Oostburg State Bank has selected three local businesses as recipients of $5,000 each in grant funding from the Federal Home Loan Bank of Chicago (FHLBC).

Oostburg State Bank is a member of the FHLBC, a funding source of the bank as well as a partner in their home mortgage lending business. The FHLBC recently created the Targeted Impact Fund, a grant program that provides member institutions funds to support relief for areas hardest hit by the COVID-19 pandemic and promote racial equity in the communities that members serve.

Oostburg State Bank awarded the $5,000 grants to Belgium Livestock, LLC, Vitale Wellness, LLC, and Judi’s Place.

Oostburg State Bank is pleased to serve those most affected by the COVID-19 crisis: organizations that promote equity and opportunity for minority communities, and small businesses such as Minority Business Enterprises and Women’s Business Enterprises.