The Community Development Financial Institutions Fund this week issued a notice inviting applications for the 2021 Small Dollar Loan Program, a program that provides grants for loan loss reserves to enable a certified CDFI to establish a loan loss reserve fund to help defray the costs of establishing or maintaining a small-dollar loan program. It also provides technical assistance for technology, staff support and other eligible activities related to small-dollar loan programs. The notice provides details on program application deadlines.
Republic First Bank closed in Pennsylvania
State regulators closed Republic First Bank, doing business under the Republic Bank brand, in Philadelphia, and appointed the FDIC as...