Spring Bank
NY Part of Checkspring Community Corporation
- UEI
- YFXBDFRCGJD5
- CAGE
- 5LFX9
- Primary NAICS
- 561499 All Other Business Support Services
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
-
-
Parent
NY
EC6NBLQC6BF8
-
Parent
NY
EC6NBLQC6BF8
- SAM.gov registration date
- Physical address
- 69 E 167th St, Bronx, NY 10452, USA
- Website
- spring.bank
- Founded
- 2007
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
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
Spring Bank is a for-profit corporate entity headquartered in the Bronx, New York, registered in SAM.gov since July 2012 and set to maintain its registration until November 2025. As a Federal Deposit Insurance Corporation (FDIC)-insured financial institution, the bank specializes in community development and providing financial services to economically distressed communities. Its core mission appears to focus on supporting underserved areas through targeted lending, investing, and technical assistance programs, with a particular emphasis on addressing economic challenges in low-income and marginalized neighborhoods.
Through federal grant awards, primarily from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, Spring Bank has received multiple project grants totaling approximately $2.08 million across different programs. These grants include the Bank Enterprise Award (BEA) Program and the Community Development Financial Institutions Rapid Response Program (CDFI RRP), which specifically support pandemic-related economic recovery efforts. The grants enable Spring Bank to increase investments in certified Community Development Financial Institutions (CDFIs), provide lending and technical assistance to residents and businesses in economically distressed communities, and develop targeted financial support mechanisms. Notably, the bank's grant work focuses on addressing community needs through financial services, with specific goals of increasing loans, investments, and support activities in the most economically challenged areas, particularly in response to economic disruptions caused by the coronavirus pandemic.
Quick answers
Is Spring Bank registered in SAM.gov?
Yes. Spring Bank's SAM.gov registration is active through September 3, 2027.
What is Spring Bank's most recent federal award?
Spring 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… (241BE066382G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Spring Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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