Southside First Receives Partnership Grant from Jefferson Bank and FHLB
SAN ANTONIO–(BUSINESS WIRE)–Southside First, an initiative of the South San Antonio Chamber of
Commerce Foundation designed to promote economic development and
community leadership in South San Antonio/Bexar County, was awarded
$16,000 in Partnership Grant Program (PGP) funds from Jefferson Bank and
the Federal Home Loan Bank of Dallas (FHLB Dallas).
Local dignitaries joined bank and nonprofit representatives at a
ceremonial check presentation yesterday to announce the funds.
The grant will support Southside First’s programs and enable the
nonprofit to provide training to small businesses and promote economic
development. Southside First’s programs include a small business
workshop which shows would-be entrepreneurs basics such as how to create
a business plan and listing one’s business in online search directories.
Another program benefiting from the funds is Southside Success Series, a
peer-to-peer learning and question-and-answer session designed to
inspire community members with their neighbors’ success stories.
“We partner with various nonprofits to bring small businesses to
Southside San Antonio,” said Andrew Anguiano, executive director of
Southside First. “The funds help us bring economic influencers into the
same room to discuss what are the major drivers of the local economy. We
need them to have these conversations for real change to happen.”
This is the nonprofit’s first PGP award.
“Helping organizations like Southside First develop the local economy
through the PGP is very gratifying and we hope to continue our
partnership with FHLB Dallas,” said Jefferson Bank Vice President of
Compliance and Community Development Officer Hazel Davis.
Through this unique grant program, FHLB Dallas member institutions
contribute $500 up to $4,000 to a community-based organization (CBO),
which FHLB Dallas matches at a 3:1 ratio to provide the CBO up to
$12,000 in grant money.
For 2018, FHLB Dallas has awarded $300,000 in PGP funds through 31
member institutions to assist 32 community-based organizations. Combined
with the $114,010 contributed by FHLB Dallas members, a total of
$414,010 has been awarded to the organizations.
“The Partnership Grant Program boosts our members’ relationships with
community-based organizations because it gives them an opportunity to
provide an additional investment in the community in which they live and
serve,” said FHLB Dallas First Vice President and Director of Community
Investment Greg Hettrick. “In effect, the partnership breeds positive
economic change in the community.”
Mr. Anguiano said the grant funds validate his team’s hard work with
“It means a lot to us that Jefferson Bank showed that they believe in us
and were willing to bring in FHLB Dallas on it, too,” said Mr. Anguiano.
“We’re working really hard to make change and to have that support from
all these partners, it quantifies it for us.”
About Jefferson Bank
Jefferson Bank is a family-owned community bank, with three generations
actively involved in serving communities in San Antonio and surrounding
areas. For over 70 years, we have created an elite team of highly
skilled, family-oriented and civic-minded individuals who contribute to
the Bank’s continuing success. We are proud to be known as one of Texas’
most respected independent banks, offering superior banking, mortgage,
trust, wealth management and insurance services. To learn more about
Jefferson Bank visit: jeffersonbank.com
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 $75.9 billion as of June 30, 2018, is a member-owned
cooperative that supports housing and community development by providing
competitively priced advances and other credit products to approximately
825 members and associated institutions in Arkansas, Louisiana,
Mississippi, New Mexico and Texas. Visit fhlb.com
for more information.
Federal Home Loan Bank of Dallas