Red River Bank and FHLB Dallas Award $24K to Shreveport Nonprofits

BY Business Wire | AGENCY | 10/21/22 06:02 PM EDT

Image Changers, Inc., and Multi-Cultural Development Center Awarded Partnership Grant Program Funds

SHREVEPORT, La.--(BUSINESS WIRE)-- Red River Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $24,000 in Partnership Grant Program (PGP) funding to two community organizations in Louisiana during a ceremonial check presentation today.

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  • Image Changers Inc., Shreveport, Louisiana, $10,000
  • Multi-Cultural Development Center (MCDC), Bossier City, Louisiana, $14,000

Image Changers Inc. promotes and supports educational and economic development through homeownership, community development, social services and education. It will use the PGP grant to continue providing community services for school-age children and homebuyer support for families.

?We are working in multiple ways to create a better future for our residents,? said Damon Humphrey Sr., Image Changers president and executive director. ?Our business and financial partnerships play a critical role in all our efforts. We sincerely appreciate Red River Bank and FHLB Dallas for their support in helping to further our mission.?

MCDC is a nonprofit that provides social services to youth. The grant will be used for homebuyer counseling operations, client services and administration and operational expenses.

?We are a small nonprofit agency providing educational support, health screenings and housing counseling to approximately 300 youth and parents in a historically underserved community,? said Yvonne Bartley, executive program director at MCDC. ?It?s hard to overstate the importance of these contributions in helping us meet their needs.?

Jannease Seastrunk, senior vice president, community relations and CRA officer at Red River Bank said the PGP funds make a big impact on small organizations.

?These investments can make a meaningful difference to smaller community-service providers ? allowing them to hire staff or otherwise increase their organizational capacity to make an even larger impact,? she said.

In 2022, FHLB Dallas and its members provided nearly $559,000 in PGP funds to 38 community organizations in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. See the complete list of the grant recipients and visit fhlb.com/pgp to learn more.

?FHLB members are tremendous advocates for their communities,? said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. ?We appreciate their partnership in helping to address community needs in truly meaningful ways.?

About Red River Bank

Red River Bank is a Louisiana state-chartered bank established in Alexandria, Louisiana, in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of its commercial and retail customers. Red River Bank operates from a network of 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans, which includes the New Orleans MSA. Red River Bank is a subsidiary of Red River Bancshares, Inc., which trades under the trading symbol RRBI on the Nasdaq Global Select Market. Learn more at redriverbank.net.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $77.7 billion as of June 30, 2022, serves approximately 800 members and associated institutions across our five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides financial products and services including advances (loans to members) and grant programs for affordable housing and economic development. For more information, visit our website at fhlb.com.

Source: Federal Home Loan Bank of Dallas

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