The U.S. Treasury Department has awarded more than $94.9 million to 52 financial institutions throughout Mississippi, including RiverHills Bank.

The award is capital intended to spur more private-sector investments in local communities.

Sen. Cindy Hyde-Smith (R-Miss.), of Brookhaven, made the announcement Tuesday.

The funding is provided as COVID-19 relief funds through the Treasury Department’s Community Development Financial Institutions (CDFI) Rapid Response Program (RRP).  The CDFI RRP grants are funded through the FY2021 Consolidated Appropriations Act, which was signed into law in December.