Federal Home Loan Bank of Dallas Awards $225K in Partnership Grants

Jul 30, 2015, 11:12 ET from Federal Home Loan Bank of Dallas

DALLAS, July 30, 2015 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce it has awarded $225,000 through its Partnership Grant Program (PGP) to assist 25 community-based organizations with their operational needs. The funds were awarded at a 3:1 match of FHLB Dallas member contributions for a total of $311,200 in funding.

Partnership grants are offered through FHLB Dallas member institutions. The grants provide funding for the operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches a member's cash contributions to a community-based organization of $500 up to $4,000 at a 3:1 ratio.

"The Partnership Grant Program remains one of FHLB Dallas' most in-demand grant programs," said FHLB Dallas Vice President and Director of Community Investment Greg Hettrick. "By leveraging FHLB Dallas PGP funds, our members are able to increase their financial support of local organizations that are making a difference in housing and economic development."

This year's partnership grants were issued through 30 member institutions. Several organizations received funding from multiple members.

Any FHLB Dallas member in good standing is eligible to participate in the program. Listed below are the 2015 PGP award recipients:

Arkansas

Batesville
Member: First Community Bank
Sponsor: Community Enrichment Organization, Inc.
Grant: $12,000

Fort Smith
Member: Arvest Bank
Sponsor: Regional Housing Solutions
Grant: $12,000

Harrison
Member: Community First Bank
Sponsor: Northwest Regional Housing Development Corporation
Grant: $6,000

Louisiana

Baton Rouge
Member: Red River Bank
Sponsor: Louisiana Housing Alliance
Grant: $2,400

Covington
Member: Whitney Bank
Sponsor: Northshore Housing Initiative Inc.
Grant: $3,000

Member: First Bank and Trust
Sponsor: Northshore Housing Initiative Inc.
Grant: $3,000

Member: Home Bank, N.A.
Sponsor: Northshore Housing Initiative Inc.
Grant: $3,000

Member: Fidelity Bank
Sponsor: Northshore Housing Initiative Inc.
Grant: $3,000

Crowley
Member: First National Bank of Louisiana
Sponsor: Empowering the Community for Excellence
Grant: $12,000

Lake Charles
Member: First Federal Bank of Louisiana
Sponsor: Project Build a Future
Grant: $1,500

New Orleans
Member: IBERIABANK
Sponsor: Faubourge Lafitte Tenants
Grant: $12,000

Shreveport
Member: Red River Bank
Sponsor: Highland Center Corporation, LLC
Grant: $6,000

Slidell
Member: Resource Bank
Sponsor: Family Promise of St. Tammany
Grant: $1,500

Mississippi

Batesville
Member: First Security Bank
Sponsor: Panola Habitat for Humanity, Inc.
Grant: $9,000

Member: Guaranty Bank & Trust Company
Sponsor: Panola Habitat for Humanity, Inc.
Grant: $9,000

Canton
Member: BankPlus
Sponsor: Central Mississippi Housing and Development Corporation
Grant: $9,000

Columbus
Member: Bank First Financial Services
Sponsor: Columbus Lowndes Habitat for Humanity
Grant: $9,000

Greenwood
Member: Bank of Commerce
Sponsor: Fuller Center for Housing
Grant: $6,000

Jackson
Member: BancorpSouth Bank
Sponsor: Corporation for Global Community Development
Grant: $12,000

Member: Trustmark National Bank
Sponsor: Corporation for Global Community Development
Grant: $1,500

Member: BankPlus
Sponsor: Mississippi Minority Business Alliance, Inc.
Grant: $12,000

Member: BankPlus
Sponsor: Zoo Area Progressive Partnership (ZAPP)
Grant: $3,000

Pontotoc
Member: BancorpSouth
Sponsor: Pontotoc County Habitat for Humanity
Grant: $3,000

Member: Renasant Bank
Sponsor: Pontotoc County Habitat for Humanity
Grant: $3,000

Member: First National Bank
Sponsor: Pontotoc County Habitat for Humanity
Grant: $3,000

Member: Oxford University Bank
Sponsor: Pontotoc County Habitat for Humanity
Grant: $3,000

Member: Woodforest National Bank
Sponsor: Pontotoc County Habitat for Humanity
Grant: $3,000

New Mexico

Farmington
Member: Bank of the Southwest
Sponsor: Four Corners Economic Development Foundation
Grant: $3,000

Member: Four Corners Community Bank
Sponsor: Four Corners Economic Development Foundation
Grant: $7,500

Texas

Denton
Member: DATCU
Sponsor: Denton Assistance Center Inc. DBA Serve Denton
Grant: $12,000

Fort Worth
Member: Comerica Bank
Sponsor: BAC Education Foundation, Inc.
Grant: $6,000

Member: Comerica Bank
Sponsor: Housing Opportunities of Fort Worth, Inc.
Grant: $6,000

Paris
Member: First Federal Community Bank
Sponsor: New Hope Center of Paris
Grant: $7,500

Member: Liberty National Bank in Paris, Texas
Sponsor: New Hope Center of Paris
Grant: $7,500

Pearland
Member: Comerica Bank
Sponsor: PowHer Play, Inc.
Grant: $3,600

Richardson
Member: Legacy Texas
Sponsor: Richardson Adult Literacy Center
Grant: $9,000

For more information on PGP or other FHLB Dallas grant programs, please contact Community Investment at 800.362.2944 or visit fhlb.com.

About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $42.6 billion as of June 30, 2015, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 845 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.

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



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