CDFI Fund Announces BEA Awards to CDBA Members

Tuesday, November 19, 2013

The CDFI Fund has announced its FY 2013 Bank Enterprise Awards, including twenty six (26) awards to CDBA member banks which received a total of $6,849,561 – or 40% of all awards.

In all, eighty-five (85) banks received $17 million in awards. The CDFI Fund reported that they received 98 applications requesting $91 million. The number of applicants in this year's BEA Program round represents an increase of 38 percent over the prior year. It is the largest number of BEA Program applicants since FY 2002. The average award was $200,574 and the maximum award was $323,000. Among the 85 awardees, 38 were CDFI banks ($11.1 million – or 65% of awards) and 21 were minority depository institutions ($6.2 million – or 36% of awards).

CDFI banks were awarded $11,352,909. Of the 26 CDBA member awardees, nineteen received the maximum award of $323,000.


The CDBA congratulates the following members awardees: 

ABC Bank (Chicago, IL): $323,000 

Albina Community Bank (Portland, OR): $256,950

BankPlus (Belzoni, MS):  $323,000 

Broadway Federal Bank, f.s.b.  (Los Angeles, CA): $199,951 

Carver Federal Savings Bank     (New York, NY): $323,000 

CBMS: Community Bank (Ellisville, MS):  $86,655 

CBMS: Community Bank of Mississippi (Forest, MS): $88,777 

CBMS: Community Bank, North Mississippi (Amory, MS): $50,287 

Central Bank of Kansas City (Kansas City, MO): $254,792 

City First Bank of D.C., N.A. (Washington, DC): $323,000

Community Bank of the Bay (Oakland, CA): $323,000 

First American International Bank (Brooklyn, NY): $323,000 

First Eagle  Bank (Hanover Park, IL): $323,000 

First Security Bank (Batesville, MS): $39,649 

Guaranty Bank and Trust Company (Belzoni, MS): $323,000 

Illinois-Service Federal Savings and L.A. (Chicago, IL): $323,000 

International Bank of Chicago  (Chicago, IL): $323,000 

Metro Bank (Louisville, KY): $323,000 

Mission Valley Bank (Sun Valley, CA): $323,000 

One PacificCoast Bank, FSB (Oakland, CA): $323,000 

Pan American Bank (Melrose Park, IL): $323,000

Start Community Bank (New Haven, CT): $58,500 

Sunrise Banks, N.A. (St. Paul, MN): $323,000 

United Bank (Atmore, AL):  $323,000 

Urban Partnership Bank (Chicago, IL): $323,000

The Bank of Vernon (Vernon, AL): $323,000