NSB & FHLB Awards $82,000 in funds to local organizations

May 6, 2025

 
Napoleon, IN – April 17, 2025
The Napoleon State Bank, a member of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded $27,500 to three local organizations Speranza Inc., New Horizons,  and LifeTime Resources totaling $82,000 in grant funds through the Community Multiplier – Member Match Program.
 
The first $27,500 grant has been awarded to Speranza to enhance its support services for women in recovery. The funding will provide residential and non-residential program scholarships, along with post-program assistance such as vouchers for rent, security deposits, and utility startup costs—critical resources that help graduates overcome housing barriers during their transition to independence. Speranza is a residential recovery home located in Greensburg, IN, dedicated to empowering women recovering from drug and alcohol addiction by equipping them with the tools needed to achieve lasting sobriety and build happy, healthy, and self-sufficient lives.
 
The second $27,500 grant has been awarded to New Horizons Rehabilitation, Inc. located in Batesville, IN and provides stable, safe and secure housing for individuals with developmental disabilities. New Horizons operates 10 homes across Southeastern Indiana. Funds from this grant will help with essential home repairs within the community living homes where their services are offered.
 
The third grant of $27,500 has been awarded to LifeTime Resources, Inc., located in Dillsboro, IN. LifeTime Resources is dedicated to promoting housing stability and overall well-being for older adults and individuals with disabilities, serving the counties of Dearborn, Jefferson, Ripley, Ohio, and Switzerland. Funds from this grant will help expand and enhance their efforts of safe housing and supportive services these individuals need to thrive. 
“We are proud to support Speranza, New Horizons Rehabilitation, and LifeTime Resources through the FHLBank Indianapolis Community Multiplier – Member Match Program,” said Joe Moorman, President of The Napoleon State Bank. “These organizations are making a tangible difference in our communities, and this funding helps them continue their essential work of providing stability, dignity, and hope to those they serve.”
 
The Community Multiplier – Member Match program is FHLBank Indianapolis’ newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis’ other grant programs. Community Multiplier offers grants between $25,000 and $125,000 for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000. The program opened March 27, 2025, with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted.
 
Federal Home Loan Bank of Indianapolis: Building Partnerships. Serving Communities. FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members' customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.
 
The Napoleon State Bank has been locally owned since 1903 and serves the Ripley and Decatur counties of Southeastern Indiana with seven locations in Napoleon, Holton, Osgood, Milan, Greensburg and Westport. The mission of The Napoleon State Bank is to remain a locally owned financial institution, dedicated to providing a broad range of services to our customers and communities, through friendly, trained, qualified staff that provide unsurpassed personal service to our customers. The Napoleon State Bank has a total of 90 full and part-time employees. Member FDIC & Equal Housing Lender.