GULFPORT, Miss .– (BUSINESS WIRE) – Hancock Whitney and the Federal Home Loan Bank of Dallas (FHLB Dallas) have granted US $ 20,105 of PGP funding to Mercy Housing and Human Development (Mercy Housing) in Gulfport, Mississippi.
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.
The funds were awarded during a check delivery on July 29th at the Mercy Housing offices in Gulfport.
“Funding from the PGP grant will help us with the expenses we incur providing a variety of community services,” said Julie Egressy, executive director of Mercy Housing. “We are grateful for the positive effects that these funds will have.”
PGP grants help qualified nonprofits fund a variety of operational and administrative activities that are critical to serving their communities.
“Hancock Whitney is honored to be working with FHLB Dallas to support Mercy Housing,” said Anthony Montgomery, senior vice president and director of community development for Hancock Whitney. “Mercy Housing provides a variety of services to the community, including homebuyer education, financial education, and healthy lifestyle programs that improve people’s lives.”
Through this unique program, FHLB Dallas member institutions donate $ 500 to $ 4,000 to a Community-based Organization (CBO), a 501 (c) (3) nonprofit that matches FHLB Dallas at a 3: 1 ratio To provide the CBO with up to US $ 24,000 per member and US $ 60,000 per year in grants. PGP scholarships are awarded annually by the member institutes of FHLB Dallas and help promote and strengthen relationships between CBOs and members.
“We are proud to stand by Hancock Whitney to help Mercy Housing with administrative and operational costs,” said Greg Hettrick, first vice president and director of community investment at FHLB Dallas.
Check out the full list of 2021 PGP Fellows. For more information on the 2021 PGP Grants and other FHLB Dallas investment products and programs, please visit fhlb.com/pgp.
About Hancock Whitney
Since the late 19th century, Hancock Whitney has embodied the core values of honor and integrity, strength and stability, commitment, teamwork and personal responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; Commercial and small business banking; private banking; Fiduciary and investment services; Healthcare banking; certain insurance services; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. BauerFinancial, Inc., the nation’s leading independent rating and analysis company for banks, has consistently recommended Hancock Whitney as one of America’s most financially sound banks. More information is available at www.hancockwhitney.com.
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 construction and community development by providing credit and other credit products at competitive prices to approximately 800 members and affiliated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, please visit our website at fhlb.com.
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