F.N.B. Commits $1MM to COVID-19 Relief Efforts

F.N.B., parent company of First National Bank, committed $1 million to its foundation in support of COVID-19 relief efforts. Donation funds will be disbursed through the FNB Foundation to local organizations that assist communities and businesses across the bank’s seven-state footprint.

“The financial services industry is essential to aiding our nation in the recovery from this public health crisis. Through our commitment to COVID-19 relief efforts, we will work together with our neighbors to help our communities heal, rebuild and be stronger than ever,” stated Vincent J. Delie, Jr., chairman, president and chief executive officer of F.N.B. and First National Bank.

Among the organizations receiving funds from the FNB Foundation is the Pittsburgh Foundation, which collaborated with other local philanthropies to create the unified Emergency Action Fund, which it now manages. The Action Fund was established to address the region’s urgent coronavirus needs and will award operating grants on a rolling basis to emergency service providers and nonprofit organizations serving on the front lines of recovery.

COVID-19 relief funds from the FNB Foundation reinforce the bank’s long-standing dedication to supporting the customers and communities it serves. Donations will help to provide medical equipment, increase access to food, and support businesses and individuals facing financial hardships as a result of the coronavirus pandemic.

This donation builds on recent actions FNB has taken to support its customers, employees and communities impacted by COVID-19, as well as its intent to participate in the Coronavirus Aid, Relief, and Economic Security (CARES) Act programs, including the new SBA Paycheck Protection Program, implementing additional financial relief programs to assist businesses and customers, administering comprehensive health and safety measures for its employees and allocating up to $1 million in special relief payments to frontline and operations employees.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.