Media Advisory: Red River Bank and FHLB Dallas to Award $16K in Community Revitalization Nonprofit

BY Business Wire | AGENCY | 11/07/22 05:26 PM EST

***11:00 a.m., Tuesday, November 8, 1412 Centre Court Drive, Alexandria, Louisiana 71301***

ALEXANDRIA, La.--(BUSINESS WIRE)-- Red River Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $16,000 in Partnership Grant Program (PGP) funding to the Greater Alexandria Economic Development Authority Revitalization Corp. (GAEDA)

GAEDA, which promotes urban renewal in Rapides Parish, renovates, restores and develops properties to reverse blight. It will use PGP funds to help cover the cost of social services for elderly adults. It will also sponsor seminars and workshops for low-income families.

PGP funds help nonprofits fund a variety of operational and administrative activities. FHLB Dallas matches member institution contributions of $500 to $4,000 by a 3:1 ratio. The funds will be awarded at a ceremonial check presentation on Tuesday, November 8. Media is encouraged to attend.

WHAT:???

Check presentations for GAEDA

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WHEN:???

11:00 a.m. Tuesday, November 8, 2022

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WHO:

Jannease Seastrunk, Senior Vice President, Community Relations and CRA Officer, Red River Bank

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Blake Chatelain, President and CEO, Red River Bank

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Tammi Salazar, Executive Vice President, Red River Bank

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Bri Victor, Mortgage Loan Originator, Red River Bank

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Willie Spears, Executive Director, GAEDA

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Dianne Bolen, Board of Directors, FHLB Dallas

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

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WHERE:

Red River Bank, 1412 Centre Court Drive, Alexandria, Louisiana, 71301

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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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