Border Bank in Middle River, Minnesota partners with Federal Home Loan Bank of Des Moines to award $10,000 to the Middle River Legacy Center through the Member Impact Fund

Middle River, Minnesota:  Border Bank, in partnership with Federal Home Loan Bank (FHLB) of Des Moines, is pleased to announce the Middle River Legacy Center has been awarded a $10,000 grant from the FHLB’s Member Impact Fund. The grant program supports affordable housing and community development.

The $10,000 grant will be used to help enhance the Legacy Center’s playground and the Pastor Mary Lundquist Memorial Shelter.

“Border Bank is a proud supporter of the Middle River Legacy Center. Thanks to the collaboration with former First National Bank of Middle River owner Curt Neumann, the bank submitted the grant request to FHLB Des Moines’ Member Impact Fund with a pledge of $2500, which was used to leverage a $7500 contribution from the FHLB,” said Josh Smith, Market President of Border Bank in Middle River. “We are grateful to FHLB for approving our request and partnering with us to improve the quality of life for Middle River area residents and those visiting our area.”

FHLB Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund provides FHLB Des Moines members up to $3 for every $1 in matching grant donations to strengthen the ability of not-for-profits or government entities to support the needs of their communities.

“The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development,” says Kris Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships centered around improving local communities in such a variety of ways.”

Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs including job training, affordable housing, financial literacy, food banks and youth programs.

This member matching grant program is part of FHLB Des Moines’ ongoing mission to offer a variety of funding options through its members.

Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines. Member institutions apply and receive Member Impact Fund matching grants to be distributed to eligible organizations alongside their own grant contribution.

Border Bank was established in 1935, and has two branches in Fargo, and nine branches throughout Minnesota, including Coon Rapids, Greenbush, Thief River Falls, Middle River, Badger, Roseau, Baudette, International Falls and Clearbrook. In addition, Border Bank owns Northern Ag, an insurance agency providing crop and livestock insurance, commodity marketing advisory and brokerage services.

_{Pictured: Board Members of the Middle River Legacy Committee with Border Bank Staff - L to R: Tammy Johnson, Janie Brandon, Josh Smith (Market President, Border Bank) Deb Zak, Jean Beito (Border Bank), Rachel Bukowski (Border Bank), KayDell Super}

About Federal Home Loan Bank of Des Moines

The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. They work together with over 1,200 member institutions to support affordable housing, economic development and community improvement.

FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For more information about FHLB Des Moines, visit www.fhlbdm.com