Pittsburgh-based F.N.B. Corporation, a financial services company operating in seven states and the District of Columbia, recently launched a nearly $50 million community development initiative.
The FNB Main Street Revitalization Program’s first project will be in Greenville where the company will renovate its First National Bank of Pennsylvania branch.
“FNB is making a commitment to rural and historic business districts because we believe it is time for companies to take action to drive prosperity in these important communities that in many cases lack investment,” said Vincent J. Delie Jr., F.N.B. Corporation and First National Bank of Pennsylvania chairman, president and CEO. “By beautifying historic facades, we can use local appeal to promote tourism and accelerate business formation. We are taking the lead to improve our own branches, deploy much-needed capital and create environments where both businesses and residents can benefit from improved economic prospects.”
The company will invest approximately $15 million in the rehabilitation and restoration of several historic FNB branches.
Small businesses will have access to a low-interest loan program that will deploy more than $30 million in financing.
A small-business grant program, administered by the Pittsburgh History & Landmark Foundation, will support qualifying small-business facade improvements.