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Press Releases
FOR IMMEDIATE RELEASE

 

July 14, 2017

 

Contact:

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

More Than $400K in Grants Awarded to 30 Community-Based Organizations

Partnership Grant Program from FHLB Dallas Matches Members' Donations at a 3:1 Ratio

DALLAS, TEXAS, July 14, 2017 – Feeding hungry children in Arkansas and meeting basic needs of homeless Mississippians are just two of the causes championed by 30 community-based organizations (CBO) receiving $404,550 in Partnership Grant Program (PGP) funds from the Federal Home Loan Bank of Dallas (FHLB Dallas) and 31 of its member institutions.

Through this unique grant program, FHLB Dallas member institutions contribute $500 up to $4,000 to a CBO, which FHLB Dallas matches at a 3:1 ratio to provide the CBO up to $12,000 in grant money. Grants are awarded annually through FHLB Dallas' member institutions via a lottery system. In 2017, FHLB Dallas awarded $300,000 in PGP funds that were combined with the $104,550 contributed by FHLB Dallas members for a total of $404,550 to the organizations.

Dallas, Texas-based TBK Bank and its nonprofit beneficiary 2nd Saturday Community Development Corporation (CDC) received one of the 30 PGP grants in 2017. The 2nd Saturday CDC was awarded a total of $16,000: $4,000 from TBK Bank with a $12,000 match from FHLB Dallas. It was the first PGP grant to the nonprofit and the first sponsored by TBK Bank.

"TBK Bank is thankful for our relationship with both FHLB Dallas and 2nd Saturday CDC. Over the years we have been able to partner with 2nd Saturday financially through lending and charitable donations, as well as through service by sending employees to the monthly service projects in communities around Dallas," said Brandi Dunn, philanthropy specialist at TBK Bank. "The work that 2nd Saturday is doing to serve those living on the margins of poverty is impactful and important. We are very grateful to FHLB Dallas for allowing TBK Bank to strengthen its support of 2nd Saturday through the Partnership Grant Program."

Partnership grants may be used to:

  • Offset operational and administrative expenses
  • Purchase or rent equipment or software
  • Hire staff and/or consultants
  • Secure training, consulting or technical support
  • Sponsor special program-related events
  • Conduct research or studies related to economic development or affordable housing projects
  • Hire professional contractors such as architects, engineers, grant writers or accountants

"The PGP is designed to promote and strengthen relationships between community-based organizations and FHLB Dallas members," said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. "Through our members' firsthand community knowledge, these partnerships equip nonprofits to better address citizens' often-underserved needs."

Below is the complete list of the 2017 PGP grant recipients. For more information about the 2017 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/community.

Note: The grants below reflect only the matched amounts from FHLB Dallas.

Arkansas

Batesville

Member: First Community Bank

Sponsor: Habitat for Humanity of Independence County

Grant: $6,000

 

Member: Merchants and Planters Bank

Sponsor: Main Street Batesville

Grant: $12,000

 

Jonesboro

Member: Iberia Bank

Sponsor: Habitat for Humanity of Greater Jonesboro, Inc

Grant: $6,000

 

Member: Evolve Bank and Trust

Sponsor: Habitat for Humanity of Greater Jonesboro, Inc

Grant: $3,000

 

Little Rock

Member: BancorpSouth Bank

Sponsor: Feed Arkansas Kids

Grant: $3,000

 

Louisiana

Alexandria

Member: Red River Bank

Sponsor: GAEDA Revitalization Corporation

Grant: $12,000

 

Crowley

Member: First National Bank of Louisiana

Sponsor: Empowering the Community for Excellence

Grant: $10,350

 

Elton

Member: St. Martin Bank & Trust Company

Sponsor: Keagan's Center Inc.

Grant: $7,500

 

Lafayette

Member: Home Bank, N.A.

Sponsor: Step Up Acadiana

Grant: $7,500

 

Member: Home Bank, N.A.

Sponsor: Open Doors Louisiana Inc.

Grant: $6,000

 

Lake Charles

Member: First Federal Bank of Louisiana

Sponsor: Project Build a Future

Grant: $3,000

 

Member: First National Bank of Louisiana

Sponsor: Project Build a Future

Grant: $12,000

 

Monroe

Member: Origin Bank

Sponsor: NOVA Workforce Institute of NE LA

Grant: $3,000

 

Member: Progressive Bank

Sponsor: NOVA Workforce Institute of NE LA

Grant: $3,000

 

New Orleans

Member: Home Bank, N.A.

Sponsor: HousingNOLA

Grant: $6,000

 

Member: Iberia Bank

Sponsor: Central City Housing Development Corporation

Grant: $6,000

 

Member: Gulf Coast Bank & Trust Company

Sponsor: Committee for a Better New Orleans

Grant: $12,000

 

Mississippi

Gulfport

Member: The First, A National Banking Association

Sponsor: Coalition of African American Communities

Grant: $5,400

 

Member: Community Bank Coast

Sponsor: Coalition of African American Communities

Grant: $3,750

 

Hattiesburg

Member: The First, A National Banking Association

Sponsor: R3SM, Inc.

Grant: $12,000

 

Member: The First, A National Banking Association

Sponsor: The Lighthouse Rescue Mission

Grant: $3,000

 

Member: BancorpSouth Bank

Sponsor: The Lighthouse Rescue Mission

Grant: $12,000

 

Indianola

Member: Trustmark National Bank

Sponsor: Mississippi Community Financial Access Coalition

Grant: $12,000

 

Member: State Bank & Trust

Sponsor: Mississippi Community Financial Access Coalition

Grant: $12,000

 

Jackson

Member: BancorpSouth Bank

Sponsor: Corporation for Global Community Development

Grant: $12,000

 

Member: Trustmark National Bank

Sponsor: Corporation for Global Community Development

Grant: $3,000

 

Rolling Fork

Member: Bank of Anguilla

Sponsor: Rolling Fork Visitors Center & Museum, Inc.

Grant: $7,500

 

New Mexico

Las Vegas

Member: Southwest Capital Bank

Sponsor: MainStreet Las Vegas Corporation

Grant: $6,000

 

Moriarty

Member: Wells Fargo

Sponsor: Estancia Valley Foundation for Economic Education & Development

Grant: $7,500

 

Tucumcari

Member: Tucumcari Federal Savings & Loan

Sponsor: Tucumcari Main Street Corporation

Grant: $12,000

 

Texas

Austin

Member: Frost Bank

Sponsor: HousingWorks Austin

Grant: $4,500

 

Member: Texas Capital Bank

Sponsor: Economic Growth Business Incubator (EGBI)

Grant: $7,500

 

Dallas

Member: TBK Bank, SSB

Sponsor: 2nd Saturday CDC

Grant: $12,000

 

Houston

Member: CommunityBank of Texas, N.A.

Sponsor: Credit Coalition

Grant: $12,000

 

Jacksonville

Member: Southside Bank

Sponsor: A Circle of Ten - Network for Collaboration

Grant: $2,700

 

Member: Austin Bank Texas NA

Sponsor: A Circle of Ten - Network for Collaboration

Grant: $3,300

 

Lufkin

Member: Austin Bank Texas NA

Sponsor: Lufkin Neighborhood Strong

Grant: $12,000

 

Member: Citizens National Bank

Sponsor: Lufkin Neighborhood Strong

Grant: $12,000

 

Pearland

Member: Comerica Bank

Sponsor: PowHer Play, Inc.

Grant: $7,500

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 $57.5 billion as of March 31, 2017, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit fhlb.com.

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