Latest news with #MichaelColston
Yahoo
22-05-2025
- Business
- Yahoo
FHLB Dallas and Bonvenu Bank Award $351K to Habitat for Humanity St. Tammany West
Funds Address Critical Need for Repairs and Storm-Resistant Roofs MANDEVILLE, La., May 22, 2025--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bonvenu Bank (Bonvenu) celebrated awarding $351,264 in FHLB Dallas FORTIFIED and Disaster Rebuilding Assistance (DRA) grants at a media event today celebrating the grand opening of Bonvenu's new branch in Mandeville, Louisiana. The funds, which were awarded through FHLB Dallas member Bonvenu, will be used to make repairs for low-income households in Louisiana. Terri Gage, president and CEO of Habitat for Humanity St. Tammany West, says that without the funds, many residents would not be able to afford to repair their homes. "In Louisiana we are finding more and more need for repairs to homes," she said. "I can't stress enough the importance of the funding. Not only do we have a significant insurance crisis in Louisiana, it's also a real struggle for low-income families to maintain their homes. The FHLB Dallas FORTIFIED Fund helps so many families in different ways." FORTIFIED roofs are installed to withstand damage from high wind, hail and thunderstorms. Homeowners can qualify for FHLB Dallas FORTIFIED Fund grants up to $15,000 for roof replacements and up to $7,500 for roofs on new construction. In 2025, $10 million is available through member institutions within the FHLB Dallas District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. For 2025, FHLB Dallas set aside $4 million of its AHP allocation for the DRA program. As an example of how the DRA funds are used, an elderly local homeowner whose home was damaged by Hurricane Ida three and a half years ago was awarded $14,974 in DRA funds to repair significant roof and window damage. The FHLB Dallas DRA program provides grants for the repair, rehabilitation and reconstruction of owner-occupied housing affected by a disaster event in a federally declared disaster area within the FHLB Dallas District. "This funding is extremely important for low-income homeowners in St. Tammany Parish and throughout Louisiana," said Michael Colston, vice president and community development officer at Bonvenu Bank. "We are excited to be a part of this program and stand ready to help communities with our available resources." "Bonvenu has been a strong partner of FHLB Dallas," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "These funds have the potential to help so many residents ensure that their homes are secure and able to withstand what storms may come." Visit the FHLB Dallas FORTIFIED Fund and Disaster Recovery Assistance pages at to learn more. About Bonvenu Bank Bonvenu Bank is a community bank in Louisiana that offers a variety of banking services for individuals and businesses. Formerly Citizens National Bank, Bonvenu Bank was established in 1985, and has 14 full-service branch locations throughout Louisiana. Committed to offering an elevated banking experience, Bonvenu strives to build a prosperous future for the communities it serves. Bonvenu Bank has been a leading financial partner for businesses and individuals in Northwest Louisiana for 40 years. 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 $109.9 billion as of March 31, 2025, is a member-owned cooperative that 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445
Yahoo
22-05-2025
- Business
- Yahoo
FHLB Dallas and Bonvenu Bank Award $351K to Habitat for Humanity St. Tammany West
Funds Address Critical Need for Repairs and Storm-Resistant Roofs MANDEVILLE, La., May 22, 2025--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bonvenu Bank (Bonvenu) celebrated awarding $351,264 in FHLB Dallas FORTIFIED and Disaster Rebuilding Assistance (DRA) grants at a media event today celebrating the grand opening of Bonvenu's new branch in Mandeville, Louisiana. The funds, which were awarded through FHLB Dallas member Bonvenu, will be used to make repairs for low-income households in Louisiana. Terri Gage, president and CEO of Habitat for Humanity St. Tammany West, says that without the funds, many residents would not be able to afford to repair their homes. "In Louisiana we are finding more and more need for repairs to homes," she said. "I can't stress enough the importance of the funding. Not only do we have a significant insurance crisis in Louisiana, it's also a real struggle for low-income families to maintain their homes. The FHLB Dallas FORTIFIED Fund helps so many families in different ways." FORTIFIED roofs are installed to withstand damage from high wind, hail and thunderstorms. Homeowners can qualify for FHLB Dallas FORTIFIED Fund grants up to $15,000 for roof replacements and up to $7,500 for roofs on new construction. In 2025, $10 million is available through member institutions within the FHLB Dallas District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. For 2025, FHLB Dallas set aside $4 million of its AHP allocation for the DRA program. As an example of how the DRA funds are used, an elderly local homeowner whose home was damaged by Hurricane Ida three and a half years ago was awarded $14,974 in DRA funds to repair significant roof and window damage. The FHLB Dallas DRA program provides grants for the repair, rehabilitation and reconstruction of owner-occupied housing affected by a disaster event in a federally declared disaster area within the FHLB Dallas District. "This funding is extremely important for low-income homeowners in St. Tammany Parish and throughout Louisiana," said Michael Colston, vice president and community development officer at Bonvenu Bank. "We are excited to be a part of this program and stand ready to help communities with our available resources." "Bonvenu has been a strong partner of FHLB Dallas," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "These funds have the potential to help so many residents ensure that their homes are secure and able to withstand what storms may come." Visit the FHLB Dallas FORTIFIED Fund and Disaster Recovery Assistance pages at to learn more. About Bonvenu Bank Bonvenu Bank is a community bank in Louisiana that offers a variety of banking services for individuals and businesses. Formerly Citizens National Bank, Bonvenu Bank was established in 1985, and has 14 full-service branch locations throughout Louisiana. Committed to offering an elevated banking experience, Bonvenu strives to build a prosperous future for the communities it serves. Bonvenu Bank has been a leading financial partner for businesses and individuals in Northwest Louisiana for 40 years. 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 $109.9 billion as of March 31, 2025, is a member-owned cooperative that 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
Federal Home Loan Bank of Dallas and Bonvenu Bank Award $25K Grant to The Fuller Center for Housing of Northwest Louisiana
Funds Will Be Used for Financial Property Education BOSSIER CITY, La., February 13, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Bonvenu Bank, awarded a $25,000 Heirs' Property Program grant to the Fuller Center for Housing of Northwest Louisiana (Fuller Center) during a ceremonial check presentation this week. The funds will be used to assist low- to moderate-income families with resolving heirs' property title issues such as wills, succession and education. "These funds will help us reach more people, efficiently search for property owners and make the succession process very simple," said Fuller Center Executive Director Lee Jeter. "Most people in this income bracket don't have the financial resources for these types of things, so anything we can do to make the process easier is extremely valuable." Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. "Giving back and helping our community is a win-win situation," said Michael Colston, vice president and community development officer at Bonvenu Bank. "Enabling new homeowners to retain their homes and keeping property in families builds generational wealth, and not only helps the families immensely, but also the community as a whole." In 2024, FHLB Dallas and 20 participating members awarded $2 million to 33 organizations in its five-state region. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues. "The Heirs' Property Program funds have been highly sought-after," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "So much so that we've added an additional $1 million to our offering in 2025." Learn more about the FHLB Dallas Heirs' Property Program. About Bonvenu Bank Bonvenu Bank is a community bank in Louisiana that offers a variety of banking services for individuals and businesses. Formerly Citizens National Bank, Bonvenu Bank was established in 1985, and has 14 full-service branch locations throughout Louisiana. Committed to offering an elevated banking experience, Bonvenu strives to build a prosperous future for the communities it serves. Bonvenu Bank has been a leading financial partner for businesses and individuals in Northwest Louisiana for 40 years. 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 $129.4 billion as of September 30, 2024, is a member-owned cooperative that 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Sign in to access your portfolio
Associated Press
11-02-2025
- Business
- Associated Press
Media Advisory: FHLB Dallas and Bonvenu Bank Award $50K in Grants to Two Baton Rouge Nonprofits
BATON ROUGE, La.--(BUSINESS WIRE)--Feb 11, 2025-- Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bonvenu Bank will award $50,000 in Heirs' Property Program grants to EnvisioNBR and the Bridge Agency. The funds will help both organizations provide education and awareness about executing wills and property financial literacy. The media is encouraged to attend the check presentation, which will include representatives from the banks and the organizations. Learn more about the FHLB Dallas Heirs' Property Program. WHEN: 10:00 a.m., February 12, 2025 WHERE: Bonvenu Bank Bonvenu Bank 10725 Perkins Road Baton Rouge, LA 70810 Parking is available onsite and across the street. ATTENDEES: Michael Colston, Bonvenu Bank Ashlé Young, EnvisioNBR Nicole Scott, The BRidge Agency Bruce Hatton, FHLB Dallas View source version on Federal Home Loan Bank of Dallas (214) 441-8445 KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA SOURCE: Federal Home Loan Bank of Dallas Copyright Business Wire 2025. PUB: 02/11/2025 06:45 AM/DISC: 02/11/2025 06:45 AM
Yahoo
06-02-2025
- Business
- Yahoo
Media Advisory: FHLB Dallas and Bonvenu Bank Award $50K in Grants to Two Baton Rouge Nonprofits
***10:00 a m., February 12, 2025, 10725 Perkins Road, Baton Rouge, LA, 70810*** BATON ROUGE, La., February 06, 2025--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bonvenu Bank will award $50,000 in Heirs' Property Program grants to EnvisioNBR and the Bridge Agency. The funds will help both organizations provide education and awareness about executing wills and property financial literacy. The media is encouraged to attend the check presentation, which will include representatives from the banks and the organizations. Learn more about the FHLB Dallas Heirs' Property Program. WHEN:10:00 a.m., February 12, 2025 WHERE:Bonvenu Bank10725 Perkins RoadBaton Rouge, LA 70810 Parking is available onsite and across the street. ATTENDEES: Michael Colston, Bonvenu Bank Ashlé Young, EnvisioNBR Nicole Scott, The BRidge Agency Bruce Hatton, FHLB Dallas View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445
