Banks award $ 78,000 to 10 nonprofits in three states

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TUPELO, Miss – (COMMERCIAL THREAD) – BancorpSouth Bank (NYSE: BXS) and Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $ 78,222 in Partnership Grants Program (PGP) matching funding to 10 nonprofits in the Arkansas, Mississippi and Louisiana.

PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are essential to serving their communities.

The following organizations, listed in alphabetical order, have received funding:

Coalition of African-American Communities, Gulfport, Mississippi, $ 6,000, offers youth development, financial literacy, and small business training to minority and low-income residents of Gulfport, Mississippi.

Hernando Desoto Habitat for Humanity, Hernando, Mississippi, $ 10,000, build homes with volunteers, including future Habitat for Humanity owners, who are offered an affordable, interest-free mortgage to purchase the home they help build.

Hope Downtown Network, Hope, Arkansas, $ 4,000, makes and promotes improvements in downtown Hope, Arkansas.

IN Affordable Housing, Little Rock, Arkansas, $ 1,117, creates and maintains affordable housing opportunities in targeted neighborhoods for low-income families through training, financial education and advocacy.

Mercy Housing and Human Development, Gulfport, Mississippi, $ 14,105, provides homeownership opportunities for low and moderate income families.

NOVA Work Institute of Northeast Louisiana, Monroe, Louisiana, $ 12,000, works as a work intermediary for identify and connect employers’ workforce needs with training entities and with residents of northeast Louisiana seeking employment.

Catering house, Jackson, Mississippi, $ 10,000, provides transitional housing for men recovering from drug and alcohol addiction.

South Sacred Heart Missions, Walls, Mississippi, $ 10,000, operates two Catholic elementary schools and related social services, including the region’s only ministry for people living with HIV / AIDS and their families.

Habitat for Humanity in the Starkville area, Starkville, Mississippi, $ 6,000, build new homes with volunteers and provide interest-free mortgages to low-income homeowners

Christmas in April Grenade Inc., Grenada, Mississippi, $ 5,000, makes home repairs for people in need and the elderly.

“With the continuing COVID-19 pandemic and the additional impact of Hurricane Ida on many of these organizations, these funds will provide a safety net to deal with the administrative and operational expenses that many grants often exclude from. the cover, ”said Mark, president of the BancorpSouth Northeast Mississippi division. Burleson. “We are delighted to join with FHLB Dallas in distributing this funding. ”

For 2021, FHLB Dallas has awarded $ 400,000 in PGP grants, and its members have provided an additional $ 200,250 for an impact of over $ 600,000 in its five-state district of Arkansas, Louisiana, Mississippi, from New Mexico and Texas.

“Donations to 10 nonprofits in three states demonstrate BancorpSouth’s strong commitment to improving the communities in which it operates,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas . “Our partnership with BancorpSouth and the nature of the PGP matching grant has allowed the two banks to have a lasting impact on these nonprofits, some of which have received multiple rounds of PGP funding over the years.”

See the full list recipients of PGP 2021 grants. For more information on PGP 2021 grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.

About BancorpSouth Bank

BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, with approximately $ 28 billion in assets. BancorpSouth operates approximately 315 full-service branches as well as additional mortgage, insurance and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois. BancorpSouth is committed to a culture of respect, diversity and inclusion both in its workplace and in its communities. To learn more, visit our community engagement page at https://www.bancorpsouth.com; “Like us on facebook; follow us on Twitter @MyBXS; or connect with us through LinkedIn.

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 established by Congress in 1932. FHLB Dallas, with total assets of $ 58.6 billion as of June 30, 2021, is a co-operative owned by its members which 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 our website at fhlb.com.


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