DALLAS--(BUSINESS WIRE)--Whether it’s displaced children, the elderly or the working poor, Broadway Bank has made reaching out to people in need a mission of the bank.
In fact, Broadway Bank, through its benevolence, has leveraged more than $3.75 million in Federal Home Loan Bank of Dallas (FHLB Dallas) grant funding over the past 21 years to assist more than 480 families.
Broadway Bank, a member of FHLB Dallas, was honored on October 18 with FHLB Dallas’ 2019 CARE Award (Watch the video). CARE stands for Community Area Revitalization Efforts, and the award recognizes Broadway Bank’s commitment to community investment and revitalization.
“Broadway Bank has been a long-time partner through its support of and participation in many of our grant programs and its commitment to service in the communities it serves,” said FHLB Dallas President and CEO Sanjay Bhasin. “Broadway Bank and its employees have been present, day in and day out, showing what it means to be a good neighbor. We’re proud to award them the 2019 CARE Award.”
As one of two CARE award recipients honored during the FHLB Dallas annual conference, Broadway Bank received $7,500 that it can award to nonprofits of its choosing. It will disburse the funds equally among Boysville, Habitat for Humanity of San Antonio and the George Gervin Youth Center.
“Broadway Bank has been a great partner with us over the years,” said Barbara Hawkins, superintendent and director of the George Gervin Youth Center. “I tell people all the time, that Gervin wouldn’t be what it is today without Broadway.”
In 2013, a $500,000 Affordable Housing Program (AHP) grant was awarded through Broadway Bank to help the Gervin Center build a 62-unit retirement center, one of several Gervin Center projects Broadway Bank has supported over the years.
As a family-owned community bank, Broadway Bank has always believed in community involvement, said Broadway Bank CEO David Bohne.
“The Federal Home Loan Bank of Dallas is an instrumental part of our business model,” Mr. Bohne said. “They give us great opportunities to serve our customers.”
Broadway Bank has used the FHLB Dallas AHP for more than 21 years to assist local nonprofits and to do good in the communities it serves.
Boysville was also awarded a $500,000 AHP grant via Broadway Bank several years ago that enabled the nonprofit to renovate its campus. Boysville serves children who are displaced from family members.
“Without that grant, we would have had to go to several different people to get some help, and I don’t know if we would have actually gotten it,” said Boysville CEO Paula Tucker.
Habitat San Antonio has used Homebuyer Equity Leverage Partnership (HELP) grants to help income-qualified, first-time homebuyers get into a home.
“Habitat loves working with Broadway Bank,” said Stephanie Wiese, vice president of development and communications for the nonprofit’s San Antonio operation. “They have been outstanding partners.”
About Broadway Bank
Headquartered in San Antonio, Broadway Bank was founded in 1941. It has evolved into one of the largest independently owned banks in Texas. Today, Broadway Bank is still privately-owned and offers a full-range of sophisticated financial services, including personal, mortgage, private, business banking, and wealth management. With $3.8 billion in assets, the highly rated Bank operates 35 financial centers in the San Antonio and Austin regions. Visit broadway.bank for more information.
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 $74.5 billion as of June 30, 2019, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 810 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.