Federal grants to Peoples Bank
Peoples Bank in Mendenhall, Mississippi received $13.2 million in federal grants from fiscal 2021 to 2025, across 7 awards. Its largest program was Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with $6.2 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$13.2 million
- Awards7
- Awarded in FY 2025$0
- Largest award$6.2 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $2.1 million |
| FY 2022 | 1 | $170,699 |
| FY 2023 | 2 | $6.6 million |
| FY 2024 | 2 | $4.3 million |
| FY 2025 | 0 | $0 |
Programs that fund Peoples Bank
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $6.2 million |
| Capital Magnet Fund | 1 | $4.0 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Bank Enterprise Award Program | 3 | $888,418 |
| Small Dollar Loan Program | 1 | $280,000 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 7 | $13.2 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $6.2 million |
| Purpose: to attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (c | Capital Magnet Fund | October 4, 2023 | $4.0 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: the bank enterprise award program (bea program) provides monetary awards to fdic insured depository institutions (i.e., banks and thrifts) that demonstrate increases in their (i) investments and support to certified community development financial institutions (CDFIS), or (II) lending, inve | Bank Enterprise Award Program | September 20, 2023 | $437,350 |
| Purpose: the bank enterprise award program (bea program) provides monetary awards to fdic insured depository institutions (i.e., banks and thrifts) that demonstrate increases in their (i) investments and support to certified community development financial institutions (CDFIS), or (II) lending, inve | Bank Enterprise Award Program | September 19, 2024 | $280,369 |
| Purpose: to provide an alternative to high-cost small dollar loans, as well as help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system. Activities to be performed: through the sdl program, the cdfi fund will pro | Small Dollar Loan Program | September 23, 2021 | $280,000 |
| Purpose: the bank enterprise award program (bea program) provides monetary awards to fdic insured depository institutions (i.e., banks and thrifts) that demonstrate increases in their (i) investments and support to certified community development financial institutions (CDFIS), or (II) lending, inve | Bank Enterprise Award Program | April 6, 2022 | $170,699 |
Questions people ask
How much federal grant money does Peoples Bank get?
$13.2 million in 7 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Peoples Bank the most?
The Department of the Treasury, with $13.2 million in 7 awards.
What is Peoples Bank's largest federal grant?
$6.2 million under Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with its first action in the period on April 10, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Peoples Bank?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), Capital Magnet Fund and Community Development Financial Institutions Rapid Response Program (CDFI RRP).
Other grant recipients in Mendenhall
Largest federal grant recipients in Mississippi · Federal grants in Mississippi