BETHLEHEM, Pa.--(BUSINESS WIRE)--Univest Bank and Trust Co. 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.
Univest Bank and Trust 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. Jeff Schweitzer, Univest’s CEO, accepted the award.
As part of the award, FHLBank also presented a $1,000 check on Univest’s behalf to Bridge of Hope (Lancaster and Chester Counties Region), which engages in ending homelessness for families, primarily comprised of single mothers and their children.
An active member of the FHLBank cooperative, Univest Bank and Trust has secured funding from FHLBank Pittsburgh’s Affordable Housing Program to ensure decent homes for lower-income families and individuals. Using the First Front Door product, which provides down payment and closing cost assistance to qualified first-time homebuyers, Univest made it possible for 55 families to become first-time homeowners in 2016. The bank has also channeled funding from the Banking On Business product to help small businesses get off the ground and grow.
“Univest Bank and Trust is wholly committed to helping communities become better places to live and work, as witnessed by its support of affordable housing, local businesses and first-time homebuyers,” said Winthrop Watson, FHLBank’s president and CEO. “We are proud to have Univest Bank and Trust as part of our membership cooperative.”
About Univest Bank and Trust Co.
Univest Corporation of Pennsylvania (UVSP), including its wholly owned subsidiary, Univest Bank and Trust Co., has approximately $4.3 billion in assets and $3.3 billion in assets under management and supervision through its Wealth Management lines of business. Headquartered in Souderton, Pa., and founded in 1876, the corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland and online at www.univest.net.
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 one of 11 banks in 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.