22:17 | 15.08.2018
Lufkin Homeowners Benefit from $23K Partnership Grant
A Lufkin, Texas, nonprofit that assists homeowners in updating and
rehabbing their homes got
a boost yesterday with a $23,000 Partnership Grant Program (PGP)
award from Austin Bank, Southside Bank, Citizens National Bank and the
Federal Home Loan Bank of Dallas (FHLB Dallas).
This press release features multimedia. View the full release here:
Lufkin, Texas, nonprofit Neighborhood STRONG received $23,000 in Partnership Grant Program funds from Austin Bank, Southside Bank, Citizens National Bank and FHLB Dallas to benefit local homeowners. (Photo: Business Wire)
Neighborhood STRONG partners with local foundations, charities and
corporations as well as city, state and federal agencies to assist
homeowners of Wards 1 and 2 in the city of Lufkin with enhancing and/or
renovating their properties. The organization will use the PGP funds to
help with administrative costs.
“When learning that we were awarded this grant, we were extremely
thankful,” said Dr. Wayne Lawrence, executive director of Neighborhood
STRONG. “We have limited funds to go toward administrative assistance,
office space and supplies. The grant will tremendously help us with
Through this unique grant program, FHLB Dallas member institutions
contribute $500 up to $4,000 to a CBO, which FHLB Dallas matches at a
3:1 ratio to provide the CBO up to $12,000 in grant money.
“We appreciate the opportunity to partner with FHLB Dallas to invest in
the quality of life for North Lufkin residents,” said Southside Bank
Vice President and CRA Officer Brooke Mott. “Through the vision of
Neighborhood STRONG, we look forward to seeing the impact the grant will
have on the community.”
Citizens National Bank’s Senior Vice President and Central Regional
Manager Jon Moore also emphasizes the value of the PGP.
“The Partnership Grant Program has been a wonderful benefit for our
bank,” said Mr. Moore. “We truly value the importance of giving back to
the community through financial assistance and this program is the
perfect way of doing so.”
In 2018, FHLB Dallas has awarded $300,000 in PGP funds through 31 member
institutions to assist 32 community-based organizations. Combined with
the $114,010 contributed by FHLB Dallas members, a total of $414,010 has
been awarded to the organizations.
Austin Bank CRA Officer Debbie Braune said the bank’s community has
benefited from the PGP.
“We really appreciate the partnership aspect of the PGP because it opens
the door for Austin Bank to positively affect the community,” said Ms.
FHLB Dallas Vice President and Affordable Housing Program Manager Bruce
Hatton said the PGP was designed to strengthen partnerships.
“Our members’ partnership on this particular grant is a testament to
their commitment to the community,” said Mr. Hatton. “One of the goals
of the PGP is to build stronger relationships, especially for our
members and their communities.”
Neighborhood STRONG’s Dr. Lawrence said the nonprofit needs grants from
programs like the PGP to operate sufficiently.
“We are incredibly grateful for FHLB Dallas and their members’
assistance,” said Dr. Lawrence. “Their work is essential for us to carry
out our mission.”
To learn more about the PGP or other Community Investment programs from
FHLB Dallas, visit fhlb.com/community.
About Austin Bank
Austin Bank’s lengthy legacy is the foundation of its philosophy to
provide the financial stability and trust that contributes to the growth
and prosperity of the communities it serves. With 32 locations in 23
cities and 11 counties, Austin Bank is a trusted financial source for
the families and businesses it serves in East Texas.
About Southside Bank
Southside Bancshares, Inc., the holding company for Southside Bank, is
headquartered in Tyler, Texas. With approximately $6.37 billion in
assets, Southside Bank operates 59 banking facilities in East, North,
Central Texas and Southeast Texas. The bank also operates a network of
84 local ATMs/ITMs, and is affiliated with more than 55,000 foreign ATMs
Established in 1960, Southside Bank is a community-focused financial
institution that offers a full range of financial services to
individuals, businesses and nonprofit organizations. These services
include: consumer and commercial loans; mortgages; loans to
municipalities; personal, small business and commercial deposit
accounts; safe deposit boxes; business services; credit cards; ATMs;
trust and wealth management; brokerage services; and an array of online
and mobile services.
About Citizens National Bank
Citizens National Bank was established in 1930 at the height of the
Great Depression. With their recent acquisition of Union State Bank,
they are now a $2.2 billion community bank that serves East and Central
Texas with a combined network of 36 conveniently located branches. CNB
also has trust assets under management of $650 million. Throughout its
existence, CNB has remained committed to providing excellent personal
service with the latest in banking technology. Citizens National Bank
can be found online at CNBTexas.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 created by Congress in 1932. FHLB Dallas, with total
assets of $75.9 billion as of June 30, 2018, is a member-owned
cooperative that supports housing and community development by providing
competitively priced advances and other credit products to approximately
825 members and associated institutions in Arkansas, Louisiana,
Mississippi, New Mexico and Texas. Visit fhlb.com
for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005698/en/