Riverhills Capital Corporation

Riverhills Capital Corporation, doing business as Riverhills Bank, is a for-profit corporate entity registered in SAM.gov since October 2015, with registration valid through May 2025. The organization is a certified Community Development Financial Institution (CDFI) that provides financial services with a focus on supporting economically distressed communities. As a federally insured depository institution, Riverhills Bank specializes in offering targeted financial products and services, particularly for underserved populations and communities that have limited access to traditional banking resources.

The bank has consistently received federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, focusing on programs designed to expand financial access and economic development. Specifically, Riverhills has been awarded grants through multiple targeted programs, including the Bank Enterprise Award (BEA) Program, the Small Dollar Loan Program, and the Equitable Recovery Program (ERP). These grants, totaling approximately $4.11 million across four recent awards, support the bank's efforts to provide affordable small business loans, create loan loss reserves, and offer technical assistance to unbanked and underbanked populations. The most significant award was a $3.7 million ERP grant in April 2023, which will enable the bank to expand lending and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through December 2028. Each grant is strategically designed to help Riverhills Bank build organizational capacity, acquire necessary technology and resources, and provide financial services to communities with significant unmet capital needs.