Southeast Arkansas Bank Corporation

Southeast Arkansas Bank Corporation is a for-profit financial institution registered in SAM.gov since February 2015, located in Lake Village, Arkansas. As a certified Community Development Financial Institution (CDFI), the bank specializes in providing financial services and products to underserved communities, with a focus on low-income areas that lack access to traditional banking resources. The organization delivers targeted financial solutions designed to promote economic development, business growth, and community revitalization through strategic lending and financial support mechanisms.

Through three consecutive federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Southeast Arkansas Bank Corporation has received a total of $1,719,430 in Project Grants between 2021 and 2024. These grants under the CDFI Program (CFDA 21.020) enable the bank to offer financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities. The grants support the bank's mission to create jobs, build businesses, and foster economic self-determination in underserved regions. The most recent award of $835,000 in September 2024 will support community development efforts through December 2027, while previous awards of $482,900 and $401,530 were designed to build the bank's capacity to lend to eligible target markets and promote economic revitalization in rural and urban low-income communities across the nation.