News

Today, the Federal Home Loan Bank of Indianapolis awarded Yolanda Davis, Horizon Bank Vice President and Community Reinvestment Act Officer, with the Community Spirit Award at the Indiana Housing Conference. The Community Spirit Award honors individuals that show an outstanding dedication to affordable housing and community economic development.

Voting for the 2018 FHLBank Indianapolis Director Election is currently open. Voting will close on October 10, 2018 at 5:00 PM EDT. Results of the election are expected to be announced within the following week. Members requiring assistance with the election, please contact the FHLBank Indianapolis Corporate Secretary, Matthew R. St. Louis, at elections@fhlbi.com.

FHLBank Indianapolis recently announced that 11 Indiana and Michigan businesses were awarded the bank’s Elevate Small Business grant. 2018 was the inaugural year for the Elevate program, which saw more than 92 small businesses partner with local financial institutions to compete for grants of up to $25,000 each to use towards capital expenditures, workforce training, and other business needs.

On July 26, FHLBank Indianapolis issued its second quarter 2018 earnings release. Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.50% and 3.60%, respectively. The dividends will be paid in cash on July 27, 2018.

In 2012, bank member Old National Bank and LifeDesigns, Inc. received a $340,000 AHP award to begin construction on the first 25-unit Crawford Apartments building. In 2016, Old National and LifeDesigns were awarded a second AHP grant for phase II of the Crawford Apartments, which would add an additional 36 units. The concept involved collaboration among many service providers to make it work. Residents at Crawford can take advantage of support services that include on-site case management, recovery from addiction, and life skills education.