FNBC Bancorp, the holding company for FNBC Bank, has been awarded a $600,000 Financial Assistance grant by the U.S. Treasury Department’s CDFI fund for its service to rural and underserved communities.
The grant will allow FNBC to increase lending and investment activity in low-income and economically-distressed communities.
“We are excited to receive another award from the CDFI Fund,” FNBC President and CEO Marty Sellars said in a news release. “These funds have allowed us to empower our communities in unique ways, and we will continue to invest in small businesses that help grow our local economies.”
FNBC applied for and received the CDFI designation in 2016. Since then, it has been awarded three grants totaling more than $1.4 million.
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