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.
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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.
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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."
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