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