|[March 17, 2014]
Meridian Bank Recognized for Outstanding Community Service, Receives Pillars of the Community Award
MALVERN, Pa. --(Business Wire)--
Meridian Bank (Meridian) was presented with the prestigious Federal Home
Loan Bank of Pittsburgh (FHLBank) 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.
Meridian received the award at one of the FHLBank's regional member
conferences. John Bendel, FHLBank director of community investment,
spoke at the event about the bank's community achievements. Chris Annas,
Meridian'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
Meridian's behalf to Habitat for Humanity of Chester County, which
brings people together to build homes, communities and hope to ensure
that everyone has a decent place to live. Meridian Bank is an active
supporter of the organization.
An active member of the FHLBank cooperative, Meridian has taken
advantage of the First Front Door program, helping more than 40
homeowners in 2013 to buy their first homes. Meridian i also active in
using the Community Lending Program, channeling $2.5 million dollars in
low-cost loans last year to support community projects and organizations.
"Meridian Bank shows that it's dedicated to improving communities every
day by actively supporting community projects and helping first-time
homebuyers achieve their dream of owning a home," said Winthrop Watson,
FHLBank's president and CEO. "We are proud to have an organization like
Meridian as part of our membership."
About Meridian Bank
Meridian Bank is a locally owned and managed, state-chartered,
commercial bank providing full service banking to businesses,
professionals and retail customers in Chester County and Southeastern
Pennsylvania, as well as residential mortgages throughout the Tri-State
Area and Central Pennsylvania. Meridian offers a complete range of
FDIC-insured deposit accounts, credit products and services. For
additional information, visit www.meridianbanker.com.
About FHLBank Pittsburgh
FHLBank Pittsburgh is a wholesale bank that serves the housing finance
and community and economic development needs of its owner-members.
FHLBank Pittsburgh provides reliable access to low-cost funds,
competitive pricing in the purchase of mortgage loans, correspondent
banking, technical assistance, affordable housing grants and other
programs so members can better serve their own communities. FHLBank
Pittsburgh is privately capitalized and funded and does not use taxpayer
dollars. At December 31, 2013, it had 297 members in its district of
Delaware, Pennsylvania and West Virginia and approximately $71 billion
in assets. FHLBank Pittsburgh is one of 12 Banks in the Federal Home
Loan Bank System, established by Congress in 1932 to support the
residential mortgage and community development activities of local
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