Today's Date: May 28, 2024
The call for applications for the 2024-2025 Price McIntosh Bursary is open   •   Riverside Community Wellness Center graduates its first 24/7 Dads cohort   •   Extending a paw: Coach Dabo Swinney helps deliver My Special Aflac Duck® to children ahead of the Aflac Kickoff Game   •   Middle Bucks Students Celebrate Ten Years of Philanthropy Today   •   T-Mobile to Acquire UScellular Wireless Operations and Deliver Exceptional Value, a Superior 5G Experience and Unparalleled Bene   •   Sallie Mae CFO to Speak at Morgan Stanley U.S. Financials, Payments, and CRE Conference   •   Meijer to Open First Grocery Format Store in Indiana on July 11 in Noblesville   •   Mitsubishi Electric Launches Serendie™ Digital Platform for Value Co-creation   •   TEACHERS FEDERAL CREDIT UNION RAISES MORE THAN $600,000 FOR CHILDREN'S MIRACLE NETWORK HOSPITALS®   •   LA Pride Takes Over Universal Studios Hollywood on Saturday June 15 for "Pride is Universal" and Announces Talent from RuPaul's   •   Walmart Supports Northwest Arkansas Community Following Severe Storms   •   PowerSchool to Participate in Upcoming Investor Conferences   •   Global SOS: Urgent Call to Revamp Pandemic Negotiations   •   Labrador Island Link Welcomes New Investor   •   Working with Young Canadians to build a better, fairer future   •   Water Recycling in Southern California Gets Major Funding Boost From Federal Government   •   Worcester Polytechnic Institute Honored by Two Highly Esteemed Awards Celebrating Project-Based Learning   •   Melmark President and CEO Receives National Leadership Award   •   Solis Mammography Announces Acquisition of MUSIC Imaging Center in Gainesville, Florida   •   Ventas Issues Business Update
Bookmark and Share

Two Federal Home Loan Bank of Dallas Members Recognized for Community Investment Commitments

DALLAS , April 12 /Businesswire/ - The Federal Home Loan Bank of Dallas (FHLB Dallas) recognized two member financial institutions for their commitment to community investment by naming them 2024 Community Area Revitalization Efforts (CARE) Award recipients. Bank of Anguilla in Anguilla, Mississippi, and Arvest Bank, headquartered in Bentonville, Arkansas, were honored today during FHLB Dallas’ annual member conference.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240412585564/en/

Arvest Bank received the 2024 CARE Award from the Federal Home Loan Bank of Dallas (FHLB Dallas). Tim Carter, left, FHLB board member stands with officials from Arvest Bank and FHLB Dallas. (Photo: Business Wire)

Arvest Bank received the 2024 CARE Award from the Federal Home Loan Bank of Dallas (FHLB Dallas). Tim Carter, left, FHLB board member stands with officials from Arvest Bank and FHLB Dallas. (Photo: Business Wire)

The CARE Award honors each financial institution for its commitment to supporting affordable housing and other community investment programs offered by FHLB Dallas to impact their communities.

Each CARE Award recipient receives a $15,000 donation from FHLB Dallas to provide to a nonprofit or nonprofits of their choice.

Bank of Anguilla was honored for its use of the Small Business Recovery Grant (SBRG) in the wake of a devastating March 2023 tornado that killed 14 people in Rolling Fork, Mississippi, and destroyed much of the small town of 1,800 people. Bank of Anguilla used $1.4 million in FHLB Dallas grants to assist 72 businesses rebuild and recover after the tornado.

“We are humbled and thrilled to receive the CARE Award,” Bank of Anguilla President and CEO Kit McCoy said. “As a community bank that’s been invested in this region for over 100 years, we are fully committed to seeing Rolling Fork rise again after last year’s tornado. It means the world to us that FHLB Dallas is at our side as the rebuilding continues.”

Experience the full story in this video about Bank of Anguilla’s work to assist Rolling Fork in its recovery with the use of the SBRG.

Arvest Bank was honored for its use of several FHLB Dallas’ Community investment programs, including Economic Development Program advances to provide low-cost loans to farmers, ranchers, businesses and public works projects. Arvest has also supported special-needs homeowners through a partnership it established with the city of Little Rock, Arkansas, using the FHLB Dallas’ Special Needs Assistance Program (SNAP). The partnership enables the city to provide critical home rehabilitation such as building wheelchair ramps, making accessibility modifications and replacing roofs for income-qualified homeowners including elderly and disabled homeowners.

Arvest also participates in the Affordable Housing Program to provide funds for multifamily, transitional, homeless and other forms of affordable housing, and it supports veterans and their families through the Housing Assistance for Veterans (HAVEN) program.

“This is what we do. We are active in our communities, supporting economic development and community revitalization,” said Community Bank President for Arvest Matt Smith. “FHLB Dallas programs have helped us in our commitment to serving our communities. It’s a great honor to be recognized for the work we are doing each and every day.”

Experience Arvest Bank’s commitment to the EDP and other FHLB Dallas programs in this video.

“These two members have been exceptional in their commitment to and impact on affordable housing, community investment and economic development,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “We congratulate them both and look forward to their future involvement in FHLB Dallas community investment programs.”

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 $128.3 billion as of December 31, 2023, 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.


STORY TAGS: Photo/Multimedia, Award, Nonprofit, Conference, United States, North America, Professional Services, Philanthropy, Residential Building & Real Estate, Other Philanthropy, Construction & Property, Banking, Arkansas, Louisiana, Texas, Mississippi, New Mexico,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News