CDBA Members Win Big in 2016 BEA Awards
The CDFI Fund has announced $18.6 million in 2016 Bank Enterprise Award grants to mission-focused banks for their service in distressed communities. With limited resources, the BEA program provided grants to a record-breaking 102 banks and thrifts headquartered in 22 states and the District of Columbia. The highest proportions went to rural Mississippi and Louisiana. 92% of the money was awarded to 86 CDFI-certified banks.