First Security Bank partners with Federal Home Loan Bank of Des Moines to award $80,000 to local organizations through the Member Impact Fund

BYRON, MN – First Security Bank of Byron, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), is proud to announce that $80,000 in grant funding from the Member Impact Fund has been awarded to four local organizations: Jeremiah Program Rochester, Byron ISD Impact Fund, Byron Food Shelf, and the Byron Pickleball Courts. This matching grant initiative is part of a broader $20 million commitment by FHLB Des Moines to support affordable housing and community development across Minnesota—highlighting the power of partnerships to drive meaningful, local impact.

“We are honored to play a role in supporting these incredible organizations that are making a real difference right here in our backyard,” said Chris Ryan, President and CEO of First Security Bank. “At First Security Bank, our motto is ‘We Can’—and those two words truly reflect what I love most about being a banker: building relationships and helping people reach their goals. Whether it’s buying a first home, growing a small business, or investing in our community, we’re here to make a difference.”

Ryan added, “That’s why partnerships like the one with the Federal Home Loan Bank of Des Moines matter so much. They show that we are stronger together—and when we collaborate with purpose, we can create lasting, positive change in the communities we proudly serve.”

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 up to $3 for every $1 in 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 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.”

Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs including job training, affordable housing, financial literacy, food banks and youth programs.

This member matching grant program is part of FHLB Des Moines’ ongoing mission to offer a variety of funding options through its members.

Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines. Member institutions apply and receive Member Impact Fund matching grants to be distributed to eligible organizations alongside their own grant contribution.

About First Security Bank

Since 1904, First Security Bank has been a trusted financial partner for individuals, families, and businesses in Byron and the surrounding areas. As a locally owned community bank, we offer a full suite of financial products and services designed to support long-term success at every stage of life.

Our roots run deep—because this is our home, too. Our team lives and works in the communities we serve, and we’re proud to give back by supporting local schools, nonprofits, and community initiatives. At First Security Bank, we’re more than a bank—we’re your neighbors, your partners, and your advocates for a stronger tomorrow. To learn more about First Security Bank please visit www.fsbbyron.com

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 www.fhlbdm.com.