F.N.B. Corporation announced its $2.5 million commitment to Black Tech Nation Ventures as part of F.N.B.'s broader commitment to promote economic equality.
F.N.B. Corporation is making a $2.5 million equity commitment to Black Tech Nation Ventures, a majority Black-owned venture capital fund based in Pittsburgh.
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F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania
April 27, 2021 GMT
PITTSBURGH, April 27, 2021 /PRNewswire/ F.N.B. Corporation (NYSE: FNB) announced the expansion of its commitment to drive economic development in the Hill District community of Pittsburgh, PA, with a significant investment in programs aiming to connect local businesses and entrepreneurs with essential funding.
Highlighting FNB’s commitment is a $5 million investment in the launch of its new, proprietary Hill District Gap Lending Program, which is designed to address financing gaps for real estate projects in the community. FNB will provide loans of up to $400,000 and flexible lending parameters for local businesses that require additional funding to complete a capital structure so they can move forward with developing or redeveloping community assets. With an emp
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