LANCASTER, PA – July 24, 2013 – (RealEstateRama) — Fulton Bank, N. A. was presented today with the prestigious Federal Home Loan Bank of Pittsburgh (FHLBank) Pillars of the Community Award in recognition of Fulton Bank’s commitment to affordable housing and community revitalization. The Pillars award is FHLBank’s highest organizational honor and is presented annually to select FHLBank members.
Fulton Bank received the award at its headquarters in Lancaster, Pa., during a ceremony attended by the bank’s Board of Directors and staff. At the presentation, John Bendel, FHLBank director of community investment, spoke about Fulton Bank’s community achievements, and Tom Tillett, district chief of staff for U.S. Rep. Joe Pitts, presented the bank with a citation for its commitment to good works in the region. As part of the award, FHLBank also presented a $1,000 check on Fulton Bank’s behalf to the Spanish American Civic Association (SACA), an organization committed to the empowerment of the Latino community and betterment of Lancaster and the surrounding areas. Carlos Graupara, Fulton Bank board member and SACA president, was in attendance to receive the check.
An active member of the FHLBank cooperative, Fulton Bank has promoted close to 50 housing projects receiving FHLBank Affordable Housing Program grants, which have provided over $9 million in funding for affordable housing projects, creating more than 1,300 housing units for low-income families.
Fulton Bank has also used FHLBank’s Community Lending Program to channel $19 million dollars in low-cost loans to support several community projects, and taken advantage of FHLBank’s First Front Door program, providing more than $500,000 to date in down payment and closing cost assistance to qualified first-time homebuyers.
“We are proud to have an organization like Fulton Bank as part of our membership cooperative,” said Winthrop Watson, FHLBank’s president and CEO. “Fulton continues to demonstrate a commitment to improving the communities in its footprint every day by actively supporting affordable housing, local causes and community projects, including homes for older adults and the disabled, and a recreation center.”
About Fulton Bank
Fulton Bank has been a vital part of the growth and development of south central Pennsylvania, providing strength and support to its community since 1882. As one of the leading financial institutions in its region, Fulton provides consumer retail and business customers with the best in banking services and products, investment management and trust services. Fulton is a full-service commercial bank operating 116 offices and 132 ATMs. Its community-oriented style of banking and commitment to its customers enables the bank to provide the flexibility and timely response customers need, helping it sustain mutually satisfying, long-term banking relationships. This philosophy continues as Fulton grows in meeting consumer and corporate banking needs in Delaware, Pennsylvania and Virginia.
About FHLBank Pittsburgh
FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs so members can better serve their own communities. FHLBank Pittsburgh is privately capitalized and funded and does not use taxpayer dollars. At March 31, 2013, it had 293 members in its district of Delaware, Pennsylvania and West Virginia and approximately $60 billion in assets. FHLBank Pittsburgh is one of 12 Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage and community development activities of local financial institutions.
Terri McKay, FHLBank Pittsburgh, 412-288-2830,
Julie Massing, Fulton Bank, 717-291-2831,