F.N.B. Corp. in Pittsburgh has invested $1.1 million in Hill District Federal Credit Union in Pittsburgh.
The $44 billion-asset F.N.B. said in a press release that the funds will help Hill District, a minority depository institution, deliver financial services and resources to underserved communities.
The funding, in the form of an equity equivalent investment, is part of a more than $200 million effort by F.N.B. to provide loans, investments and grants in Pittsburgh’s Hill District. F.N.B. will also contribute $100,000 for the credit union to double the size of one of its branches.
The credit union “serves as a lifeline for financial services that provide for housing, education and other needs in this historic community,” Vincent Delie Jr., F.N.B.’s chairman, president and CEO, said in the release.
“Our partnership reflects FNB’s commitment to connect underserved members of our communities with knowledge and banking resources, including products, services and credit, that contribute to financial stability and success,” he added.