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Southern Bancorp Community Partners awarded $2 million by U.S. Treasury Department’s CDFI Fund

Southern Bancorp Community Partners awarded $2 million by U.S. Treasury Department’s CDFI Fund

Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and financial development organization working in partnership with Southern Bancorp to create economic opportunity in some of the nation’s most economically distressed and underserved markets, has been awarded $2 million, the maximum available under the Financial Assistance program of the U.S. Treasury’s CDFI Fund. The competitive awards, which are presented after a rigorous evaluation based on a CDFI’s abilities and success in providing financial access to underserved communities, totaled just over $185 million to 196 organizations this year.