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TEXAS BANKING NEWS, PEOPLE AND IDEAS

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TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

First National Bank Texas and FHLB Dallas Present $72,000 to Dallas Area Habitat for Humanity

August 31, 2022

On August 3, Killeen-based First National Bank Texas (FNBT) and the Federal Home Loan Bank of Dallas (FHLB Dallas) presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation. FNBT and FHLB Dallas provided the funding from FHLB Dallas’ Homebuyer Equity Leverage Partnership (HELP) program in 2022 to help 12 income-qualified, first-time homebuyers with down payment and closing cost expenses connected to the construction of their homes through Dallas Area Habitat for Humanity.

Kellye Coleman, a 37-year-old customer service representative and single mother of three, had been dreaming of making the transition from renting to homeownership as the rent on her two-bedroom apartment increased each year. Thanks to a no-interest mortgage from Dallas Area Habitat and a $6,000 HELP subsidy, she moved into a four-bedroom, two-bathroom home in Dallas’ historic Joppa neighborhood in May.

“I have always wanted to give my children their own bedrooms,” Coleman says. “We have a huge yard now, and my kids can just run and play outside which they have never been able to do before.” In addition to having their own backyard, Coleman’s children live close to their schools and can enjoy nearby nature trails.

“Down payments and closing costs can be barriers to homeownership, and we are thrilled to have had the opportunity to partner with FHLB Dallas to contribute to the purchasing of new affordable homes in the Dallas metropolitan area,” says Pedro Beascochea Jr., vice president/community development innovation specialist at First National Bank Texas.

HELP subsidies are offered by FHLB Dallas through its member institutions to assist first-time homebuyers with down payments and closing costs on new or existing homes. For 2022, FHLB Dallas set aside $4 million for HELP subsidies made available through its members on a first-come, first-served basis.

“We are honored to partner with FNBT to make the dream of homeownership a reality for Ms. Coleman and the 11 other families who have moved into these homes,” says Bruce Hatton, vice president/affordable housing program manager at FHLB 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 $77.7 billion as of June 30, 2022, serves approximately 800 members and associated institutions across the five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas.

Established in 1901, First National Bank Texas operates 340 locations in Texas, Arizona, Arkansas and New Mexico.

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Previous First United Bank Awarded Prestigious Sustainability Award in Sherman Next VeraBank Hires Murray as Senior Vice President and Commercial Banker in Bryan/College Station

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

News

First National Bank Texas and FHLB Dallas Present $72,000 to Dallas Area Habitat for Humanity

August 31, 2022

On August 3, Killeen-based First National Bank Texas (FNBT) and the Federal Home Loan Bank of Dallas (FHLB Dallas) presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation. FNBT and FHLB Dallas provided the funding from FHLB Dallas’ Homebuyer Equity Leverage Partnership (HELP) program in 2022 to help 12 income-qualified, first-time homebuyers with down payment and closing cost expenses connected to the construction of their homes through Dallas Area Habitat for Humanity.

Kellye Coleman, a 37-year-old customer service representative and single mother of three, had been dreaming of making the transition from renting to homeownership as the rent on her two-bedroom apartment increased each year. Thanks to a no-interest mortgage from Dallas Area Habitat and a $6,000 HELP subsidy, she moved into a four-bedroom, two-bathroom home in Dallas’ historic Joppa neighborhood in May.

“I have always wanted to give my children their own bedrooms,” Coleman says. “We have a huge yard now, and my kids can just run and play outside which they have never been able to do before.” In addition to having their own backyard, Coleman’s children live close to their schools and can enjoy nearby nature trails.

“Down payments and closing costs can be barriers to homeownership, and we are thrilled to have had the opportunity to partner with FHLB Dallas to contribute to the purchasing of new affordable homes in the Dallas metropolitan area,” says Pedro Beascochea Jr., vice president/community development innovation specialist at First National Bank Texas.

HELP subsidies are offered by FHLB Dallas through its member institutions to assist first-time homebuyers with down payments and closing costs on new or existing homes. For 2022, FHLB Dallas set aside $4 million for HELP subsidies made available through its members on a first-come, first-served basis.

“We are honored to partner with FNBT to make the dream of homeownership a reality for Ms. Coleman and the 11 other families who have moved into these homes,” says Bruce Hatton, vice president/affordable housing program manager at FHLB 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 $77.7 billion as of June 30, 2022, serves approximately 800 members and associated institutions across the five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas.

Established in 1901, First National Bank Texas operates 340 locations in Texas, Arizona, Arkansas and New Mexico.

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Previous First United Bank Awarded Prestigious Sustainability Award in Sherman Next VeraBank Hires Murray as Senior Vice President and Commercial Banker in Bryan/College Station

MORE News

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Moody Foundation Awards $200,000 to Texas Southern University’s Future Bankers Leadership Program

Texas Bankers Hall of Fame Inducts Burris, Cooper, Hartenstine, Hoxworth and Nesbitt at Annual Gala

Louisiana-based Origin Bank Opens New Office in The Woodlands, Hires Staley for Business Development

Mississippi-based Cadence Bank to Acquire Industry Bancshares

1 2 … 5 Next >

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Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

News

First National Bank Texas and FHLB Dallas Present $72,000 to Dallas Area Habitat for Humanity

August 31, 2022

On August 3, Killeen-based First National Bank Texas (FNBT) and the Federal Home Loan Bank of Dallas (FHLB Dallas) presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation. FNBT and FHLB Dallas provided the funding from FHLB Dallas’ Homebuyer Equity Leverage Partnership (HELP) program in 2022 to help 12 income-qualified, first-time homebuyers with down payment and closing cost expenses connected to the construction of their homes through Dallas Area Habitat for Humanity.

Kellye Coleman, a 37-year-old customer service representative and single mother of three, had been dreaming of making the transition from renting to homeownership as the rent on her two-bedroom apartment increased each year. Thanks to a no-interest mortgage from Dallas Area Habitat and a $6,000 HELP subsidy, she moved into a four-bedroom, two-bathroom home in Dallas’ historic Joppa neighborhood in May.

“I have always wanted to give my children their own bedrooms,” Coleman says. “We have a huge yard now, and my kids can just run and play outside which they have never been able to do before.” In addition to having their own backyard, Coleman’s children live close to their schools and can enjoy nearby nature trails.

“Down payments and closing costs can be barriers to homeownership, and we are thrilled to have had the opportunity to partner with FHLB Dallas to contribute to the purchasing of new affordable homes in the Dallas metropolitan area,” says Pedro Beascochea Jr., vice president/community development innovation specialist at First National Bank Texas.

HELP subsidies are offered by FHLB Dallas through its member institutions to assist first-time homebuyers with down payments and closing costs on new or existing homes. For 2022, FHLB Dallas set aside $4 million for HELP subsidies made available through its members on a first-come, first-served basis.

“We are honored to partner with FNBT to make the dream of homeownership a reality for Ms. Coleman and the 11 other families who have moved into these homes,” says Bruce Hatton, vice president/affordable housing program manager at FHLB 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 $77.7 billion as of June 30, 2022, serves approximately 800 members and associated institutions across the five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas.

Established in 1901, First National Bank Texas operates 340 locations in Texas, Arizona, Arkansas and New Mexico.

SHARE THIS FEATURE:

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MORE News

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Moody Foundation Awards $200,000 to Texas Southern University’s Future Bankers Leadership Program

Texas Bankers Hall of Fame Inducts Burris, Cooper, Hartenstine, Hoxworth and Nesbitt at Annual Gala

Louisiana-based Origin Bank Opens New Office in The Woodlands, Hires Staley for Business Development

Mississippi-based Cadence Bank to Acquire Industry Bancshares

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas3

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© 2024 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas