BEA Program Disperses Economic Development Funds to Record Number of Distressed Communities Across the Nation

Community Development Bankers Association
Wednesday, December 19, 2018

This week, small banks serving America's impoverished communities were recognized by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund with $25 million in Bank Enterprise Awards (BEA Awards) to a record-breaking 119 banks and thrifts headquartered in 24 states and the District of Columbia. Of the awardees, 61 are members of the Community Development Bankers Association (CDBA), who received a total of $13.8 million in awards (55 percent of the total award dollars).