Investing in Change
We provide critical investments, financial support and partnership to strengthen the diverse communities that we serve.
Real progress takes real commitment
At FNB, our success has always been grounded in our commitment to building strong communities. As we continue to enhance our commitment to diversity, equity and inclusion, we know that making a difference means taking meaningful action to improve the opportunities available to minority groups.
Our goal of driving lasting change underscores our $250 million commitment to help low- and moderate-income (LMI) communities address economic and social inequity. The funding promotes economic investments in underserved communities within our market footprint through support of affordable housing and small business initiatives, workforce and cultural preservation opportunities, financial education programs, community organization partnerships and infrastructure investments. This pledge builds on FNB’s important mandate to support vulnerable and traditionally underserved communities and furthers our mission of improving the quality of life in the communities we serve.
Our strategic approach to community investment has been recognized with an Outstanding rating from the Office of the Comptroller of the Currency (OCC) on our most recent Community Reinvestment Act (CRA) performance evaluation. The rating affirms our performance meeting the credit needs of low- and moderate-income (LMI) individuals as well as our successful deployment of capital and other products and services in the LMI communities we serve.
Expanding with Purpose
Our expansion strategy is purpose-driven. FNB makes sure our growth benefits our regions and has grown regional headquarters and operational centers in diverse urban markets throughout our footprint.
When we named Pittsburgh as our headquarters in 2014, we located the heart of our operations to the North Side, adjacent to historically underserved and LMI neighborhoods, and have continued to invest capital and resources in those communities. In 2016, FNB added an operations and customer service center to the North Side campus, contributing to the hundreds of jobs FNB has added in the city.
We continue to build on our commitment with FNB Financial Center, our new headquarters tower in Pittsburgh’s Hill District neighborhood. As one of only a few public companies in the U.S. to establish its headquarters in a predominantly minority community, FNB Financial Center builds on FNB’s long history of service in the Hill District community, where our total commitment exceeds $200 million in loans, investments and grants.
The iconic 26-story tower is at the heart of one of the largest, most socially responsible urban development initiatives in the country — with requirements for participation by minority business enterprises (30 percent) and women business enterprises (15 percent) that are among the highest levels nationally for projects of its size. With completion anticipated in 2023, the project is expected to serve as the catalyst for the creation of thousands of jobs and nearly one billion dollars in economic expansion that will resonate throughout the Pittsburgh region.
Creating Opportunities
It is our responsibility as a corporate leader and citizen to elevate our communities – especially those that are historically underrepresented or underserved.
Among millions of dollars provided in sponsorships and financial contributions, a few key examples of our focused support include:
- Being the founding sponsor and principal grant provider for the African American Directors Forum, which is designed to improve diversity — particularly African American representation — among the ranks of C-suite executives and board membership of publicly traded companies in the United States.
- Partnering with the Pittsburgh Penguins and the City of Pittsburgh to create a transformational Rec2Tech education facility in the Ammon Recreation Center in the Hill District.
- Making a $600,000 multi-year commitment to the Hill Community Development Corporation through the Pennsylvania Department of Community and Economic Development's Neighborhood Partnership Program.
- Contributing $100,000 to the Hill District Federal Credit Union, a minority depository institution that has served Pittsburgh's Hill District community for the last 50 years.
- Our $250,000 contribution for college tuition through the Pittsburgh Promise, which promotes educational aspirations for urban youth. FNB also served as the principal sponsor for the 2019 fundraising event that raised nearly $5 million.
- Support of Pride events celebrating the LGBTQ+ community through both sponsorships and employee volunteerism in multiple FNB markets.
- Helping to raise in excess of $1 million in support of children with special needs through our long history with the Watson Institute, an educational organization in Western Pennsylvania made up of special education schools, programs and resources.
- Millions of dollars in grants provided to nonprofits and groups serving vulnerable and LMI neighborhoods.
- Thousands of hours of volunteer service by our employees, who work with organizations or programs to assist minority and underserved communities.
- A $2.5 million equity commitment to Black Tech Nation Ventures (BTN.vc), a majority Black-owned venture capital fund based in Pittsburgh, PA. BTN.vc provides funding and resources for Black-led technology startups and firms with diverse founders and teams, with a goal of enabling wealth creation for underrepresented entrepreneurs in FNB’s seven-state footprint and across the United States.