Federal Home Loan Bank Board

Cadence Bank and FHLB Dallas Celebrate Opening of Affordable Apartments at Renewal Ranch

Retrieved on: 
Friday, November 3, 2023

Representatives from Cadence Bank (NYSE: CADE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) were joined by local dignitaries as they celebrated the opening and dedication of two new residential buildings on the Renewal Ranch campus in Houston, Arkansas.

Key Points: 
  • Representatives from Cadence Bank (NYSE: CADE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) were joined by local dignitaries as they celebrated the opening and dedication of two new residential buildings on the Renewal Ranch campus in Houston, Arkansas.
  • FHLB Dallas provided a $750,000 Affordable Housing Program (AHP) subsidy via its member Cadence Bank to assist with gap funding.
  • “The generosity of donors like Cadence Bank and FHLB Dallas allows us to provide vulnerable men with a high-quality rehabilitation program at no cost,” said James Loy, executive director of Renewal Ranch.
  • “We would like to thank FHLB Dallas for committing to causes that deeply matter to our communities,” said Tom Nelson, community bank president for Cadence Bank.

Media Advisory: FHLB Dallas, American First National Bank, Cadence Bank, Independent Financial and Inwood Bank Celebrate Awarding $80K in Grants to Three Dallas-Area Nonprofits

Retrieved on: 
Friday, November 3, 2023

Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), American First National Bank, Cadence Bank, Independent Financial and Inwood Bank will be joined by local dignitaries as they award $80,000 in Partnership Grant Program (PGP) funds to three Dallas-area community-based organizations (CBOs).

Key Points: 
  • Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), American First National Bank, Cadence Bank, Independent Financial and Inwood Bank will be joined by local dignitaries as they award $80,000 in Partnership Grant Program (PGP) funds to three Dallas-area community-based organizations (CBOs).
  • The funds will assist the organizations with operational and administrative costs allowing them to focus on their missions to preserve housing affordability in the Dallas, Texas, area.
  • Through the PGP, FHLB Dallas member institutions contribute $500 to $4,000 to a nonprofit, which FHLB Dallas matches at a 3:1 ratio to provide up to $12,000 to the organization per member.
  • The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members.

Best’s Special Report: Insurer Membership in Federal Home Loan Bank Grows as Life/Annuity Companies Capitalize on Investment Spreads

Retrieved on: 
Tuesday, October 31, 2023

U.S. insurance companies now represent nearly 9% of FHLB membership, following a 4% growth uptick last year by insurers.

Key Points: 
  • U.S. insurance companies now represent nearly 9% of FHLB membership, following a 4% growth uptick last year by insurers.
  • However, the Best’s Special Report notes that the vast majority of insurance companies do not have access to secured FHLB loans made available through the program.
  • To gain membership, an insurer must actively participate in mortgage financing, be financially sound, and purchase FHLB capital stock.
  • To access the full copy of the report titled, “FHLB Life/Annuity Members Capitalize on High Rates for Spread Opportunities,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=337249 .

Media Advisory: Cadence Bank and FHLB Dallas Celebrate Opening of Affordable Apartments Helped by $750K Subsidy

Retrieved on: 
Tuesday, October 24, 2023

Representatives from Cadence Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will celebrate the completion and dedication of two new residential buildings at Renewal Ranch, a faith-based residential addiction recovery program for men ages 21 and older.

Key Points: 
  • Representatives from Cadence Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will celebrate the completion and dedication of two new residential buildings at Renewal Ranch, a faith-based residential addiction recovery program for men ages 21 and older.
  • Located on Renewal Ranch’s Houston, Arkansas, campus, the new apartments will house participants promoted to the final phase of the rehabilitation program, replacing apartments located several miles away in Conway, Arkansas.
  • FHLB Dallas provided a $750,000 Affordable Housing Program (AHP) subsidy through its member, Cadence Bank.
  • AHP funds are awarded through FHLB Dallas member institutions to assist members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing.

Comerica and FHLB Dallas Celebrate Opening of Affordable Apartments Helped by $750K in Funding

Retrieved on: 
Thursday, October 12, 2023

It was built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through one of its members, Comerica Bank.

Key Points: 
  • It was built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through one of its members, Comerica Bank.
  • “We are grateful for the generous support of financial partners like FHLB Dallas whose funding via Comerica Bank made this project possible.
  • “We thank Comerica Bank and FHLB Dallas for funding affordable solutions to the housing shortage in Houston,” said Joy Horak-Brown, president and CEO of New Hope Housing.
  • “Thanks to the support of FHLB Dallas, we’ve provided gap funding to several affordable housing projects in Houston including NHH Savoy,” Mr. Baker said.

Media Advisory: Comerica Bank and FHLB Dallas Celebrate Grand Opening of Houston-Based Affordable Housing Project

Retrieved on: 
Tuesday, October 10, 2023

Join Comerica Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) on Thursday, October 12, to celebrate the opening of a 120-unit, supportive housing project in Houston, Texas.

Key Points: 
  • Join Comerica Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) on Thursday, October 12, to celebrate the opening of a 120-unit, supportive housing project in Houston, Texas.
  • The apartments were built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by FHLB Dallas through its member, Comerica Bank.
  • New Hope Housing (NHH) Savoy will provide families and individuals of modest income with affordable housing options in the Gulfton-Sharpstown neighborhood of Houston.
  • AHP funds assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing.

Santa Cruz County Bank Recognized by American Banker

Retrieved on: 
Thursday, October 12, 2023

SANTA CRUZ, Calif., Oct. 12, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County. Today, the Bank announced two national recognitions by American Banker Magazine. Krista Snelling was named in American Banker Magazine's 25 Most Powerful Women in Banking and Finance - Watch List for 2023. Four members of the Bank's executive team received American Banker Magazine's Women in Banking Top Teams Award: Krista Snelling, President & Chief Executive Officer, Cecilia Situ, Chief Financial Officer, Mary Anne Carson, Chief Marketing Officer, and Shamara van der Voort, Chief Operations Officer.

Key Points: 
  • SANTA CRUZ, Calif., Oct. 12, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today, the Bank announced two national recognitions by American Banker Magazine.
  • Krista Snelling was named in American Banker Magazine's 25 Most Powerful Women in Banking and Finance - Watch List for 2023.
  • Santa Cruz County Bank Board Chairman Stephen Pahl remarked, "It is an honor to receive recognition within our industry from American Banker.

An $8K Subsidy Gives a Mississippi Homeowner the Boost Needed to Buy a Home

Retrieved on: 
Monday, October 2, 2023

The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded the funds through its member, Citizens National Bank.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded the funds through its member, Citizens National Bank.
  • View the full release here: https://www.businesswire.com/news/home/20231002293044/en/
    The Federal Home Loan Bank of Dallas and Citizens National Bank provided $8,000 in down payment assistance to a Mississippi homebuyer.
  • Through member institutions like Citizens National Bank, HELP assists income-qualified, first-time homebuyers with down payments and closing costs.
  • Since 2018, Citizens National Bank has used HELP funds to assist close to 50 Mississippians in achieving homeownership.

The Federal Home Loan Bank of Dallas and Members Award More Than $160K to 13 Louisiana Community Organizations

Retrieved on: 
Thursday, September 28, 2023

Louisiana community-based organizations received $160,250 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and 14 member institutions.

Key Points: 
  • Louisiana community-based organizations received $160,250 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and 14 member institutions.
  • A total of $557,250 was awarded to community organizations through its annual Partnership Grant Program (PGP).
  • “With its matching funds, our Partnership Grant Program gives our members added leverage to support local nonprofits,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
  • For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .

The Federal Home Loan Bank of Dallas and Members Award $46,000 to Four Arkansas Community Organizations

Retrieved on: 
Thursday, September 28, 2023

Four Arkansas community-based organizations received $46,000 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and three member institutions.

Key Points: 
  • Four Arkansas community-based organizations received $46,000 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and three member institutions.
  • A total of $557,250 was awarded to community organizations through its annual Partnership Grant Program (PGP).
  • “With its matching funds, our Partnership Grant Program gives our members added leverage to support local nonprofits,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
  • For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .