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Photo Release -- Grocery Store Manager Purchases Store and Adds His Own Touch



Photo Release -- Grocery Store Manager Purchases Store and Adds His Own Touch

HERMITAGE, Ark., Aug. 7, 2013 (GLOBE NEWSWIRE) -- Roger Hoskins had managed
Hermitage Grocery in Hermitage, Arkansas, for eight years, when an opportunity
arose for him to purchase the store.

Hometown Grocery
 A small business development grant from
 Warren Bank & Trust Company and FHLB
 Dallas helped a new grocery store owner
 make improvements to his store.

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=20312

"After working here a year, I told the owner if he ever decided to sell the
store, I wanted to be the first person to try to buy it," said Mr. Hoskins.
Last year the owner did just that.

Mr. Hoskins reopened the grocery store as Hometown Grocery of Hermitage after
shutting down the store just two days to make the transition to ownership. And
with a little help from a small business grant offered by his bank, Warren
Bank & Trust Company, and the Federal Home Loan Bank of Dallas (FHLB Dallas),
Mr. Hoskins was able to add a deli counter that serves fried chicken and other
prepared foods.

"I was talking to my banker about wanting to put in the chicken deli, and
trying to get the loan to pay off the previous owner, and my banker said there
was some grant money that could help me," Mr. Hoskins said.

His banker told him about a specialized small business grant program offered
through the Federal Home Loan Bank of Dallas's Economic Development Program
(EDP). EDP^Plus grants are available through FHLB Dallas member institutions,
such as Warren Bank & Trust Company and are offered in conjunction with EDP
advances. The program provides favorably priced advances to FHLB Dallas member
institutions to support economic development and community revitalization
projects that qualify by location, income, or targeted services. If a member
institution is approved for an EDP advance, the member's customer may then be
eligible for an accompanying EDP^Plus grant.

Mr. Hoskins obtained a loan from Warren Bank & Trust Company, which was funded
by a low-cost EDP advance from FHLB Dallas. In addition, Mr. Hoskins was able
to qualify for an accompanying $25,000 EDP^Plus grant.

"Bottom line, for what it was going to cost me to put in the chicken deli,
receiving the grant funds was a plus," Mr. Hoskins said. "I needed something
to strengthen my base. I had to put in the infrastructure and basically start
from scratch, putting in electrical, Vent-A-Hood fryers, and a display case.
We were looking at another funding route and ended up with the grant and loan.
Warren Bank and Trust has really wonderful people to work with. In my case,
they really took care of me."

The grant for Mr. Hoskins was the first time Warren Bank & Trust Company has
used the EDP^Plus grant program.

"In this economy, any program that can maximize funding options for our
customers is a win-win," said Kelly Ashcraft, senior vice president and chief
operating officer at Warren Bank & Trust Company. "We saw a great opportunity
to use the EDP^Plus grant with Hometown Grocery, and it worked out well for
everyone involved."

Business has been good. Mr. Hoskins has six employees, and he has already made
additional improvements to the store, such as installing more cost efficient
lighting. He plans to continue making improvements to the store, such as
upgrading the equipment and other changes to make the store more modern, he
said.

Going into business for himself, was, as Mr. Hoskins said, "probably the
easiest thing I've ever done considering: No. 1, the grant, and No. 2, the
amount of money I was getting to purchase the store. There was a lot of
paperwork, but outside of that, it was an easy process."

EDP^Plus grants are noncompetitive and available on a first-come, first-served
basis to promote and enhance small business development and job creation in
underserved areas or for underserved populations. FHLB Dallas made $1 million
in EDP^Plus grant funds available in 2013.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the
FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of
$32.7 billion as of June 30, 2013, is a member-owned cooperative that supports
housing and community development by providing competitively priced loans and
other credit products to approximately 900 members and associated institutions
in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more
information, visit the FHLB Dallas website at fhlb.com.

The photo is also available via AP PhotoExpress.

CONTACT: Corporate Communications
         Federal Home Loan Bank of Dallas
         www.fhlb.com
         (214) 441-8445

Federal Home Loan Bank of Dallas Logo
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