WALLS, Mississippi–(BUSINESS WIRE)–Nov. 10, 2022–
Cadence Bank and Federal Home Loan Bank of Dallas (FHLB Dallas) have provided $10,000 in Partnership Grant Program (PGP) funding to Sacred Heart Southern Missions Housing Corp. (Sacred Heart) today at a check presentation ceremony in Walls, Mississippi.
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Federal Home Loan Bank of Dallas and Cadence Bank granted $10,000 to Sacred Heart Southern Missions Housing Corp. (Photo: BusinessWire)
Sacred Heart helps low-income homeowners and renters with a variety of social services and educational programs, including job training, credit counseling, budgeting, and homebuyer education. He plans to use the grant to help with economic and rental assistance for low-income residents, homeownership courses and adult education.
“FHLB Dallas’ matching funds grant program allows us to triple our impact,” said Ritchie Hampton, market president for DeSoto County, Mississippi, Cadence Bank. “We are grateful for this opportunity to pool our funds to help Sacred Heart.”
FHLB Dallas matches member contributions of $500 to $4,000 at a 3:1 ratio through the PGP to promote and strengthen relationships between community organizations and FHLB Dallas members.
“Our city’s low-income residents have been hit hard by current economic conditions, including rising prices for food, utilities and housing,” said Laura Grisham, manager of public relations, communications and communications. grants for Sacred Heart. “We are grateful for this funding, which will allow us to help some of our city’s most vulnerable residents.
Together, Cadence Bank and FHLB Dallas awarded $99,379 in PGP funding to nine nonprofits in Arkansas, Mississippi, Louisiana and Texas this year.
“Our partnership with Cadence Bank has resulted in grants for multiple nonprofits in multiple states,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “It’s a great relationship that has stood the test of time.”
See 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 Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and nearly 400 branches across the South and Texas. Cadence offers consumers, businesses and businesses a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, corporate and business banking, money management treasury, specialty lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, plan management pensions and personal and commercial insurance. Cadence is committed to a culture of respect, diversity and inclusion both in its workplace and in communities. Cadence Bank, Member FDIC. Equal Housing Lender.
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 $89.6 billion as of September 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: UNITED STATES NORTH AMERICA MISSISSIPPI
KEYWORD INDUSTRY: BANKING MEN PROFESSIONAL SERVICES FAMILY TRAINING CONSUMER OTHER EDUCATION RESIDENTIAL BUILDING & REAL ESTATE SOCIAL SERVICES CONSTRUCTION & PROPERTY EDUCATION WOMEN FINANCE
SOURCE: Federal Home Loan Bank of Dallas
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PUBLISHED: 11/10/2022 5:38 PM / DISK: 11/10/2022 5:38 PM