JACKSON, Miss.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Community Bank of Mississippi were joined by State Representative Otis Anthony, District 31, as they awarded $30,000 in grants to three Mississippi-based nonprofits – the Coalition of African American Communities ($3,000), the Corporation for Global Community Development ($21,000) and Delta Grace, Inc. ($6,000).
The funds are part of $1.2 million in Partnership Grant Program (PGP) awards FHLB Dallas and participating member institutions awarded this year. Through the PGP, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members.
“Community Bank is committed to the communities we serve, and the Partnership Grant Program gives us an opportunity to expand our support of local community-based organizations like Delta Grace, Corporation for Global Community Development and the Coalition of African American Communities,” said Marc Petro, CEO, Central Mississippi Region, Community Bank of Mississippi. “It is my hope that these funds will increase the capacity of these organizations and strengthen our working relationship for years to come.”
Delta Grace, based in Sunflower, Mississippi, received $6,000 in PGP funding.
“These funds will allow us to continue the work our founder, Veronica Pritchard, started over 10 years ago, and will be used to make necessary repairs that improve the safety, sanitation and security of homes and to fund mission trips across the state for students from the region,” said Delta Grace’s Executive Director Macon Davis. “Our hope is that through these funds, we will make a difference, not only physically, but spiritually, in the lives of people.”
Jackson, Mississippi-based Corporation for Global Community Development received $21,000 in PGP funds. The grant will be utilized to provide communities with food security, housing stability, health equity and childhood education.
“We are incredibly grateful to secure this grant through the FHLB Dallas and Community Bank. These funds will be instrumental in building our organizational capacity,” said Evelyn Edwards, executive director of Corporation for Global Community Development. “We hope these funds will deepen our impact, allowing us to reach even more people and address critical needs at a larger scale.”
The Coalition of African American Communities based in Gulfport, Mississippi, received a $3,000 PGP grant. Executive Director Anthony Thompson said that the funds will be used to provide financial literacy to high school students, adults and small businesses in its community.
“The funds will benefit our communities by bringing them the best financial education possible,” said Mr. Thompson. “As a small nonprofit with operational challenges, I thank Community Bank of Mississippi and FHLB Dallas for their support.”
The PGP allows FHLB Dallas members to actively contribute to community development initiatives, fostering goodwill and bolstering local presence.
“By supporting three local nonprofits addressing unique challenges, the Community Bank of Mississippi is using the Partnership Grant Program to make a tangible difference in community development efforts across the state,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “We are proud to support partnerships that create stronger, more resilient communities in Mississippi.”
For more information about PGP, visit fhlb.com/pgp.
About Community Bank of Mississippi
Community Bank, formerly Farmers and Merchants Bank, is one of the fastest-growing financial institutions in the South. Despite our growth, Community Bank is not the product of big business or a large, metropolitan area. Instead, more than one hundred years ago, we chose a small timber community in east central Mississippi to first plant our roots. Today, Community Bank has grown from $200 million in assets and a couple of offices to more than $4.8 billion in assets, 55 offices, and over 875 staff-owners in four states.
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 $129.4 billion as of September 30, 2024, 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 fhlb.com.
