Federal grants to BANK3
BANK3 in Memphis, Tennessee 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 BANK3
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $2.5 million |
| Bank Enterprise Award Program | 3 | $888,418 |
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 | $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: 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 BANK3 get?
$3.4 million in 4 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives BANK3 the most?
The Department of the Treasury, with $3.4 million in 4 awards.
What is BANK3'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 BANK3?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Bank Enterprise Award Program.
Other grant recipients in Memphis
- St Jude Children's Research Hospital Inc
- University of Tennessee
- Memphis-Shelby County Airport Authority
- Memphis Area Transit Authority
- University of Memphis
- City of Memphis, Tennessee
- Shelby County Board of Education
- Shelby County Government
Largest federal grant recipients in Tennessee · Federal grants in Tennessee