DALLAS -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce it has awarded Land of Enchantment Mobile Home Supply a $6,750 economic development grant through Century Bank in Santa Fe, New Mexico.

The grant was awarded under FHLB Dallas's EDPPlus program, which operates through member financial institutions on a noncompetitive, first-come, first-served basis, and offers grant money in conjunction with a favorably priced loan for the development of local business in underserved or revitalized areas. An EDP loan was issued through Century Bank, allowing Land of Enchantment to qualify for the accompanying grant.

Land of Enchantment owner Danny Montoya said the grant was used to cover expansion costs.

"It's going to help quite a bit because I had a little extra money, but the building itself is going to need more, so it will work out perfect for us," Mr. Montoya said. "Once we get it all done, we can hire at least one or two more people."

Mr. Montoya learned of the grant through Century Bank. More than $61,000 in EDPPlus grants have been issued through Century Bank to small businesses this year.

"We are committed to helping our small business customers. The FHLB Dallas grants, combined with the Small Business Administration programs, are a great opportunity for qualified businesses. It is truly a pleasure to assist and strengthen our communities," says David Valdez, Vice President of Commercial Lending at Century Bank.

Land of Enchantment sells RV and mobile home supplies. Mr. Montoya started the company about 17 years ago after retiring from the state highway department.

About 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 $68.7 billion as of March 31, 2009, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the FHLB Dallas web site at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013

About Century Bank

Established in 1887, Century Bank is a locally owned community bank that offers a full range of quality banking products and services to businesses and residents of New Mexico. For more information, visit the Century Bank's web site at centurynetbank.com.

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

          Century Bank
          David Valdez
          (877) 424-2828
          www.centurynetbank.com