TUPELO, Miss .– (BUSINESS WIRE) – BancorpSouth Bank (NYSE: BXS) and Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $ 78,222 to 10 nonprofits in Arkansas, Mississippi, and Louisiana under the Partnership Grant Program (PGP).
PGP grants help qualified nonprofits fund a variety of operational and administrative activities that are critical to serving their communities.
The following organizations were funded in alphabetical order:
Coalition of African American Communities, Gulfport, Mississippi, US $ 6,000, offers minority and low-income residents of Gulfport, Mississippi, youth development, financial literacy, and small business education.
Hernando Desoto Habitat for Humanity, Hernando, Mississippi, $ 10,000, is building homes with volunteers, including future Habitat for Humanity homeowners, who are being offered an interest-free, affordable mortgage to buy the home they are building.
Hope Downtown Network, Hope, Arkansas, $ 4,000, makes and sponsors improvements in downtown Hope, Arkansas.
IN Affordable Housing, Little Rock, Arkansas, $ 1,117 creates and maintains affordable housing in targeted neighborhoods for families with limited incomes through education, financial education, and advocacy.
Mercy Housing and Human Development, Gulfport, Mississippi, $ 14,105, offers home ownership for low- and middle-income families.
NOVA Work Institute of Northeast Louisiana, Monroe, Louisiana, $ 12,000, works as a recruiter to identify and connect the labor needs of employers with training institutions and with jobseeker residents of northeast Louisiana.
Restoration Home, Jackson, Mississippi, $ 10,000 offers temporary housing for men recovering from drug and alcohol addictions.
Sacred Heart Southern Missions, Walls, Mississippi, $ 10,000, operates two Catholic elementary schools and related community services, including the area’s only service for people living with HIV / AIDS and their families.
Starkville Area Habitat for Humanity, Starkville, Mississippi, US $ 6,000, volunteers build new homes and provide interest-free mortgages for low-income homeowners
Christmas in April Grenada Inc., Grenada, Mississippi, $ 5,000, does home repairs for the needy and the elderly.
“Given the ongoing COVID-19 pandemic and the additional impact of Hurricane Ida on many of these organizations, these funds provide a safety net to cover administrative and operational expenses that many grants often exclude,” said Mark., President of the BancorpSouth Northeast Mississippi Division Burleson. “We are pleased to be able to distribute these funds together with the FHLB Dallas.”
For 2021, the FHLB Dallas awarded $ 400,000 in PGP grants, and its members provided an additional $ 200,250 for an impact of more than $ 600,000 in its five-state district of Arkansas, Louisiana, Mississippi, New Mexico, and Texas ready.
“Donations to 10 nonprofits in three states demonstrate BancorpSouth’s strong commitment to improving the communities in which it operates,” said Greg Hettrick, first vice president and director of community investment, FHLB Dallas. “Our partnership with BancorpSouth and the matching grant nature of PGP have enabled both banks to have a lasting impact on these nonprofits, some of which have received multiple rounds of PGP funding over the years.”
See the full list of 2021 PGP Scholarship Holders. For more information on 2021 PGP Grants and other FHLB Dallas investment products and programs, please visit fhlb.com/pgp.
About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, and has assets of approximately $ 28 billion. BancorpSouth operates approximately 315 full-service offices and other mortgage, insurance and credit offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance office in Illinois. BancorpSouth is committed to a culture of respect, diversity and inclusion in both the workplace and the community. To learn more, visit our community engagement page at https://www.bancorpsouth.com; “Like us on Facebook; Follow us on Twitter @MyBXS; or connect with us on LinkedIn.
Via the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system, which was founded by Congress in 1932. FHLB Dallas, with total assets of $ 58.6 billion as of June 30, 2021, is a member-owned cooperative that supports housing and community development by providing credit and other credit products at competitive prices to approximately 800 members and affiliates Institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, please visit our website at fhlb.com.
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