KANSAS CITY, Mo. — As part of the federal Emergency Capital Investment Program, President Joe Biden gave $187 million to Missouri banks, credit unions and holding companies.
A Wednesday release from the U.S. Department of Treasury announced that $75,000,000 has been given to Central Bancshares of Kansas City; $1,000,000 has been given to the Holy Rosary Credit Union in Kansas City; $99,000,000 has been given to Ozarks Hertiage Financial Group in Gainesville and $12,041,000 has been given to Star Bancshares in Bolivar.
Under the Biden Administration, the ECIP aims to relieve underserved communities that struggled during COVID-19 by giving financial institutions more opportunities to provide grants, loans and forbearance for small and minority-owned businesses.
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