FHLB Dallas and Origin Bank team up for $ 4,000 grant to Workforce Nonprofit
MONROE, Louisiana – (COMMERCIAL THREAD) – Origin Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have teamed up to provide $ 4,000 in Partnership Grant Program (PGP) funds to New Opportunities Vision Achievement Workforce Institute of Northeast Louisiana (NOVA), which forms workers and connects them with employers.
The Monroe, Louisiana-based nonprofit acts as an employment broker, connecting low- and moderate-income individuals with employers who offer living wages, benefits, and a career path. It also offers training and education services, including career preparation courses.
NOVA has helped more than 1,100 people find living wages or transition jobs, said NOVA CEO Paul West.
âThe PGP funding will help us offset some of our administrative and operational expenses and can be used for certain special events such as pre-employment training, graduation from our programs and receptions allowing potential employers to. meet our participants, âhe said. “We are grateful for the support from Origin Bank and FHLB Dallas.”
Sheila Grayson, Vice President, Corporate CRA and Community Development Officer at Origin Bank, said the bank is delighted to support NOVA in its mission.
âNOVA’s mission benefits individuals, businesses and the community by having a significant and positive economic impact on the parishes it serves, and we are honored to help them,â she said.
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.
âPGP enables our members, like Origin Bank, to provide administrative, operational and capacity building funding, which other grants often exclude,â said Greg Hettrick, Senior Vice President and Chief Investment Officer community at FHLB Dallas. âWe are delighted to join Origin Bank for this award to NOVA. ”
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 Origin Bancorp, Inc.
Origin is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly-owned banking subsidiary, Origin Bank, was founded in 1912. A culture deeply rooted in the history of Origin is committed to providing personalized relationship banking services to its customers and communities. Origin offers a wide range of financial services to businesses, municipalities, high net worth individuals and individuals. Origin currently operates 44 banking centers located in Dallas / Fort Worth and Houston, Texas, northern Louisiana and Mississippi. For more information visit www.origin.bank.
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 $ 60.2 billion as of September 30, 2021, is a cooperative 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.