Federal grants to Security Bancshares, Inc
Security Bancshares, Inc in Paris, Tennessee received $12.8 million in federal grants from fiscal 2021 to 2025, across 5 awards. Its largest program was Capital Magnet Fund, with $6.5 million. In fiscal 2025 it was awarded $6.5 million.
From USAspending.gov award records, updated October 31, 2026.
- Grants, FY 2021 to 2025$12.8 million
- Awards5
- Awarded in FY 2025$6.5 million
- Largest award$6.5 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 0 | $0 |
| FY 2022 | 1 | $400,000 |
| FY 2023 | 2 | $5.6 million |
| FY 2024 | 1 | $241,431 |
| FY 2025 | 1 | $6.5 million |
Programs that fund Security Bancshares, Inc
| Program | Awards | Amount |
|---|---|---|
| Capital Magnet Fund | 1 | $6.5 million |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $5.0 million |
| Community Development Financial Institutions Program | 2 | $1.1 million |
| Small Dollar Loan Program | 1 | $241,431 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 5 | $12.8 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| 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 15, 2024 | $6.5 million |
| 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 | $5.0 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | February 28, 2023 | $660,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | December 8, 2021 | $400,000 |
| Purpose: to support certified community development financial institutions (CDFIS) 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. P | Small Dollar Loan Program | April 16, 2024 | $241,431 |
Questions people ask
How much federal grant money does Security Bancshares, Inc get?
$12.8 million in 5 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Security Bancshares, Inc the most?
The Department of the Treasury, with $12.8 million in 5 awards.
What is Security Bancshares, Inc's largest federal grant?
$6.5 million under Capital Magnet Fund, with its first action in the period on October 15, 2024. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Security Bancshares, Inc?
Its largest are Capital Magnet Fund, Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Community Development Financial Institutions Program.
Other grant recipients in Paris
- Paris Housing Authority
- Paris-Henry County Health Care Foundation, Inc.
- Commercial Bank & Trust Company
- Security Bank and Trust Company
- Tennessee College of Applied Technology Henry/Carroll
- Tarp, Inc.
Largest federal grant recipients in Tennessee · Federal grants in Tennessee