DULUTH, MN – June 30th, 2025 – Park State Bank, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), has awarded $560,000 to 34 local nonprofit organizations through the 2025 Member Impact Fund, a matching grant initiative focused on strengthening affordable housing and community development efforts in Minnesota.
FHLB Des Moines provides funding solutions to more than 1,200 member institutions 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 eligible not-for-profits or government entities to support the needs of their communities. Park State Bank committed additional monies above its planned 2025 charitable giving to support this matching grant program.
“As a local community bank, we are absolutely thrilled to be able to give back to our communities and partner with the FHLB of Des Moines. True to our core values and recognizing this unique opportunity we were able to support a wide range of initiatives focused on affordable housing and community development,” said Marci Knight, Chief Marketing Officer at Park State Bank. “This initiative enhances our empowerment of many of the nonprofits we collaborate with and delivers impactful resources to support their work.”
“We are beyond grateful to be able to provide food for our local Two Harbors area families! A special thanks to the partnership of Park State Bank and the Federal Home Loan Bank of Des Moines, for awarding the Two Harbors Food Shelf this grant,” said Sue Johnson, Director of the Two Harbors Area Food Shelf.
“The North Shore Business Enterprise Center is especially grateful to Park State Bank and Kiera Wilson, who have been valued partners for many years. Their recent efforts in security an unexpected $10,000 grant on our behalf went above and beyond, and we sincerely appreciate their continue support,” said Doreen Johnson, Manager.
Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by the FHLB Des Moines.
“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.”
