DUNMORE, Pa. – June 3, 2015 – (RealEstateRama) — Fidelity Deposit & Discount Bank was presented today with the prestigious FHLBank Pittsburgh Pillars of the Community Award in recognition of the bank’s commitment to community revitalization. The Pillars award is FHLBank’s highest organizational honor and is presented annually to select FHLBank members.
Fidelity received the award at one of FHLBank’s regional member golf outings. John Bendel, FHLBank director of community investment, spoke at the event about the bank’s community achievements. Timothy O’Brien, Fidelity’s senior executive vice president and chief commercial banking officer, accepted the award on behalf of the bank.
As part of the award, FHLBank also presented a $1,000 check on Fidelity’s behalf to NeighborWorks® Northeastern Pennsylvania, which works to improve the financial stability of families throughout the City of Scranton, Lackawanna County and northeastern Pennsylvania through providing meaningful and effective homeownership services.
An active member of the FHLBank cooperative, Fidelity has taken advantage of the Banking On Business program, channeling over $112,000 in 2014, and more than $2.5 million since the inception of the program, to help small businesses in its footprint. The bank is also an active user of the First Front Door program, which provides down payment and closing cost assistance to qualified first-time homebuyers.
“Fidelity shows that it’s dedicated to improving communities every day by actively supporting local businesses and helping first-time homebuyers achieve the dream of owning a home,” said Winthrop Watson, FHLBank’s president and CEO. “We are proud to have an organization like Fidelity as part of our membership.”
About Fidelity Deposit & Discount Bank
In the more than 100 years since its founding in 1903, many things have evolved at Fidelity. Whether it was introducing the region’s first drive-through bank window in 1951 or the green branch in West Scranton in 2008, Fidelity has always kept moving forward. Today, with 11 Pennsylvania branches located throughout Lackawanna and Luzerne Counties, Fidelity Bank offers full-service trust and investment departments, a mortgage center, and an array of personal and business banking products and services. To learn more, visit www.bankatfidelity.com.
About FHLBank Pittsburgh
As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and economic growth in all economic cycles. To learn more, visit www.fhlb-pgh.com.
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Contact: Terri McKay, FHLBank Pittsburgh, 412-288-2830,
Patty DeScipio, Fidelity Deposit & Discount Bank, 570-504-8083,