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FOR IMMEDIATE RELEASE

September 10, 2018

Contact:

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

HELP Grant Provides First Home for Conway FamilyJackson,Darnell _WEB.jpg

Centennial Bank and FHLB Dallas Provide First-Time Homebuyer Funding

CONWAY, ARKANSAS, September 10, 2018 — The trees were overgrown and the grass needed mowing, but Darnell Jackson saw a diamond in the rough.

"I knew when we pulled up and parked in the driveway, that this was the house," said Mr. Jackson, who moved back to Arkansas from Nebraska three years ago to be closer to family.

An $8,500 Homebuyer Equity Leverage Partnership (HELP) grant from Centennial Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) made it possible for Mr. Jackson to buy his first home.

HELP, provided by FHLB Dallas through member institutions such as Centennial Bank, assists income-qualified, first-time homebuyers with down payment assistance and closing costs.

FHLB Dallas disburses HELP funds to its member institutions on a first-come, first-served basis. The funds, made available in January, are available until they are exhausted or until December 31, 2018, whichever occurs first. The $2 million in HELP grants FHLB Dallas made available this year has been exhausted.

"The yard was overgrown, but I had a vision for what it could look like," said Mr. Jackson. A large backyard where his son could play was also a big attraction for the Jackson family, who had spent the past three years in an apartment. Mr. Jackson, 52, a service technician at a local electric motor repair company, lives in the home with his wife, his 6-year-old son and their dog.

A friendly neighborhood, he said, has been a bonus they discovered after moving into the home this spring. "Neighbors have been bringing us eggs and garden vegetables and coming over to introduce themselves," he said.

Mr. Jackson said his wife, Lisa, discovered the HELP grant while doing homebuying research. He said he's not sure he would have been able to purchase the home without the HELP grant.

"Owning your own home is a life-changing event, and we are so glad that it's been a great experience for the Jackson family," said Jera Horton, CRA officer at Centennial Bank. "This wouldn't be possible without our partnership with FHLB Dallas."

Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas, said HELP grants make the American Dream possible while stabilizing communities.

"HELP is a great program that takes care of a portion of the out-of-pocket expenses for hard-working residents who want to put down roots in their communities, but have been stymied by the up-front costs associated with buying a home," Mr. Hettrick said. "Our partnership with Centennial Bank is the key that opens the door to homeownership for people like Mr. Jackson."

About Home BancShares, Inc.

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB." For more information, please visit www.homebancshares.com or www.my100bank.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 $75.9 billion as of June 30, 2018, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 825 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.

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