FHLB Dallas and BancorpSouth Provide
Partnership Grant Program Funds
BancorpSouth Bank (NYSE: BXS) and the Federal Home Loan Bank of
Dallas (FHLB Dallas) awarded $78,222 in Partnership Grant Program
(PGP) matching-grant funding to 10 nonprofits in Arkansas,
Mississippi and Louisiana.
PGP grants help qualified nonprofit organizations fund a variety
of operational and administrative activities that are critical to
serving their communities.
The following organizations, listed in alphabetical order,
received funding:
Coalition of African American Communities, Gulfport,
Mississippi, $6,000, offers youth development, financial
literacy and small business training to minority and low-income
residents of Gulfport, Mississippi.
Hernando Desoto Habitat for Humanity, Hernando, Mississippi,
$10,000, builds homes with volunteers, including future Habitat
for Humanity homeowners, who are offered a no-interest affordable
mortgage to buy the home they help build.
Hope Downtown Network, Hope, Arkansas, $4,000, makes and
promotes improvements to the downtown area of Hope, Arkansas.
IN Affordable Housing, Little Rock, Arkansas, $1,117,
creates and preserves affordable housing opportunities in targeted
neighborhoods for families with limited incomes through training,
financial education and advocacy.
Mercy Housing and Human Development, Gulfport, Mississippi,
$14,105, provides homeownership opportunities to families with
low- or moderate-income.
NOVA Work Institute of Northeast Louisiana, Monroe,
Louisiana, $12,000, works as a job intermediary to identify and
connect the workforce needs of employers with training entities and
with the residents of Northeast Louisiana seeking employment.
Restoration Home, Jackson, Mississippi, $10,000, offers
transitional housing for men recovering from drug and alcohol
addictions.
Sacred Heart Southern Missions, Walls, Mississippi,
$10,000, operates two Catholic elementary schools and related
social services, including the area’s only ministry to people with
HIV/AIDS and their families.
Starkville Area Habitat for Humanity, Starkville,
Mississippi, $6,000, builds new homes with volunteers and
provides no-interest mortgages to low-income homeowners
Christmas in April Grenada Inc., Grenada, Mississippi,
$5,000, makes home repairs for the needy and elderly.
“With the continuing COVID-19 pandemic and the added impact of
Hurricane Ida on many of these organizations, these funds will
offer a safety net to address administrative and operational
expenses that many grants often exclude from coverage,” said
BancorpSouth Northeast Mississippi Division President Mark
Burleson. “We are pleased to join with FHLB Dallas in distributing
this funding.”
For 2021, FHLB Dallas awarded $400,000 in PGP grants, and its
members provided an additional $200,250 for an impact of more than
$600,000 in its five-state District of Arkansas, Louisiana,
Mississippi, New Mexico and Texas.
“Donations to 10 nonprofits spanning three states demonstrates
BancorpSouth’s strong commitment to improving the communities where
it does business,” said Greg Hettrick, first vice president and
director of Community Investment at FHLB Dallas. “Our partnership
with BancorpSouth and the matching-grant nature of the PGP has
enabled both banks to make a lasting impact on these nonprofits,
some of which have received multiple rounds of PGP funding over the
years.”
See the complete list of the
2021 PGP grant recipients. For more information about the 2021 PGP
grants and other FHLB Dallas community investment products and
programs, please visit fhlb.com/pgp.
About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo,
Mississippi, with approximately $28 billion in assets. BancorpSouth
operates approximately 315 full-service branch locations as well as
additional mortgage, insurance, and loan production offices in
Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri,
Tennessee and Texas, including an insurance location in Illinois.
BancorpSouth is committed to a culture of respect, diversity, and
inclusion in both its workplace and communities. To learn more,
visit our Community Commitment page at
https://www.bancorpsouth.com; “Like” us on Facebook; follow us on
Twitter @MyBXS; or connect with us through LinkedIn.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks
in the FHLBank System created by Congress in 1932. FHLB Dallas,
with total assets of $58.6 billion as of June 30, 2021, is a
member-owned cooperative that supports housing and community
development by providing competitively priced loans and other
credit products to approximately 800 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico and
Texas. For more information, visit our website at
fhlb.com.
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Corporate Communications Federal Home Loan Bank of Dallas
fhlb.com (214) 441-8445
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