Media Advisory: Four Banks to Join FHLB Dallas to Award $37K to Lufkin Nonprofit

BY Business Wire | AGENCY | 10/07/22 05:28 PM EDT

***1:00 p.m. Tuesday, October 11, 211 E. Shepherd Avenue Suite 110, Lufkin, TX***

LUFKIN, Texas--(BUSINESS WIRE)-- The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Austin Bank, Texas N.A.; Cadence Bank, Southside Bank and VeraBank to award $37,000 in Partnership Grant Program (PGP) funding to Lufkin Neighborhood STRONG. The funds will be awarded during a ceremonial check presentation on Tuesday, October 11, at the Lufkin Neighborhood STRONG office in Lufkin, Texas. The media is encouraged to attend.

Lufkin Neighborhood STRONG assists elderly disabled and economically disadvantaged homeowners in Angelina and adjacent counties to repair homes for improved accessibility. The grant proceeds will be used for salaries, training and costs associated with applying for additional sources of funding.

FHLB Dallas provides up to a 3:1 match of member contributions to provide a match of up to $12,000 per member to promote and strengthen relationships between community-based organizations and FHLB Dallas members.

WHAT:

Check presentation for Lufkin Neighborhood STRONG?

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WHEN:

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1:00 p.m., Tuesday, October 11, 2022

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WHO:

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Debbie Braune, Senior Vice President, Risk Management, CRA Officer, Austin Bank, Texas N.A.

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Chase Luce, Vice President, Austin Bank, Texas N.A., Treasurer of Lufkin Neighborhood STRONG

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Joe Rich, Market President, Cadence Bank

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Codie Jenkins, Executive Vice President, Southside Bank

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Lauren Cox, Vice President, Mortgage Lender, VeraBank

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Kyle King, Commercial Credit Analyst II, VeraBank

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Wayne Lawrence, Executive Director, Lufkin Neighborhood STRONG

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Melanie Dill, Community and Economic Development Product Manager, FHLB

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WHERE:

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Lufkin Neighborhood STRONG, 211 E. Shepherd Avenue, Suite 110, Lufkin, TX

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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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