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

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DALLAS, Aug. 30, 2013 (GLOBE NEWSWIRE) -- 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 22 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 $309,250 in total grants to community-based organizations in 2013.

"The PGP remains one of the Bank's most utilized programs," said Bank President and CEO Terry Smith. "The demand for the program has again prompted our Board of Directors to allocate funds to help organizations in our members' communities meet their operational needs, and free up funding to accomplish their affordable housing missions."

This year's partnership grants were issued to 25 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 2013 PGP contributions:

Arkansas
Batesville
Member: First Community Bank
Sponsor: Family Violence Prevention, Inc.
Grant: $7,500
Member: First Community Bank
Sponsor: Hill Haven Manor, Inc.
Grant: $7,500
Little Rock
Member: Simmons First National Bank
Sponsor: University District Development Corporation
Grant: $3,530
Member: Arvest Bank
Sponsor: University District Development Corporation
Grant: $3,530
Member: Summit Bank
Sponsor: University District Development Corporation
Grant: $1,410
Member: First Security Bank
Sponsor: University District Development Corporation
Grant: $3,530
Springdale
Member: Bank of the Ozarks
Sponsor: Rebuilding Together of NW Arkansas
Grant: $2,250
Louisiana
Monroe
Member: Community Trust Bank
Sponsor: NOVA Workforce Insitute of Northeast LA, Inc.
Grant: $3,000
Member: BancorpSouth Bank
Sponsor: NOVA Workforce Insitute of Northeast LA, Inc.
Grant: $1,500
Member: Cross Keys Bank
Sponsor: NOVA Workforce Insitute of Northeast LA, Inc.
Grant: $3,000
Member: Ouachita Independent Bank
Sponsor: NOVA Workforce Insitute of Northeast LA, Inc.
Grant: $1,500
Member: IBERIABANK
Sponsor: NOVA Workforce Insitute of Northeast LA, Inc.
Grant: $3,000
Member: Progressive Bank
Sponsor: NOVA Workforce Insitute of Northeast LA, Inc.
Grant: $3,000
Member: Community Trust Bank
Sponsor: NELA Housing & Supportive Services Corp.
Grant: $10,500
Opelousas
Member: Midsouth Bank
Sponsor: Magnolia CDC
Grant: $7,500
Mississippi
Jackson
Member: Hope Federal Credit Union
Sponsor: Home Again, Inc.
Grant: $15,000
Member: BankPlus
Sponsor: Dress for Success Metro Jackson
Grant: $15,000
Starkville
Member: BancorpSouth Bank
Sponsor: Starkville Area Habitat for Humanity
Grant: $3,000
New Mexico
Albuquerque
Member: Wells Fargo Bank South Central
Sponsor: NewLife Homes
Grant: $15,000
Texas
Austin
Member: Frost Bank
Sponsor: Accessible Housing Austin!
Grant: $7,500
Member: Rio Grande Valley Multibank
Sponsor: Texas Association of CDCs
Grant: $15,000
Member: Rio Grande Valley Multibank
Sponsor: Texas Community Capital
Grant: $15,000
Dallas
Member: Green Bank, N.A.
Sponsor: Rebuilding Together Greater Dallas
Grant: $6,000
Member: Amegy Bank
Sponsor: Rebuilding Together Greater Dallas
Grant: $3,000
Fort Worth
Member: Comerica Bank
Sponsor: Housing Opportunities of Ft. Worth
Grant: $15,000
Garland
Member: Veritex Community Bank
Sponsor: Habitat for Humanity of Greater Garland
Grant: $3,000
Houston
Member: Green Bank, N.A.
Sponsor: The Women's Resource of Greater Houston
Grant: $4,500
Member: Comerica Bank
Sponsor: Houston Citizens Chamber Foundation
Grant: $15,000
Member: Green Bank, N.A.
Sponsor: Credit Coalition
Grant: $750
Kilgore
Member: Citizens Bank
Sponsor: Kilgore Habitat for Humanity
Grant: $15,000
Paris
Member: Liberty National Bank in Paris
Sponsor: New Hope Center in Paris (Models of the Maker)
Grant: $7,500
Member: First Federal Community Bank, SSB
Sponsor: New Hope Center in Paris (Models of the Maker)
Grant: $7,500

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

Source:Federal Home Loan Bank of Dallas