F.N.B. Corporation Launches $50 Million Initiative for Economic Growth in Historic Communities

F.N.B. Corporation's Commitment to Community Development

In a major announcement on June 24, 2025, F.N.B. Corporation, the diversified financial services company based in Pittsburgh, revealed its bold plan to invest nearly $50 million into rural business districts and historic neighborhoods through the FNB Main Street Revitalization Program. This initiative is designed to enhance community aesthetics, stimulate economic activity, and promote local businesses, particularly in areas that historically have faced investment challenges.

The program consists of three key components aimed at revitalizing these neighborhoods:

1. Small Business Grant Program: In partnership with the Pittsburgh History Landmark Foundation (PHLF), F.N.B. will allocate $1 million dedicated to aiding qualifying small businesses in improving their facades. This grant program not only helps the businesses financially but also offers technical assistance to ensure that any renovations meet the standards set out for historic properties.

2. Low-Interest Loan Program: To further support small businesses, F.N.B. is launching a proprietary loan scheme. With expectations to dispense more than $30 million, the low-interest loans will aid in financing various business projects, aligning financial support with the program's goals of fostering economic growth in local communities.

3. Renovation of Historic Branches: An investment of around $15 million will be made for the rehabilitation and restoration of several of F.N.B.’s historic branch locations. The first project will be the renovation of the bank’s iconic Greenville branch, originally founded in 1864 but significantly altered over time. The plan includes restoring the building to its 19th-century aesthetic, which will contribute to the town’s charm and potential to attract tourists and businesses alike.

Located in Pennsylvania, Greenville was selected as the program's pilot location due to its rich history and the founding roots of F.N.B. in the area. As part of the initiative, F.N.B. will spearhead renovations that align with historical accuracy, including restoring the original ceiling heights and improving the building's exterior to attract more foot traffic.

Chairman and CEO, Vincent J. Delie Jr., emphasized the company's commitment to rural businesses, stating, "We believe it is time for companies to take action to drive prosperity in these important communities that, in many cases, lack investment. By beautifying historic facades, we can use local appeal to promote tourism and accelerate business formation."

The program also highlights the importance of aligning economic growth with community needs. Grants will be targeted towards exterior improvements that preserve and enhance the unique characteristics of historic properties. For instance, eligible projects may involve masonry repairs, new signage, and other enhancements essential for maintaining the historical integrity of the structures involved.

As part of its outreach, F.N.B. will utilize its eStore digital banking platform, ensuring that the small business grant initiatives reach those who need them most directly. In addition, the company is integrating promotional terms for grant recipients in terms of reduced fees and favorable loan terms.

Michael Sriprasert, president of PHLF, commended F.N.B.'s efforts, noting that their approach enhances existing community resources available for preservation and revitalization. Delie’s engagement in developing the program reflects a proactive approach to community involvement and heritage conservation, ensuring that the character of historic neighborhoods is honored.

The renovation projects will also take advantage of federal and state tax credit programs to support funding efforts, creating a framework that attracts further investments into these communities. Governor Josh Shapiro of Pennsylvania applauded F.N.B.’s initiative, underscoring the significance of investing in local businesses to foster growth and opportunity across the state.

F.N.B. Corporation has a storied history, having been in operation for over 160 years. With $49 billion in total assets and various banking services, its commitment to community development through the Main Street Revitalization Program underscores the vital role of financial institutions in nurturing the places where they operate. As F.N.B. plans to expand this initiative, it hopes to provide more opportunities for localized economic growth and community revitalization throughout Pennsylvania and beyond.

For further updates on F.N.B.'s revitalization efforts and other community investments, please refer to their Corporate Responsibility Report.