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

DALLAS, Sept. 8, 2014 /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 23 community-based organizations with their operational needs.

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 $5,000 at a 3:1 ratio. Collectively, FHLB Dallas and its member institutions awarded $301,753 in total grants to community-based organizations in 2014.

"The Partnership Grant Program remains one of FHLB Dallas' most in-demand grant programs," said FHLB Dallas President and CEO Sanjay Bhasin. "With this year's awards our members are able to better support organizations involved in affordable housing and economic development."

This year's partnership grants were issued to 24 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 Bank's 2014 PGP contributions:

Arkansas

Batesville
Member: First Community Bank
Sponsor: Habitat for Humanity of Independence County, AR
Grant: $15,000

Member: First Community Bank
Sponsor: Main Street Batesville, Inc.
Grant: $9,741

Harrison
Member: Community First Bank
Sponsor: Northwest Regional Housing Development Corporation
Grant: $7,500

Member: Anstaff N.A.
Sponsor: Northwest Regional Housing Development Corporation
Grant: $7,500

Pine Bluff
Member: Relyance Bank, N.A.
Sponsor: Jefferson County Community Development Corporation
Grant: $15,000

Louisiana

Houma
Member: Synergy Bank
Sponsor: Hope Extreme
Grant: $12,759

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

New Orleans
Member: IBERIABANK
Sponsor: Urban Conservancy
Grant: $4,500

Opelousas
Member: IBERIABANK
Sponsor: Magnolia Community Development Corporation
Grant: $1,500

Member: MidSouth Bank
Sponsor: Magnolia Community Development Corporation
Grant: $4,500

Mississippi

Canton
Member: Trustmark National Bank
Sponsor: Central Mississippi Housing and Development Corp.
Grant: $4,500

Hattiesburg
Member: The First, A National Banking Association
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Member: Citizens National Bank of Meridian
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Member: Magnolia State Bank
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Member: Priority One Bank
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Member: Citizens Bank
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Member: Trustmark National Bank
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Member: BancorpSouth Bank
Sponsor: The Fieldhouse, Inc.
Grant: $3,000

Jackson
Member: Trustmark National Bank
Sponsor: Housing Education & Economic Development Inc.
Grant: $4,500

Member: BankPlus
Sponsor: Mississippi Minority Business Alliance
Grant: $15,000

Starkville
Member: BancorpSouth Bank
Sponsor: Starkville Area Habitat for Humanity
Grant: $3,000

New Mexico

Belen
Member: Wells Fargo Bank, N.A.
Sponsor: Belen Main Street
Grant: $9,000

Texas
Austin
Member: Frost Bank
Sponsor: Accessible Housing Austin!
Grant: $7,500

Member: Comerica Bank
Sponsor: Economic Growth Business Incubator
Grant: $15,000

Ennis
Member: Ennis State Bank
Sponsor: A-CROSS (A Christian Response to Shelter and Service)
Grant: $15,000

Houston
Member: Comerica Bank
Sponsor: Greater Houston Black Chamber Foundation
Grant: $15,000

Member: Green Bank, N.A.
Sponsor: The Women's Resource of Greater Houston
Grant: $10,500

Mason
Member: Mason Bank
Sponsor: Mason County Habitat for Humanity
Grant: $9,000

San Antonio
Member: Comerica Bank
Sponsor: Sistas in Business
Grant: $7,500

Sherman
Member: American Bank of Texas
Sponsor: Four Rivers Outreach, Inc.
Grant: $7,500

Weslaco
Member: First Community Bank, N.A.
Sponsor: South Texas Economic Development Corporation
Grant: $1,500

For more information please contact the Community Investment Department at 800.362.2944.

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 loans and other credit products to approximately 900 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