MALVERN, Pa.–(BUSINESS WIRE)–Peoples Security Bank & Trust Company was presented today with the
prestigious FHLBank Pittsburgh Pillars of the Community Award in
recognition of their commitment to community lending, revitalization and
service over the past year. The Pillars Award is FHLBank Pittsburgh’s
highest honor and is presented annually to select FHLBank members.

Peoples Security Bank & Trust, headquartered in Scranton, Pa., received
the award at an FHLBank Pittsburgh regional member event held today in
Malvern, Pa. During the event, John Bendel, FHLBank Senior Director of
Community Investment, praised Peoples Security Bank & Trust’s community
achievements.

“Peoples Security Bank & Trust is truly honored to be recognized for
this distinguished award,” said Thomas P. Tulaney, Senior Executive Vice
President and Chief Operating Officer, Peoples Security Bank & Trust
Company. “More importantly, we want to thank FHLBank Pittsburgh for
their proactive approach in providing innovative products and services
that have directly benefited both consumers and small business owners in
our market areas. In particular, these programs have provided housing
for low-income senior citizens, homeownership for first-time homebuyers,
and new job creation for a number of our small business customers.”

As part of the Pillars of the Community Award, FHLBank presented a
$1,000 check on behalf of Peoples Security Bank & Trust to the Scranton
Counseling Center, an integrated behavioral healthcare delivery system
providing services to children and adults of all ages with various
emotional, developmental and addictive difficulties.

An active member of the FHLBank cooperative, Peoples Security Bank &
Trust saw completion in 2018 of phase one of the Lehigh Coal and
Navigation Building, which provides 27 apartments to low-income seniors
in Jim Thorpe, Pa. The project took advantage of a grant from FHLBank
Pittsburgh’s Affordable Housing Program.

Peoples Security Bank also used FHLBank’s Banking On Business product in
2018 to provide nearly half a million dollars in financing to small
businesses. Peoples Security Bank made good use of FHLBank’s Home4Good
and First Front Door products as well, ensuring that more individuals
and families find decent, affordable homes.

“Peoples Security Bank & Trust Company is committed to making positive
change in the communities it serves,” said Winthrop Watson, FHLBank
President and CEO. “Their work in creating affordable housing, assisting
small businesses, placing families in their first homes, and fighting
homelessness shows just how deep that commitment is. We are proud to
have Peoples Security Bank & Trust as part of our membership
cooperative.”

About Peoples Security Bank & Trust Company

Established in 1905 and headquartered in Scranton, Pa., Peoples Security
Bank & Trust is one of the largest independent community banks in
eastern Pennsylvania. With a footprint stretching from suburban
Philadelphia to Binghamton, New York, Peoples Security Bank and its 28
full-service branches serve Bucks, Lackawanna, Lebanon, Lehigh, Luzerne,
Monroe, Montgomery, Northampton, Susquehanna, Wayne and Wyoming counties
in Pennsylvania, and Broome County in New York. Each office offers a
wide range of financial products and services to individuals,
businesses, not-for-profits, and government entities. Additionally, its
Business Lending Center in Orwigsburg, Pa. serves Schuylkill County. For
more information, visit www.psbt.com.

About FHLBank Pittsburgh

As an intermediary between global capital markets and local lenders,
FHLBank Pittsburgh provides readily available liquidity, as well as
affordable housing and community development opportunities, to member
financial institutions of all sizes in Delaware, Pennsylvania and West
Virginia. The Bank is one of 11 banks in the Federal Home Loan Bank
System, which was established by Congress in 1932 and serves as a
reliable source of funds for housing, jobs and growth in all economic
cycles. To learn more, visit www.fhlb-pgh.com.

Contacts

Rich Stimel, FHLBank Pittsburgh, 412-288-7351, [email protected]
Michelle
Scaturro, AVP/Marketing Manager, Peoples Security Bank & Trust Company,
570-346-7741
x2263, [email protected]