RNB State Bank awards more funds

RNB State Bank, in partnership with Federal Home Loan Bank of Des Moines, is pleased to announce that 7 Carbon County organizations will receive $18,062 in grant funds from the FHLB Des Moines Member Impact Fund. This matching grant program, which was introduced in 2023, provides up to $15 million to eligible organizations in order to strengthen communities in targeted areas of the FHLB of Des Moines district.

"We've always taken pride in giving back to the community and supporting our local organizations. What makes Carbon County a great place to live is the people. We want them to know that their success is our priority," said RNB State Bank Rawlins Market President Sabrina Hamby. "As we approach our 125th anniversary serving Carbon County, we feel the same sense of responsibility that we always did, to build and grow a strong community."

RNB State Bank Saratoga Market President Tami Fager added, "We value our relationships with these organizations. They are the heart of the community."

RNB State Bank is a proud sponsor of Wee Folks Place Day Training & Developmental, Inc., Valley Village Childcare, ExCEL Preschool, Carbon County Senior Services, Inc., Memorial Hospital of Carbon County Foundation, City of Rawlins - Rawlins Family Recreation Center and First United Methodist Church of Rawlins, Wyoming – Preschool. Each local organization contributes to the Carbon County community providing vital services to residents. The partnership with RNB State Bank is dedicated to affordable housing and community development initiatives.

FHLB Des Moines provides funding solutions and liquidity to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund gives more than $2 for every $1 of an eligible FHLB Des Moines member's grant donation to strengthen the ability of not-for-profits or government entities to serve their communities with affordable housing or community development needs.

"FHLB Des Moines is very pleased to partner with RNB State Bank through the Member Impact Fund. The fund enables our members to connect directly with local organizations who matter to them, creating value and lasting impact in their own communities," said Kris Williams, president and CEO of FHLB Des Moines. "The commitment of members like RNB State Bank, and their connections to Carbon County's local organizations, help advance the good work being done in its community."

Grant recipients were selected based on the needs for funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs. RNB State Bank submitted the applications in March and April 2023 and distributed the grants along with matching funds to the Carbon County recipients in June.

The Member Impact Fund matching program is available to organizations located in Hawaii, Idaho, Utah, Wyoming, Guam, American Samoa and the Northern Mariana Islands.