23 Nonprofits Awarded $225K through Federal Home Loan Bank of Dallas and Its Members

DALLAS, July 19, 2016 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of Dallas (FHLB Dallas) today announced the 23 community-based organizations that will receive $225,000 in 2016 Partnership Grant Program (PGP) funds. Partnership grants are offered through FHLB Dallas member institutions to help fund 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, which increased total 2016 funding to $321,200.

"The structure of many grant programs prevents nonprofits from using funds for operational or administrative purposes," said Greg Hettrick, FHLB Dallas first vice president and director of Community Investment. "We created the PGP to fill this need and support community-focused nonprofits at the operational level. The program aligns well with our members' missions of serving their communities."

This year's partnership grants were issued through 26 member institutions. Several nonprofit organizations received funding from multiple members.

Any FHLB Dallas member in good standing is eligible to participate in the program. Listed below are the 2016 PGP award recipients:

Arkansas

BatesvilleMember: First Community BankSponsor: The Community Enrichment OrganizationGrant: $12,000

Member: First National Banking CompanySponsor: The Community Enrichment OrganizationGrant: $1,500

Fort SmithMember: First National BankSponsor: Strategic Community Investments (SCI)Grant: $3,480

Member: Arvest BankSponsor: Strategic Community Investments (SCI)Grant: $3,480

Member: Centennial BankSponsor: Strategic Community Investments (SCI)Grant: $3,480

Member: Bank of OzarksSponsor: Strategic Community Investments (SCI)Grant: $3,480

Member: Simmons BankSponsor: Strategic Community Investments (SCI)Grant: $3,480

NewportMember: Merchants and Planters BankSponsor: Downtown Revitalization and Improvement Volunteer EffortGrant: $12,000

ConwayMember: First Service BankSponsor: Deliver HopeGrant: $12,000

Louisiana

CrowleyMember: First National Bank of LouisianaSponsor: Empowering the Community for ExcellenceGrant: $12,000

Lake CharlesMember: First Federal Bank of LouisianaSponsor: Project Build a FutureGrant: $3,000

MarksvilleMember: The Cottonport BankSponsor: Avoyelles Society for the Developmentally DisabledGrant: $7,500

New OrleansMember: Whitney BankSponsor: Home by Hand, Inc.Grant: $6,000

Member: Gulf Coast and Trust CompanySponsor: Committee for a Better New OrleansGrant: $12,000

Member: IberiaBankSponsor: Puentas New Orleans, Inc.Grant: $9,000

Member: IberiabankSponsor: The Urban ConservancyGrant: $6,000

Mississippi

MeridianMember: BankPlusSponsor: Lauderdale County Habitat for HumanityGrant: $12,000

Rolling ForkMember: Bank of AnguillaSponsor: Rolling Fork Visitors Center & MuseumGrant: $7,500

New Mexico

AlbuquerqueMember: Wells Fargo Sponsor: Downtown ABQ Main Street InitiativeGrant: $7,500

FarmingtonMember: Four Corners Community BankSponsor: Four Corners Economic DevelopmentGrant: $7,500

Member: Bank of the SouthwestSponsor: Four Corners Economic DevelopmentGrant: $7,500

Texas

AustinMember: Comerica BankSponsor: Economic Growth Business Incubator (EGBI)Grant: $12,000

BudaMember: Frost BankSponsor: Habitat for Humanity TexasGrant: $7,500

DallasMember: Comerica BankSponsor: Business Assistance Center, Inc.Grant: $6,000

Deer ParkMember: Associated Credit Union of TexasSponsor: Keystone Community Development CorporationGrant: $12,000

DentonMember: DATCUSponsor: Denton Assistance Center Inc., DBA Serve DentonGrant: $12,000

EnnisMember: Ennis State BankSponsor: A-CROSS (A Christian Response to Shelter and Service)Grant: $12,000

Port ArthurMember: CommunityBank of Texas, NASponsor: Legacy CDCGrant: $7,500

PearlandMember: Comerica BankSponsor: PowHer Play, Inc.Grant: $3,600

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 $49.5 billion as of March 31, 2016, 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 the FHLB Dallas website at fhlb.com.

Contact:

Corporate CommunicationsFederal Home Loan Bank of Dallaswww.fhlb.com (214) 441-8445

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SOURCE Federal Home Loan Bank of Dallas