THE WOODLANDS, Texas, May 19, 2022 /PRNewswire/ — Woodforest National Bank® has been selected as a recipient of the 2022 Cornerstone Award by the Texas Bankers Foundation for its Community Investment Program Grant Support with the Federal Home Loan Bank of Dallas (FHLB Dallas). The honor was announced at the Texas Bankers Association’s 137th Annual Convention during a special awards luncheon.
“It is our great pleasure to recognize Woodforest National Bank. These awards celebrate the banks and bankers who have made a commitment to positively impact their communities,” said Chris Furlow, president & CEO of the Texas Bankers Association. “We are honored to congratulate them on their efforts.”
The Texas Bankers Foundation honored Woodforest for its grant work in 2021. Woodforest teamed up with FHLB Dallas to provide grants totaling nearly $332,000 to low-income residents affected by disabilities and FEMA-declared disasters in four Texas cities: Beaumont, Houston, Dallas, and Refugio. These grants support repair and rehabilitation efforts for recipients. Plus, the rehabilitations included hiring local small business minority-owned contracting firms and often local small business minority inspection companies to provide services for the projects supporting over 70 jobs across Texas.
“Disaster recovery and revitalization and stabilization are key components of our community development strategy and supporting affordable housing and other initiatives that preserve homeownership is important to us. We value the opportunity to work with FHLB Dallas by connecting them to community partners to provide grants that assist low-income homeowners continuing to struggle in times of hardship across the communities we serve,” said Jay Dreibelbis, President and CEO, Woodforest National Bank.
For further information about the Texas Bankers Foundation, visit www.texasbankers.com/Foundation and check out Texas Banking Magazine, the official publication of the Texas Bankers Association,…