Media Advisory: Five Banks to Award More Than $34K to Shreveport Housing Nonprofit

BY Business Wire | AGENCY | 09/12/22 06:28 PM EDT

***11:30 a.m. Wednesday, September 14, 1800 Martha Street, Shreveport, LA 71101***

SHREVEPORT, La.--(BUSINESS WIRE)-- Representatives from Cadence Bank, Hancock Whitney, Origin Bank and Red River Bank will join with the Federal Home Loan Bank of Dallas (FHLB Dallas) to award $34,200 in Partnership Grant Program (PGP) funds to The Fuller Center for Housing of Northwest Louisiana (The Fuller Center NWLA) during a ceremonial check presentation Wednesday.

The Fuller Center NWLA builds new homes for low-income homebuyers who are unable to obtain adequate financing through other conventional means. Recipients receive a no-interest mortgage and affordable payments.

FHLB Dallas provides 3:1 matches of member contributions to provide grants up to $12,000 per member to help promote and strengthen relationships between Community Based Organizations (CBOs) and FHLB Dallas members. The PGP also complements development activities fostered by FHLB Dallas? Affordable Housing and Community Investment programs. The media is welcome to attend.

WHAT:

Check presentation for The Fuller Center NWLA

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WHEN:

11:30 a.m. ? 12:00 p.m., Wednesday, September 14, 2022

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WHO:

Adam Sistrunk, Division President, Cadence Bank

Stefanie Y?Barbo, Vice President, Cadence Bank

LaCarsha Babers, Assistant Vice President, Community Development Officer, Hancock Whitney

Shelia Grayson, Vice President, CRA & Community Development Officer, Origin Bank

Bridges Hall, Senior Vice President, Credit Policy Officer, Red River Bank

Judy Madison, Vice President, Community Outreach Lender, Red River Bank

Lee A. Jeter Sr., The Fuller Center for Housing of Northwest Louisiana

Melanie Dill, Community and Economic Development Product Manager, FHLB Dallas

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WHERE:

1800 Martha Street, Shreveport, LA 71101

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Source: Federal Home Loan Bank of Dallas

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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