TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $28.4 million in Affordable Housing Program (AHP) subsidies to 43 projects in its five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. The subsidies will result in the creation or rehabilitation of 2,677 housing units. “Affordable housing is a critical need for communities … Read more
The Federal Home Loan Bank of Dallas (FHLB Dallas) has recognized three member financial institutions for their commitment to community investment by naming them 2023 Community Area Revitalization Efforts (CARE) Award recipients. First National Bank Texas, Home Bank and The First Bank were honored recently during FHLB Dallas’ annual member conference. Each member was awarded $7,500 … Read more
On January 24, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced the appointment of David Long to its Affordable Housing Advisory Council and the reappointment of four current Advisory Council members. Long’s three-year term began on January 1 and will expire on December 31, 2025. Long brings more than 25 years of affordable … Read more
The Federal Home Loan Bank of Dallas (FHLB Dallas) has had a busy summer partnering with numerous financial institutions to award funding to community-based organizations as part of its Partnership Grant Program (PGP). FHLB Dallas serves approximately 800 members and associated institutions across its five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. In … Read more
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 … Read more
The Southwestern Graduate School of Banking (SWGSB) at Southern Methodist University (SMU) in Dallas held its 2022 commencement on June 9 for the 62nd class. SWGSB Foundation trustee Brad Cheves, vice president for development and external affairs at SMU, gave the commencement address on executive education’s role in leadership development. John Hope Bryant, renowned entrepreneur, … Read more
When February’s ice storm caused unprecedented power outages throughout much of Texas, Yeneka Younger (pictured above) shivered in an unheated Dallas home for days. But that wasn’t the worst of it. The freezing temperatures caused pipes to burst in her kitchen resulting in extensive water damage to her cabinets and flooring. The Woodlands-based Woodforest National … Read more
Stephen Panepinto, chairman, president and CEO of Louisiana-based Plaquemine Bank and Trust Co., was recently elected to the Federal Home Loan Bank of Dallas (FHLB Dallas) board of directors. He will serve a four-year term representing Louisiana financial institutions, community development organizations and insurance companies, which are members of the FHLB Dallas. The FHLB Dallas … Read more
O n December 1, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced that, in partnership with its member financial institutions, it has awarded $19.3 million in Affordable Housing Program (AHP) subsidies to 38 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas. The subsidies will result in the creation or rehabilitation of 2,749 … Read more
In recent weeks, Federal Home Loan Bank of Dallas (FHLB Dallas) members in parts of Louisiana have been severely impacted by Hurricane Laura. FHLB Dallas recently announced $923,502 in grants available through its member institutions and another $75,000 donation to help with recovery efforts in Louisiana. “Hurricane Laura pummeled portions of Louisiana at a time … Read more