HATTIESBURG, Miss.–(BUSINESS WIRE)–Representatives from Cadence Bank, Citizens National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have provided funding of $18,000 under the Partnership Grants Program (PGP) to Twin Forks Rising Community Development Corp. (Twin Forks Rising CDC). They celebrated the awards at a check presentation ceremony in Hattiesburg, Mississippi, recently.
Twin Forks Rising CDC provides community programs and repairs and builds homes in Ward 2, an area commonly referred to as Twin Forks Rising. It will use proceeds from the PGP for contractual services, including accounting and legal fees.
“It’s great to be here to celebrate the work of Twin Forks Rising CDC and to provide them with much needed financial support,” said Tra Alford, vice president and director of community development at Citizens National Bank. .
Awarded annually by FHLB Dallas member institutions, PGP funds help promote and strengthen relationships between community organizations and FHLB Dallas members. FHLB Dallas matches member contributions from $500 to $4,000 at a ratio of 3:1.
“We really admire how PGP can create a partnership between multiple financial institutions,” said John Griffith, president of the Hattiesburg, Mississippi market at Cadence Bank. “We hope this combined contribution amplifies the impact.”
Awarded annually by FHLB Dallas member institutions, PGP funds help promote and strengthen relationships between community organizations and FHLB Dallas members. FHLB Dallas matches member contributions from $500 to $4,000 at a ratio of 3:1.
“We are a small, relatively new agency, serving a multitude of needs in an underserved area,” said Ward 2 Councilor Deborah Delgado, Founder and Councilor for Twin Forks Rising CDC. “Twin Forks Rising has little to no housing available. The majority of requests for assistance relate to housing, as much of the existing housing stock is substandard. The funding will allow us to continue to meet housing needs, and we are grateful for that.
In 2022, FHLB Dallas and its members provided nearly $559,000 to 38 community organizations in its five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
“Providing funding to our members to help small, innovative organizations that lack resources is what PGP is all about,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas.
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 Citizens National Bank
Founded in 1888, Citizens National Bank has assets of more than $1.5 billion and celebrates 132 years of service as an independent Mississippi-owned community bank with locations in nearly 20 Mississippi communities. The Bank is also certified as a Community Development Financial Institution (CDFI) by the United States Department of Treasury’s Community Development Financial Institutions Fund. Currently, there are less than 125 banks in the country that hold the prestigious CDFI designation. Learn more about the National Citizens’ Bank by visiting yourcnb.com.
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.