Investments in Our Communities | First Commonwealth Bank Skip To Content

Investments in Our Communities

By following our community giving principles to support organizations that are committed to financial education, diversity and inclusion, and are committed to sound financial decision-making, in 2021 we continued to provide community development investment support at the local level totaling $46,000,000 and $2,000,000 in community giving support.

By partnering with our branch managers, business and corporate bankers, and Advisors, Mortgage and Insurance divisions, our teams are making financial giving decisions with the long-term impact in mind. Our teams value the opportunities available in community development relationships that are mutually beneficial and can truly change the trajectory of a community.

Guided By Our Community Giving and Investment Principles

group volunteering at food center

Improve Financial Confidence in Our Communities

Our mission is to improve the financial lives of our neighbors and their businesses, including supporting organizations focused on financial literacy and education.

Employees volunteering at the salvation army

Support Inclusive Organizations that Foster Diversity, Diverse Communities and/or Communities in Need

We are better together, and supporting diversity is not only necessary, but critical for the future of our communities.

Direct Gifts to Enrich Business Relationships

We believe that community giving can create mutually beneficial relationships, and we strive to be a financial partner to the community organizations we support.

Empower our Employees to Make a Difference in Our Communities

Our bankers know their communities, and know where we can make an impact. That's why giving decisions are made locally by local advocates.

Ohio Capital Corporation for Housing, Columbus, Ohio

In 2020, we learned the importance of access to basic resources- food, clothing, and shelter. As the pandemic crept into 2021, a glaring problem became worse in the lack of affordable housing- with home prices increased year over year by 20%. In response to this growing issues, we expanded our investment into affordable housing.

The Ohio Capital Corporation for Housing (OCCH) is a non-profit financial intermediary that works with private and public developers to create affordable housing opportunities using the Low Income Housing Tax Credit program. Since 1989, OCCH has deployed more than $5,000,000,000 in the construction, rehabilitation, and preservation of affordable housing; creating economic opportunities, stable communities and empowering those most in need. We began our partnership with OCCH in 2019,with an investment of $1,500,000. In 2021,we expanded our total investment to $9,500,000.
But we didn’t stop there.

In 2020, we were approached with the Affordable Housing Trust of Columbus and Franklin County around their partnership with the City of Columbus to create the Housing Action Fund, and we're proud of our $1,000,000 investment that will create a permanent fund for creating safe and affordable housing in Columbus.