Photo Release -- FHLB Dallas and Community Bank Award $20K Grant to Ruth's Place
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DALLAS, Oct. 5, 2009 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas
(FHLB Dallas) and Community Bank in Granbury, Texas, are pleased to announce
that a $20,000 Partnership grant has been awarded to Ruth's Place.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6686
Ruth's Place operates a free clinic in Granbury for uninsured and underinsured
children and adults. Ruth's Place also operates a food pantry, operates a summer
program that provides daily hot meals to children in the free lunch program, and
provides case management and other services to families in need.
The organization will use the Partnership grant to offset administrative costs
associated with new programs.
"The grant has given us the ability to expand our services and to reach even
more of the underserved populations that we are trying to reach," said Norma
Wright, President of the Board of Directors of Ruth's Place. "We're trying to
address people's basic needs and trying to make a difference in this
neighborhood and in these people's lives."
Carey Gentry, Granbury President of Community Bank, said his bank wanted to help
the organization because of Ruth's Place's mission.
"Ruth's Place has a great mission -- bringing healthcare to the underprivileged
youth in our communities and setting it up in areas that would benefit from it
the most, and we wanted to help them with that," said Mr. Gentry. "Knowing Norma
and the history of Ruth's Place, it's exactly the kind of great cause we want to
support."
Partnership grants, offered through FHLB Dallas's member institutions on a
first-come, first-served basis, provide funding for operational needs of
community-based organizations involved in affordable housing and community
development. FHLB Dallas matches member's cash contributions to a
community-based organization of $500 up to $5,000 at a 3:1 ratio.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank
System created by Congress in 1932. FHLB Dallas, with total assets of $72.1
billion as of June 30, 2009, is a member-owned cooperative that supports housing
and community development by providing competitively priced loans and other
credit products to more than 900 members and associated institutions in
Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information,
visit the FHLB Dallas web site at fhlb.com.
The Federal Home Loan Bank of Dallas logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3013
About Community Bank
Community Bank owns and operates 10 branches in Acton, Burleson, Cleburne, Fort
Worth, Granbury, Hurst, Rockwall, and Rowlett. A 2000 winner of the ABA
Cornerstorne Award, Community Bank is a member of the Federal Deposit Insurance
Corporation (FDIC) and an Equal Housing Lender. Community Bank's assets exceed
$450 million, with capital of more than $40 million. Community Bank's management
team of seasoned bankers with broad-based experience leads more than 130
dedicated employees in delivering premier banking services throughout North
Texas. For more information, email Community Bank at www.communitybank-tx.com,
call, or drop by to learn how Community Bank can give you "more than you ever
expected."
The photo is also available via AP PhotoExpress.
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CONTACT: Federal Home Loan Bank of Dallas
Corporate Communications
(214)441-8445
www.fhlb.com
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