Neighborhood Allies Co-hosts Top Banking Regulators and Area BanksLeave a Comment
On Wednesday March 1st, along with partners from Federal Deposit Insurance Corporation (FDIC), Federal Home Loan Bank (FHLB) and Office of the Comptroller of the Currency (OCC), we convened Pittsburgh-based financial institutions to discuss economic inclusion and asset building for low- and moderate-income families.
During an interactive two-and-a-half-hour session, over 20 local bank representatives were provided the opportunity to learn about and explore opportunities for financial institutions to support financial inclusion for low- and moderate-income families in Southwestern Pennsylvania.
John Bendel, the Director of Community Investment at FHLB Pittsburgh welcomed our guests and kicked off the conversation, providing an overview of the morning’s agenda and guest speakers which included representatives from FDIC, FHLB, Neighborhood Allies, BankOn Greater Pittsburgh and OCC.
“FHLB is excited to partner with Neighborhood Allies to explore innovative financial services that help build assets and wealth in our low-income communities. This was a great opportunity to encourage our member banking partners and regulators to join us.”
The session began with a presentation from Lee Ann Antol, Community Affairs Specialist at FDIC, where she gave an overview of their five key opportunities for engagement and investment in communities. Laura Rye, Community Investment Relationship Manager at FHLB Pittsburgh followed, also presenting products and programs for community investment including their Banking on Business and Blueprint Communities programs.
The session continued with a presentation from Neighborhood Allies’ own, Sarah Dieleman Perry, on the need for asset-building in Pittsburgh and an overview of the role, achievements and goals of our local network of Financial Opportunity Centers (FOCs), which is a national model from our partners at LISC. Wrapping up the day, was Victoria Goins from BankOn Greater Pittsburgh and Genieve Chow from OCC, who presented areas for potential positive Community Reinvestment Act (CRA) consideration, as well as the new CRA Q&As.
John Bendel ended the session, encouraging all participants to continue this conversation and proactively work together to make investments, help low-and-moderate-income families build assets, and promote financial inclusion across Pittsburgh.
Thank you to FHLB for graciously hosting this event and to all of our speakers and bankers for participating in and contributing to this important conversation!