MALVERN, Pa.--(BUSINESS WIRE)--Meridian Bank (Meridian) was presented with the prestigious Federal Home Loan Bank of Pittsburgh (FHLBank) 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.
Meridian received the award at one of the FHLBank’s regional member conferences. John Bendel, FHLBank director of community investment, spoke at the event about the bank’s community achievements. Chris Annas, Meridian’s president and CEO, accepted the award on behalf of the bank.
As part of the award, FHLBank also presented a $1,000 check on Meridian’s behalf to Habitat for Humanity of Chester County, which brings people together to build homes, communities and hope to ensure that everyone has a decent place to live. Meridian Bank is an active supporter of the organization.
An active member of the FHLBank cooperative, Meridian has taken advantage of the First Front Door program, helping more than 40 homeowners in 2013 to buy their first homes. Meridian is also active in using the Community Lending Program, channeling $2.5 million dollars in low-cost loans last year to support community projects and organizations.
“Meridian Bank shows that it's dedicated to improving communities every day by actively supporting community projects and helping first-time homebuyers achieve their dream of owning a home,” said Winthrop Watson, FHLBank’s president and CEO. “We are proud to have an organization like Meridian as part of our membership.”
About Meridian Bank
Meridian Bank is a locally owned and managed, state-chartered, commercial bank providing full service banking to businesses, professionals and retail customers in Chester County and Southeastern Pennsylvania, as well as residential mortgages throughout the Tri-State Area and Central Pennsylvania. Meridian offers a complete range of FDIC-insured deposit accounts, credit products and services. For additional information, visit www.meridianbanker.com.
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 December 31, 2013, it had 297 members in its district of Delaware, Pennsylvania and West Virginia and approximately $71 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.