$18K in Grant Funds Awarded to Louisiana Nonprofits

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

First National Bank of Louisiana and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $18,200 in Partnership Grant Program (PGP) funds to Crowley Main Street and Empowering the Community for Excellence (ETCFE). Local dignitaries joined bank representatives in awarding the funds at a check presentation today at First National Banks offices.

Crowley Main Street, whose mission is to revitalize and promote the historic, cultural, social and economic significance of Crowleys downtown historic business district, will receive $16,000 in PGP funds to assist with business and fundraising operations, as well as supporting the organizations beautification efforts to revitalize the downtown area.

We believe our downtown commercial historic district is the heart of our city and the center of economic vitality, said Jill Habetz, advisory board vice president of Crowley Main Street. The PGP grant funds will be put to good use and were so grateful.

ETCFE, a nonprofit that provides free academic tutoring to underprivileged students, will receive $2,200 in funds from the banks to purchase two laptop computers and supplemental materials including language arts, reading and math workbooks.

ETCFE founder Audrey Spencer said she is grateful for the funds. This is the organizations third PGP.

We operate on grants and donations, so without those wed have to close the facility, said Mrs. Spencer.

The structure of the PGP enables FHLB Dallas member institutions such as First National Bank of Louisiana to make a contribution of $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas will match at a 3:1 ratio.

As an educator in Crowley, Mrs. Spencer dedicated her life to helping children. Upon retirement, she was distressed to see the rate at which Crowley children were failing to advance to the next grade level, so she founded ETCFE, a free community-based after school tutoring program providing academic assistance to students in grades 1-5. The program has now expanded to serve students in middle school and high school.

First National Bank of Louisiana has donated learning materials to the program, and donates money to the organization regularly. President and CEO Randy Prather said the bank is proud to support both organizations through the PGP.

ETCFE and Crowley Main Street are both dedicated to improving our community, said Mr. Prather. Supporting their missions through the PGP is our privilege and is in line with our banks core values.

Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas, said the PGP not only strengthens the community, but also members relationships within the community.

The PGP is a great community investment tool for community-focused banks such as First National Bank of Louisiana, said Mr. Hettrick. Our partnership with First National Bank is strengthened by our shared commitment to our communities.

About First National Bank of Louisiana

First National Bank of Louisiana is an independent community bank whose mission is to ensure that the stability of the communities surrounding Crowley, Louisiana is strengthened by its commitment to delivering courteous, attentive, and personal service. Established in the 1920s, the bank has grown to hold over $380 million in assets. First National Bank is committed to attracting and retaining exceptional personnel who are motivated to serve their customers ever-changing needs, as well as building strategic partnerships to enhance shareholder value. For more information, visit fnb-la.com.

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 $73.7 billion as of September 30, 2018, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 825 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. Visit fhlb.com for more information.

Corporate Communications
Federal Home Loan Bank of Dallas