Recognition for Excellence in Small Dollar Lending to African American Borrowers
We were honored to be recognized by the Pittsburgh Community Reinvestment Group (PCRG) for Excellence in Small Dollar Lending to African American Borrowers category for large banks.
PCRG is a nonprofit membership organization of community development corporations (CDCs), community-based organizations (CBOs) and community service groups in western Pennsylvania that work to ensure that the region has one voice in organizing for equity in financial lending practices, land use and vacant property, transit and infrastructure.
The 2024 honor we received is given to the bank with the best performance in lending to African-American borrowers for all loan purposes with individual loan amounts under$100,000, and is based on originations, origination rates and dollars lent.
Pillars of Community Award
We were also selected as the recipient of the Federal Home Loan Bank of Pittsburgh’s 2024Pillars of Community Award.
The award, FHLBank’s highest organizational honor, is presented annually to member financial institutions that have demonstrated an outstanding commitment to community development and have also demonstrated exemplary efforts and effective use of FHLBank’s community products.
Through the Affordable Housing Program, we have been able to support 40 successful projects since 2017 to create, rehabilitate and preserve hundreds of units of affordable housing. The award was based on 2023 data, where we served 100 first-time homebuyers with nearly half-a-million dollars in downpayment and closing cost assistance through First Front Door (FFD), and our support of the Home4Good program helped to fund 25projects across several counties.
