Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Physical address
- 509 1st Ave W, Reform, AL 35481, USA
- Website
- wab.bank
- Founded
- 1944
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
- Profiles
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
West Alabama Bank & Trust is a for-profit corporate entity located in Reform, Alabama, registered in the System for Award Management (SAM) since May 2014. As a community bank, the institution focuses on providing financial services and community development support, with a particular emphasis on serving low- and moderate-income populations in economically distressed areas. The bank is registered to receive federal grant awards and has consistently been a recipient of funding from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, demonstrating its commitment to community-centered financial services and economic development initiatives.
Through multiple federal grant awards, West Alabama Bank & Trust has received significant funding to support community development efforts across several strategic programs. The bank has been a recipient of the Bank Enterprise Award (BEA) Program, receiving grants totaling approximately $280,369 in 2024 and similar amounts in previous years, aimed at incentivizing investments in certified Community Development Financial Institutions (CDFIs) and expanding lending in economically challenged communities. Additionally, the bank was awarded $1,826,265 through the CDFI Rapid Response Program in 2021 specifically to address economic challenges related to the coronavirus pandemic. These grants have enabled West Alabama Bank & Trust to provide technical assistance, affordable housing financing, small business support, and develop tailored financial products for underserved populations. The bank's grant-funded activities focus on increasing investments in CDFIs, expanding community development financing, and delivering critical financial services to low-income and economically distressed areas, primarily working directly with the Community Development Financial Institutions Fund as its primary federal funding partner.
Quick answers
Is West Alabama Bank & Trust registered in SAM.gov?
Yes. West Alabama Bank & Trust's SAM.gov registration is active through July 1, 2027.
What is West Alabama Bank & Trust's CAGE code?
West Alabama Bank & Trust's CAGE code is 74HR7, and its Unique Entity ID (UEI) is K319SB5FLTQ3.
What is West Alabama Bank & Trust's most recent federal award?
West Alabama Bank & Trust's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (241BE066300G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See West Alabama Bank & Trust's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors