ORANGE, Texas, Sept. 27, 2011 (GLOBE NEWSWIRE) --
Please join representatives from Orange Savings Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) on Thursday, September 29, 2011, as they present a $20,000 Partnership Grant Program (PGP) award to Orange County CHAMPS, Inc. (CHAMPS).
CHAMPS will use the PGP grant toward the costs of day-to-day operations, and to assist with the architectural design and engineering costs associated with an outdoor exposition/event center it is building in Orange, Texas.
Partnership grants are offered through FHLB Dallas's member institutions, such as Orange Savings Bank, to provide funding for the operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches a member's cash contributions to a community-based organization of $500 up to $5,000 at a 3:1 ratio. Through its member institutions, FHLB Dallas awarded $225,000 in partnership grants in 2011.
Representatives from the banks will participate in a short check presentation, and will be available for interviews before and after the event.
| WHEN: | 11:00 a.m., Thursday, September 29, 2011 |
| WHO: | Stephen Lee, President, Orange Savings Bank |
| Gus Harris, President, CHAMPS | |
| Bruce Hatton, Vice President, Affordable Housing Program Manager, FHLB Dallas | |
| Judge Carl K. Thibodeaux, Orange County Judge | |
| WHERE: | Orange Savings Bank |
| 812 N. 16th Street | |
| Orange, Texas 77630 |
The Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013