The US Treasury’s CDFI Fund announced the recipients of its 2013 Financial Assistance Awards, including 11 CDFI Banks. The institutions will use these funds to increase lending and diversify product offerings in their target markets.
A total of $12,320,000 was awarded to 11 depository institutions and holding companies. This year half of all applicants in that category were awarded funds, a high rate of success that points toward the hard work on the part of these deserving banks. Read the official announcement.
Congratulations to the following institutions:
- Carver Financial Corporation (Carver State Bank)
- Central Bancshares of Kansas City, Inc. (Central Bank of Kansas City)
- City First Enterprises, Inc. (City First Bank of D.C.)
- First Eagle Bancshares (First Eagle Bank)
- Greater Chicago Financial Corp. (Austin Bank of Chicago)
- Guaranty Capital Corporation (Guaranty Bank and Trust Co.)
- Liberty Financial Services (Liberty Bank and Trust Co.)
- One PacificCoast Bancorp, Inc. (One PacificCoast Bank)
- PGB Holdings, Inc. (Pacific Global Bank)
- Southern Bancorp Bank
- Virginia Community Capital (Community Capital Bank of Virginia)
NCIF was pleased and honored to receive $847,000 in support of our work. We will use the FA Award to increase lending and to capitalize a new small business lending initiative. Many thanks to the CDFI Fund for supporting the economic development efforts of many institutions that stimulate struggling communities.