Federal Home Loan Bank of Dallas and First Security Bank Award $30K Grant to Assist Nonprofit with Emergency Shelter Expenses

Funds Will Help With New Refuge Family and Respite Shelter

CONWAY, Ark.--(BUSINESS WIRE)-- Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and First Security Bank awarded $30,000 in Partnership Grant Program (PGP) funding to the Conway Ministry Center to assist the nonprofit organization with its efforts to reduce homelessness.

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The Conway Ministry Center is an Arkansas-based nonprofit that works to address poverty and homelessness. The grant will be used to cover a portion of the salary of a shelter manager for the Refuge Family and Respite Shelter (the Refuge) ? Arkansas? first emergency housing program for families with children and people with disabilities or medical needs. The Refuge consists of 22 motel units that will be converted into studio apartments. The Refuge will provide emergency housing with wraparound case management services, life skills classes, medical and behavioral healthcare, child tutoring and job placement.

?We are so pleased to be a part of FHLB Dallas? Partnership Grant Program,? said Johnny Adams, President and CEO of First Security Bank in Conway. ?These funds will help struggling Conway residents get on their feet.?

Through the PGP, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members.

?Our Partnership Grant Program is extremely valuable to nonprofits and their communities,? said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.

The PGP funds are part of $1.2 million in PGP grants FHLB Dallas and participating members awarded in 2024.

Learn more about the PGP.

About First Security Bank

Based in Searcy, Arkansas, privately held First Security Bancorp has the most complete and diverse product offering of any Arkansas-based financial services holding company. Supported by the strength of $1.4 billion in total capital and $7.82 billion in assets, we offer solutions for the financial needs of individuals, businesses and the public sector, including a network of local community banks, respected investment banking and wealth management services, public finance, real estate development and revitalization, leasing and mortgage services.

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 $129.4 billion as of September 30, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.

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Source: Federal Home Loan Bank of Dallas