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MEDIA ADVISORY -- FHLB Dallas Joins The First and The Peoples Bank in Announcing $78K in Grants to Assist Area Homeowners With Repairs

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BILOXI, Miss., June 4, 2014 (GLOBE NEWSWIRE) -- Please join representatives from The First, a National Banking Association (The First), The Peoples Bank, and the Federal Home Loan Bank of Dallas (FHLB Dallas) as they announce $78,000 in Special Needs Assistance Program (SNAP) grants to homeowners in several Gulf Coast cities.

The banks worked with Hope Community Development Agency (Hope CDA) to disburse the grants. SNAP is offered by FHLB Dallas through its member institutions, such as The First and The Peoples Bank, to provide grants to assist income-qualified, special needs homeowners with necessary home repairs and modifications.

Since SNAP's inception in 2009, more than $7.3 million in SNAP grants have been awarded through FHLB Dallas member institutions to assist more than 1,464 families. Another $1.85 million in SNAP grants will be awarded in 2014.

This event is open to the public, and media is welcome to attend. There will be opportunities for interviews and photos with participants and grant recipients.

WHEN: 10:00 a.m., Thursday, June 5, 2014
WHO: Jerome Brown, SVP, Director of Community Development, The First
Chevis Swetman, President & CEO, The Peoples Bank, and Treasurer,
Hope CDA Board of Directors
Evelyn Herrington, SVP, Chief Risk Officer, The Peoples Bank
Tim Monroe, AVP Loan Review, The Peoples Bank
Mark Loya, Senior Affordable Housing Analyst, FHLB Dallas
Bill Stallworth, Executive Director, Hope CDA
Warren Conway, Chairman, Hope CDA Board of Directors
WHERE: Hope CDA offices
425 Division Street
Biloxi, Mississippi 39530

CONTACT: Corporate Communications Federal Home Loan Bank of Dallas www.fhlb.com (214) 441-8445 Follow us on Twitter @FHLBDallas

Source:Federal Home Loan Bank of Dallas