Stockman Bank Partners with FHLB Des Moines to Award $685,942 in Affordable Housing Program Grants to 11 Montana Organizations

Stockman Bank, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that 11 Montana organizations were chosen to receive affordable housing and community development grants to help Montana families find a safe and affordable place to call home. The grants, totaling $685,942 dollars, were made possible through FHLB De Moines' Member Impact Fund. Through the Fund, money donated by Stockman Bank was matched by FHLB Des Moines, up to three dollars for every dollar provided, resulting in the following grants:

"As a Montana, family-owned, community bank, we believe quality, affordable homeownership is key to ensuring our communities continue to grow and prosper," said Bill Coffee, CEO of Stockman Bank. "These organizations make a significant difference in our state, and we appreciate FHLB Des Moines collaborating with us to provide much needed funding to their programs."

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 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 is designed to help our members champion the organizations that make a real difference in their communities," said Kris Williams, president and CEO of FHLB Des Moines. "By partnering with our members, we're able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve."

Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding-reflecting the organization's strong commitment to partnership and impact.

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. We 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 additional information about FHLB Des Moines, please visit https://www.fhlbdm.com.