FHLB Dallas donates $1 million for tornado damage assistance in Mississippi Delta

by Talk Business & Politics staff ([email protected]) 506 views 

In response to the recent damage caused by severe storms and tornadoes in Arkansas, the Mississippi Delta and Northeast Mississippi, the Federal Home Loan Bank of Dallas (FHLB Dallas) has donated $1 million to assist with relief and recovery efforts in the affected regions.

“We appreciate all the hard work being done on the ground in these affected communities by the local financial institutions and nonprofit organizations that have rolled up their sleeves to assist,” said Sanjay Bhasin, president and CEO of FHLB Dallas.

In addition to the charitable donations, FHLB Dallas also activated its disaster relief response programs, which include grants and low-cost advances (loans) through member financial institutions to support disaster recovery efforts in their communities. The support includes $2.5 million in small business recovery grants offered through members to aid small businesses as well as assistance for affected employees of member institutions.

FHLB Dallas made the following donations:

$125,000 to Eight Days of Hope of Tupelo, Miss., for rapid recovery and long-term rebuilding assistance for Northeast Mississippi.

$125,000 to CREATE Foundation for the North Mississippi Relief and Recovery Fund of Tupelo to provide financial support to impacted employees of area financial institutions.

$250,000 to the Kentucky Bankers Relief Fund of Louisville, Kentucky, a collaboration with the Arkansas Bankers Association to assist with disaster relief efforts in Arkansas.

$250,000 to The Heart of the Delta Foundation of Belzoni, Miss., created by several banks in the Mississippi Delta to assist impacted communities.

$250,000 to Community Foundation of Washington County of Greenville, Miss., to assist with storm recovery in Rolling Fork, Miss., and other neighboring communities.