CDBA Members Set New Record in CDFI Fund Awards

CDFI Fund
Thursday, September 10, 2015

CDBA members and CDFI banks as a whole had a record year accessing Bank Enterprise Awards (BEA) and CDFI Program awards. Of the 83 banks receiving BEA funding, 67 were CDFI certified and 42 were CDBA members. This year’s BEA also continued a trend toward more prizes for community banks; 98% of the $18.1 million awarded went to banks with assets of less than $10 billion. CDFI banks also had a record year accessing the CDFI program awards. The 12 banks and bank holding company awardees received awards totaling $14.4 million (9 percent of the total awards), the largest amount ever awarded the CDFI banking industry. Eleven of the 12 banks and bank holding companies that received CDFI Program awards were CDBA members.