income residents and small businesses in economically distressed areas. Specific grant-funded activities have included emergency relief efforts, community development financing, technical assistance to CDFI partners, and support for businesses and residents preparing for and responding to the economic impacts of the coronavirus pandemic. The bank's work has been consistently focused on delivering financial support and services to communities facing significant economic challenges, with a strong emphasis on targeted, localized economic development and recovery initiatives.