First Commonwealth Bank was selected by the Federal Home Loan Bank of Pittsburgh (FHLBank) as a recipient of its 2024 Pillars of the Community Award. The award is FHLBank’s highest organizational honor and is presented annually to member financial institutions that have demonstrated an outstanding commitment to community development and effective use of FHLBank’s community products.
Through the Affordable Housing Program, First Commonwealth Bank has supported 40 successful projects since 2017, creating, rehabilitating, and preserving hundreds of units of affordable housing. In 2023, it served 100 first-time homebuyers with nearly half-a-million dollars in down payment and closing cost assistance through First Front Door (FFD). Additionally, its support of the Home4Good program helped fund 25 projects across several counties, providing home security to many.
“We are honored to receive this award from such a distinguished organization as the FHLBank Pittsburgh,” said CEO Mike Price. “Our commitment to community development and providing access to capital in new and underserved communities is at the core of our bank’s mission to improve the financial lives of our neighbors and their businesses. I am proud of all our staff who do such a great job for us to earn this recognition.”
Price will receive the award at a recognition event later this month.
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