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FHLBank Pittsburgh Announces 2024 Annual Member Award Recipients
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The Federal Home Loan Bank of Pittsburgh (FHLBank) has announced the recipients of its 2024 Annual Member Awards. The Diversity, Equity, and Inclusion Membership Award was given to CNB Bank for their comprehensive DEI initiatives, including programs supporting veterans, women business owners, and underbanked populations. CNB Bank also has robust internal DEI programming.
The Pillars of the Community Awards were granted to First Commonwealth Bank and Wayne Bank. First Commonwealth Bank has supported 40 affordable housing projects since 2017 and assisted 100 first-time homebuyers in 2023. Wayne Bank has funded 21 projects through the Home4Good program and supports commercial rental developments and small businesses.
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CNB Bank received the Diversity, Equity, and Inclusion Membership Award for impactful DEI initiatives.
First Commonwealth Bank supported 40 affordable housing projects since 2017.
First Commonwealth Bank assisted 100 first-time homebuyers in 2023.
Wayne Bank funded 21 projects through the Home4Good program.
Wayne Bank supports small businesses with innovative banking technologies and tools.
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PITTSBURGH--(BUSINESS WIRE)--
The Federal Home Loan Bank of Pittsburgh (FHLBank) announced the 2024 winners of its Diversity, Equity and Inclusion Membership Award and the Pillars of the Community Awards. These awards are being presented to the recipients in person during the month of June.
Diversity, Equity and Inclusion Membership Award
This award celebrates FHLBank member financial institutions that have implemented or supported impactful, innovative diversity, equity and inclusion (DEI) initiatives or programs in their communities. Being selected for this award also endeavors to inform and inspire other financial institutions to enhance their commitments to DEI work in their communities. This year’s winner is CNB Bank, headquartered in Clearfield, Pennsylvania.
CNB Bank focuses on integrating diversity and inclusion into every facet of their business. CNB Bank’s commitment is demonstrated through various programs, including the At Ease Program, Impressia Bank, BankOnWheels and the Parade Street Financial Education Center initiative. These programs support veterans, women business owners and underbanked populations.
In addition to their external DEI work, which is being celebrated by this award, CNB Bank also has robust internal DEI programming. Their DEI Committee, LGBTQ and BIPOC groups collaborate to provide employees with education and trainings on subjects related to building an inclusive workforce culture and celebrating diversity.
Pillars of the Community Awards
These awards are presented to member financial institutions that have demonstrated an outstanding commitment to community development. Awardees have also demonstrated exemplary efforts and effective use of FHLBank’s community products. This award is FHLBank’s highest organizational honor and is presented annually to select FHLBank members in recognition of their commitment to community revitalization. This year’s winners are First Commonwealth Bank and Wayne Bank.
Headquartered in Indiana, Pennsylvania, First Commonwealth Bank’s mission is to improve the financial lives of their neighbors and local businesses. Through the Affordable Housing Program, First Commonwealth Bank has been able to support 40 successful projects, since 2017, to create, rehabilitate and preserve hundreds of units of affordable housing. In 2023, they served 100 first-time homebuyers with nearly half-a-million dollars in down payment and closing cost assistance through First Front Door (FFD). Their support of the Home4Good program has helped to fund 25 projects across several counties in 2023, providing people with home security.
Wayne Bank, headquartered in Honesdale, Pennsylvania, is committed to providing their communities with innovative banking technologies and tools. Wayne Bank has been able to fund four households utilizing FFD and support 21 projects with Home4Good. Using the Community Lending Program, they created commercial rental developments and a hotel. Wayne Bank also supports small businesses in their region through Banking on Business and the Banking On Business Inclusion and Equity fund.
About CNB Bank
CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.8 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, three loan production offices, one drive-up office, one mobile office, and 54 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Worthington, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.
About First Commonwealth Bank
First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 126 community banking offices in 30 counties throughout Pennsylvania and Ohio, as well as business banking centers in Harrisburg and Pittsburgh, Pennsylvania, and Canton, Cincinnati, Cleveland and Columbus, Ohio. The company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Lewis Center, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com.
About Wayne Bank
Wayne Bank is a subsidiary of Norwood Financial Corp, Member FDIC, Equal Housing Lender, and is located in Honesdale, Pennsylvania. The Bank has 29 Community Offices serving Wayne, Pike, Monroe, Lackawanna, and Luzerne Counties in Pennsylvania, along with Delaware, Sullivan, Otsego, Ontario, and Yates Counties in New York, including those offices operating under the Bank of Cooperstown and Bank of the Finger Lakes brands. The stock trades on the NASDAQ Global Market under the symbol— NWFL. Learn more by visiting https://wayne.bank/.
About FHLBank Pittsburgh
FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Learn more by visiting www.fhlb-pgh.com.
