Red River Bank and Federal Home Loan Bank of Dallas Celebrate $12M in Grants for Affordable Housing, Disaster Recovery and Economic Development

Business Wire

Banks Celebrate Decades-Long Relationship with Multicity Event

METAIRIE, La.--(BUSINESS WIRE)--
The Federal Home Loan Bank of Dallas (FHLB Dallas) and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana.

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FHLB Dallas and Red River joined Divine Touch Community Development Center to celebrate the awarding of $120,000 in Disaster Rebuilding Assistance grants to help Louisiana residents repair storm-damaged homes.

“These grants have allowed us to support affordable housing, help families and businesses rebuild after disasters and invest in long-term economic growth across Louisiana,” said Jannease Seastrunk, senior vice president, community relations & CRA officer of Red River Bank. “Our long-term partnership with FHLB Dallas has been instrumental in turning that commitment into action.”

FHLB Dallas and Red River Bank held a series of ceremonial check celebrations December 8-9 at several locations across Louisiana to celebrate the long-standing relationship.

Grant Highlights:

$6 million through the Affordable Housing Program to expand access to housing
Nearly $800,000 in disaster recovery grants to help families, businesses and communities rebuild after natural disasters
Nearly $1.1 million in FHLB Dallas FORTIFIED Fund grants to strengthen homes against future severe weather events
$2.6 million in down payment assistance through the Homebuyer Equity Leverage Partnership, helping families achieve homeownership
More than $260,000 through the Partnership Grant Program to support nonprofit capacity and community services
$380,800 in Special Needs Assistance Program grants to provide critical home repairs for special-needs households
More than $320,000 from the Pathway Fund to help resolve title and homeownership issues

“This long-standing partnership with Red River Bank exemplifies the power of collaboration in building strong, resilient communities,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “Together, we’ve helped thousands of families access safe, affordable housing and recover from natural disasters while also providing grants to nonprofits and businesses to help communities thrive.”

About Red River Bank

Red River Bank is a Louisiana state-chartered bank established in Alexandria, Louisiana, in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of its commercial and retail customers. Red River Bank operates from a network of 28 banking centers throughout Louisiana and two combined loan and deposit production offices, one each in New Orleans, Louisiana and Lafayette, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans. Red River Bank is a subsidiary of Red River Bancshares, Inc., which trades under the trading symbol RRBI on the Nasdaq Global Select Market. Learn more at www.redriverbank.net.

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 $112.2 billion as of September 30, 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 fhlb.com.