Local bank highlight’s community commitment during the coronavirus pandemic
LANGHORNE, PA (MAY 2020) – Penn Community Bank, the largest mutual bank headquartered in Southeastern Pennsylvania, is highlighting its commitment to community during the coronavirus pandemic with Operation Graduation – an initiative to celebrate graduates of the class of 2020 as commencements and traditional graduation plans have been interrupted by the coronavirus pandemic.
As part of Operation Graduation, Penn Community Bank has delivered hundreds of graduation gifts to both high school and college graduates throughout the region, including more than 35 local high schools, technical schools, and universities. Receiving gifts as part of Operation Graduation was Cairn University’s entire undergraduate and graduate classes. Cairn University is home to Penn Community Bank’s first on-campus banking branch.
“As a community-first financial services provider, our core mission is simple: to see and support growth potential everywhere we look,” said Jeane M. Vidoni, President and CEO of Penn Community Bank. “In times like these, the idea of growth means so much more: courage, optimism, and resiliency. There is no doubt that the high school and college graduates of 2020 will carry these traits with them and into our communities for decades to come.”
“As the on-campus bank of Cairn University, we’re committed to serving as an integral of the Cairn community and supporting the financial wellbeing of its students, staff and faculty,” said Grant Hager, Cairn University Branch Manager. “We wish the class of 2020 best of luck. We can’t wait to see what they accomplish as we move on from this period.”
In addition to serving the banking and lending needs of the community during this unprecedented time, Penn Community Bank has been a leader in the response to the COVID-19 outbreak:
- In March, the bank partnered with the United Way of Bucks County to launch the Bucks County COVID-19 Recovery Fund, including a $25,000 initial contribution. The relief fund is being used to assist those experiencing a financial crisis as the result of the COVID-19 pandemic with basic needs such as food, shelter, utilities, and transportation. To learn more and to contribute to the recovery effort, visit http://www.uwbucks.org/COVIDrecovery.
- In April, the bank donated $30,000 to the Bucks County Health Improvement Partnership (BCHIP) to establish the Penn Community Bank Healthcare Operational Priority Emergency (HOPE) Fund which will cover the cost of care for some of the community’s most vulnerable residents. In concert with Bucks County hospitals and local officials, the HOPE Fund is established to provide resources to support individuals who are unsheltered due to COVID-19, these may include shelter clients or those who cannot safely return to group homes. Costs may include expenses such as space for safe isolation during illness, essential medical supplies, or personal protective equipment (PPE) for clients and staffing. In addition, funds will be used to address and meet the rapidly changing needs of the Bucks County community brought about by the pandemic.
- Most recently, the bank donated 1,400 N95 1,400 N95 masks to the Bucks County Emergency Service Center as they respond to the coronavirus pandemic.
About Penn Community Bank: Penn Community Bank holds more than $2 billion in assets, employs more than 350 people, and offers banking, lending and investments at 24 bank branches and two administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.