Austin Bank and FHLB Dallas award $ 17,000 to Hand Up Network
TYLER, Texas – (COMMERCIAL THREAD) – Austin Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) provided $ 17,000 in Partnership Grant Program (PGP) funds to Hand Up Network for operational expenses.
The organizations held a check presentation ceremony on Tuesday, December 14, 2021.
Hand Up Network is a faith-based organization that focuses on providing low and moderate income people with a “push” rather than “help” to improve their mental, emotional and physical well-being, including including employment counseling, skills development, financial literacy and mentoring.
“Our programs are designed to focus on nurturing, equipping and empowering adults who wish to change their own circumstances, âsaid Samuel Smith, CEO of Hand Up Network. “We are grateful to have received funding from the Partnership Grants program that will have a direct impact on the members of the community we serve.
Austin Bank Senior Vice President and ARC Officer Debbie Braune said PGP is a great tool for community banks.
“The FHLB Dallas PGP is a unique program that allows us to partner with community organizations and help serve the community, âsaid Ms. Braune. “Hand Up Network offers a comprehensive holistic approach to helping people get back on their feet, and we’re proud to be a part of it.
For 2021, FHLB Dallas has awarded $ 400,000 in PGP grants, and its members have provided an additional $ 200,250 for an impact of over $ 600,000 in its five-state district of Arkansas, Louisiana, Mississippi, from New Mexico and Texas.
“Hand Up Network brings great value to its community with the programs it offers to low to moderate income residents, âsaid Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “We are grateful to partner with Austin Bank to help a community organization continue its mission for the people it serves.
See the full list recipients of PGP 2021 Grants. For more information on PGP 2021 Grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.
About Bank Austin
Austin Bank is a community bank with assets in excess of $ 2.5 billion. Headquartered in Jacksonville, Texas, Austin Bank serves the needs of families and businesses with more than 480 employees in 35 locations, 25 cities and 13 counties. In 2019, Austin Bank employees volunteered countless hours, and the Bank contributed nearly $ 700,000 to directly support local needs in education, art, literacy, health and housing. Austin Bank is locally owned and operated by the Austin family who are celebrating 112 years of service to the banking industry. For more information on Austin Bank, please visit www.austinbank.com.
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 established by Congress in 1932. FHLB Dallas, with total assets of $ 60.2 billion as of September 30, 2021, is a cooperative owned by its members which 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.