American Bank of Texas and Federal Home Loan Bank of Dallas Award $10K Grant to Four Rivers Outreach

SHERMAN, Texas, Sept. 19, 2014 /PRNewswire/ -- A check presentation and fundraising banquet with music and sports stars was held yesterday that included a $10,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas (FHLB Dallas) and its member institution, the American Bank of Texas, to Four Rivers Outreach, an addiction-treatment facility in Sherman, Texas.

The check presentation was held at the Ray Davis Hangar, North Texas Regional Airport, 4700 Airport Dr., Denison, Texas. It was followed by a fundraising banquet, with country singers Larry Gatlin (keynote speaker) and Randy Travis, and Dallas Cowboy legends Gene Stallings, Cliff Harris, and Charlie Waters.

Four Rivers Outreach offers residential and non-residential recovery programs for men and women who struggle with substance abuse and/or homelessness. Proceeds from the banquet, as well as the full PGP award, will be used to serve this vulnerable population. This marks the second PGP grant to Four Rivers. The first grant for $10,500 was awarded in 2010. 

"We're very lean and mean. We have only three full-time employees and a few part-time," said Arthur Horn, Four Rivers Outreach president and co-founder. "Most of us are volunteers so that most of the money goes to our clients. It's all about the clients. The grant money will be used for operational costs to provide transitional living for our residents and for our career center. We also have a print shop, a dental clinic, and outpatient counseling."

Through the PGP, FHLB Dallas awards partnership grants through its member institutions, like American Bank of Texas, to provide funding for the operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches a member's cash contribution to a community-based organization of $500 up to $5,000 at a 3:1 ratio. Through its member institutions, FHLB Dallas awarded $225,000 in partnership grants in 2013.

"American Bank of Texas is proud to assist Four Rivers because we believe in the work they do," said Ginger Nye, director of marketing, American Bank of Texas. "Arthur and Jeannie and all the volunteers are making a real difference to lives and to our community."

FHLB Dallas supports community investment throughout its five-state District of Texas, New Mexico, Arkansas, Louisiana, and Mississippi.

"The Partnership Grant Program was created to help fill a gap in funding so often seen in community-based organizations," said FHLB Dallas SVP and Chief Administrative Officer Bre Chapman. "We heard from our members of a tremendous need in the community for operational support for these organizations and partnership grants allow our members to be there for them in tangible ways."

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $33.6 billion as of June 30, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

Contact:

Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445

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SOURCE Federal Home Loan Bank of Dallas