Federal grants to Mechanics and Farmers Bank
Mechanics and Farmers Bank in Durham, North Carolina received $3.4 million in federal grants from fiscal 2021 to 2025, across 4 awards. Its largest program was Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with $2.5 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$3.4 million
- Awards4
- Awarded in FY 2025$0
- Largest award$2.5 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 0 | $0 |
| FY 2022 | 1 | $170,699 |
| FY 2023 | 2 | $2.9 million |
| FY 2024 | 1 | $280,369 |
| FY 2025 | 0 | $0 |
Programs that fund Mechanics and Farmers Bank
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $2.5 million |
| Bank Enterprise Award Program | 3 | $873,826 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 4 | $3.4 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 | $2.5 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 | $422,758 |
| 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: 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 Mechanics and Farmers Bank get?
$3.4 million in 4 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Mechanics and Farmers Bank the most?
The Department of the Treasury, with $3.4 million in 4 awards.
What is Mechanics and Farmers Bank's largest federal grant?
$2.5 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 Mechanics and Farmers Bank?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Bank Enterprise Award Program.
Other grant recipients in Durham
- Duke University
- Family Health International
- North Carolina Central University
- Housing Authority of the City of Durham
- Rho Federal Systems Division Inc
- City of Durham
- Families & Communities Rising, Inc.
- Lincoln Community Health Center Incorporated
Largest federal grant recipients in North Carolina · Federal grants in North Carolina