The U.S. Department of the Treasury’s community development financial institutions (CDFI) fund has awarded over $73 million in grants to CDFIs in Mississippi’s Second Congressional District.
Funds are being distributed through the CDFI Equitable Recovery Program.
The money provided to the institutions will strengthen the ability of CDFIs to help low and moderate-income communities recover from the COVID-19 pandemic and invest in long-term prosperity.
These CDFI Fund investments will be used as follows:
- Planters Bank & Trust Company (Indianola) – $6,197,097
- Genesis Bank (Benoit) – $6,197,097
- Copiah Bank (Hazlehurst) – $4,957,678
- Hope Federal Credit Union (Jackson) – $4,957,678
- Mechanics Bank (Water Valley) – $4,957,678
- The Jefferson Bank (Greenville) – $4,957,678
- United Mississippi Bank (Natchez) – $4,957,678
- Hope Enterprise Corporation (Jackson) – $4,709,794
- Bank of Commerce (Greenwood) – $3,718,258
- Merchants and Planters Bank (Raymond) – $3,718,258
- Riverhills Capital Corporation (Vicksburg) – $3,718,258
- The Cleveland State Bank (Cleveland) – $3,718,258
- Bank of Kilmichael (Kilmichael) – $2,478,839
- Bank of Winona (Winona) – $2,478,839
- BankPlus (Belzoni) – $2,478,839
- Guaranty Bank & Trust (Belzoni) – $2,478,839
- Holmes County Bank (Lexington) – $2,478,839
- Cullywood Capital (Jackson) – $2,452,811
- Citizens Bank & Trust Company (Marks) – $1,735,187
