BRYN MAWR, Pa.--(BUSINESS WIRE)--The Bryn Mawr Trust Company 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.
Bryn Mawr Trust received the award at one of FHLBank’s regional member outings. John Bendel, FHLBank director of community investment, spoke at the event about the bank’s community achievements. Francis J. Leto, Bryn Mawr Trust’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 Bryn Mawr Trust’s behalf to Baker Industries Inc., a nonprofit work rehabilitation program for vulnerable adult populations.
An active member of the FHLBank cooperative, Bryn Mawr Trust has taken advantage of the Community Lending Program, channeling $3.24 million in low-cost loans in 2014, and nearly $13 million to date, to support community projects and organizations. 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.
“We are proud to have an organization like Bryn Mawr Trust as part of our membership cooperative,” said Winthrop Watson, FHLBank’s president and CEO. “The organization continues to demonstrate a commitment to improving the communities in its footprint every day by actively supporting community lending and affordable homeownership.”
About Bryn Mawr Trust Company
Since 1889, the professionals at Bryn Mawr Trust have focused on helping individuals, families, businesses and organizations create, manage, preserve and transfer wealth. The bank has 19 branches in Pennsylvania and Delaware. For more information, visit bmtc.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.