FHLB Dallas and Member Banks Award $37,000 to Lufkin, Texas Nonprofit | New

LUFKIN, Texas–(BUSINESS WIRE)–October 17, 2022–

Lufkin Neighborhood STRONG received $37,000 in Partnership Grant Program (PGP) funds from Austin Bank, Texas NA (Austin Bank); Cadence Bank, Southside Bank, VeraBank and the Federal Home Loan Bank of Dallas (FHLB Dallas).

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Representatives from Austin Bank, Texas NA; Cadence Bank, Southside Bank, Vera Bank and Federal Home Loan Bank of Dallas have granted $37,000 to Lufkin Neighborhood STRONG, a nonprofit organization in Lufkin, Texas. (Photo: BusinessWire)

The banks came together to award the grants at a check presentation ceremony at the nonprofit’s office in Lufkin, Texas.

The following banks have provided funding, which includes a 3:1 FHLB Dallas game:

Bank of Austin: $11,385

Cadence Bank: $9,962

South Side Bank: $7,115

VeraBank: $8,538

Lufkin Neighborhood STRONG is a community organization that revitalizes the homes of elderly, disabled, and economically disadvantaged homeowners in Angelina, Texas, and adjacent counties to create safer homes.

“We are very grateful to have the support of our Community Banks and FHLB Dallas,” said Wayne Lawrence, Executive Director of Lufkin Neighborhood STRONG. “It is thanks to these funds that we can help the owners to improve their living conditions.

Debbie Braune, senior vice president, risk management and ARC officer at Austin Bank, said the bank is firmly committed to giving back.

“Our partnership with FHLB Dallas allows us to continue to nurture our community,” she said. “We’re excited to lend a hand to Lufkin Neighborhood STRONG.”

Joe Rich, Market President at Cadence Bank, said they continue to support transformative organizations.

“Lufkin Neighborhood STRONG’s work improves lives, and we are happy to provide financial support,” he said.

Codie Jenkins, executive vice president of Southside Bank, said PGP funding is vital for communities.

“We are grateful that FHLB Dallas is making PGP funds available to help organizations like Lufkin Neighborhood STRONG enrich its community,” he said.

Kyle King, Commercial Credit Analyst II at VeraBank, said they were proud to help advance the nonprofit organization’s mission.

“Lufkin Neighborhood STRONG ensures people live in safer homes,” he said. “We are grateful for the opportunity to provide them with PGP funds through our partnership with FHLB Dallas.”

In 2022, FHLB Dallas awarded $400,000 in PGP funds, and its members provided additional funding of $158,895 for an impact of nearly $559,000 to 38 community organizations in its five-state district of Arkansas, from Louisiana, Mississippi, New Mexico and Texas.

“These four members of FHLB Dallas are trusted partners in their respective communities,” said Greg Hettrick, Senior Vice President and Director of Community Investment at FHLB Dallas. “We are happy to support them in helping Lufkin Neighborhood STRONG continue their community outreach activities.”

View the full list of 2022 PGP Grant Recipients. For more information on the 2022 PGP Grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.

About Federal Home Loan Bank of Dallas

Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $77.7 billion as of June 30, 2022, serves approximately 800 members and associated institutions in our five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas offers financial products and services, including advances (loans to members) and grant programs for affordable housing and economic development. For more information visit our website at fhlb.com.

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CONTACT: Corporate Communications

Federal Home Loan Bank of Dallas

fhlb.com, (214) 441-8445

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

SECTOR KEYWORD: BANKING SOCIAL SERVICES PEOPLE WITH DISABILITIES PROFESSIONAL SERVICES PHILANTHROPY WOMEN SENIORS OTHER PHILANTHROPY MEN CONSUMER FINANCE

SOURCE: Federal Home Loan Bank of Dallas

Copyright BusinessWire 2022.

PUBLISHED: 10/17/2022 3:11 PM / DISK: 10/17/2022 3:11 PM

http://www.businesswire.com/news/home/20221017005911/en

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