BNET Industries
Federal Home Loan Bank of Pittsburgh is in the Financial Services Industry
Latest News and Analysis
FHLBank Pittsburgh Announces Second Quarter 2008 Financial Results; Quarterly Dividend Declared
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh today announced financial results for second quarter 2008, along with the Board of Directors' declaration of a quarterly dividend of 3.5 percent annualized. The results reflect FHLBank Pittsburgh's continuing commitment to support its members' liquidity needs during this period...
FHLBank Pittsburgh Awards Nearly $11 Million in Grants: 26 Projects with 1,084 Units of Affordable Housing Funded
PITTSBURGH -- The Board of Directors of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has approved $10.95 million in grants under its Affordable Housing Program AHP. The grants will help finance 26 housing projects - two in Delaware, one in New York, 22 in Pennsylvania...
Citizens Bank of Pennsylvania Earns Prestigious Award: Community Investment Record Recognized for Excellence
LAFAYETTE HILL, Pa. -- Citizens Bank of Pennsylvania was honored before its industry peers today for its exceptional record of community investment and service. At a gathering of scores of Pennsylvania banking executives hosted by the Federal Home Loan Bank of Pittsburgh FHLBank, Citizens Bank was presented with...
FHLBank Pittsburgh Announces First Quarter 2008 Financial Results; Quarterly Dividend Declared
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank today announced financial results for first quarter 2008, along with the Board of Directors' declaration of a quarterly dividend of 3.75% annualized. Net income for the quarter was $57.5 million. Balance Sheet Highlights Total loans to...
$5.3 million for Phila. affordable housing
More than 645 units of affordable housing being developed in Philadelphia are a "shaft of light" for the city in a grim economic landscape, U.S. Sen. Bob Casey said yesterday. "There's frankly a lot of darkness throughout the country right now," Casey said as the Federal Home Loan Bank of...
Sen. Casey, Rep. Schwartz, Mayor Nutter Announce $5.3 Million for 645 Units of New or Improved Affordable Housing in the City of Philadelphia
PHILADELPHIA -- U.S. Sen. Robert P. Casey Jr. (D-PA), U.S. Rep. Allyson Y. Schwartz (D-13) and Philadelphia Mayor Michael A. Nutter today announced the awarding of $5.3 million in affordable housing grants for the construction or rehabilitation of 645 units of much-needed affordable housing across the city. The...
Auron Named Chief Risk Officer at FHLBank Pittsburgh
PITTSBURGH -- Marshal S. Auron was named today as Chief Risk Officer of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh, effective March 17, 2008. He succeeds J. Michael Hemphill, who is retiring. As Chief Risk Officer, Mr. Auron will lead the Bank's Corporate Risk Management department,...
FHLBank Pittsburgh Announces Earnings for 2007; Quarterly Dividend Declared
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh announces financial results for the year and quarter ended December 31, 2007 and the Board of Directors' declaration of a quarterly dividend. Operating Results Net income for the year ended December 31, 2007, was $236.8...
FHLBank Pittsburgh Awards $8.9 Million in Grants: 30 Projects with Nearly 1,000 Units of Affordable Housing Funded
PITTSBURGH -- The Board of Directors of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has approved more than $8.9 million in grants under its Affordable Housing Program AHP. The grants will help finance 30 housing projects across Delaware, Kentucky, New Jersey, Pennsylvania, Rhode Island and...
FHLBank Pittsburgh Announces Third Quarter 2007 Financial Results; Quarterly Dividend Declared
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh today announced financial results for third quarter 2007, along with the Board of Directors' declaration of a quarterly dividend of 6.0% annualized. Net income for the quarter and nine months ended September 30, 2007, was $64.2...
University of Delaware, Federal Home Loan Bank Launch 'Blueprint Communities' Initiative to Help Cities, Towns and Neighborhoods Plan for Long-Term Success: Leadership Training, Capacity Building, New Momentum Coming
WILMINGTON, Del. -- The University of Delaware's Center for Community Research and Service CCRS and the Federal Home Loan Bank of Pittsburgh FHLBank have entered into a partnership to bring the Blueprint Communities revitalization initiative to the First State. Blueprint Communities helps cities, towns and neighborhoods develop stronger...
FHFB Appoints Two Directors to FHLBank Pittsburgh Board
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh announced today that the Federal Housing Finance Board FHFB has appointed two directors to the Board of Directors of the Bank. Named were Walter D'Alessio, vice chairman of NorthMarq Capital in Philadelphia and chairman...
Sen. Casey, Rep. Holden Celebrate $100 Million Grants Milestone in PA
$1.3 Million More Granted to Area Projects by the Federal Home Loan Bank HARRISBURG, Pa. -- U.S. Sen. Robert P. Casey Jr. (D-PA) and U.S. Rep. Tim Holden (PA-17) joined public, private and nonprofit leaders today in celebrating the $100 million milestone of an affordable...
FHLBank Pittsburgh Supports Member Demand for Liquidity
PITTSBURGH -- In light of events affecting the credit markets, the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has experienced an increase in member demand for liquidity and is releasing the following information regarding outstanding balances of collateralized loans to members, also called advances. The third...
FHLBank Pittsburgh Announces Second Quarter 2007 Financial Results; Quarterly Dividend Declared
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh today announced financial results for second quarter 2007, along with the Board of Directors' declaration of a quarterly dividend of 6.0 percent annualized. Net income for the quarter ended June 30, 2007, was $52.1 million; for...
FHLBank Pittsburgh Awards $8.625 Million in Grants; 31 Projects With More Than 1,100 Units of Affordable Housing Funded
PITTSBURGH -- The Board of Directors of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has approved more than $8.6 million in grants under its Affordable Housing Program AHP. The grants will help finance 31 housing projects across New Jersey, Pennsylvania, West Virginia, Wisconsin and the...
Nonprofit Seeks Buyer for Charleston EcoDwell House
CHARLESTON - Those in the market for a new home in the Charleston area might want to check out the one for sale at 1547 Jackson St. The home was built with energy efficiency and earth friendliness in mind. "This project was a partnership with the Charleston Area Alliance," said...
A.M. Best Affirms Ratings of Philadelphia Insurance Companies and Liberty American Insurance Group
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and the issuer credit ratings ICR of "aa-"of Philadelphia Insurance Companies Philadelphia and its members. Concurrently, A.M. Best has affirmed the FSR of A- Excellent and ICRs of "a-" of Liberty...
FHFB Appoints Two Directors to FHLBank Pittsburgh Board
PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh announced today that the Federal Housing Finance Board FHFB has appointed two directors to the Board of Directors of the Bank. Named were Patrick A. Bond and Brian A. Hudson. Both were named to...
Blueprint Communities Program Helping Shinnston, Salem
A new program by Federal Home Loan Bank Pittsburgh is helping two West Virginia towns plan ways to revitalize their communities. Shinnston and Salem are two of 10 West Virginia communities selected to the program that, if successful, will spread to more communities in Maryland next year, said Lu Bush,...
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- Incorporated: 1932
- Employees: 233
Federal Home Loan Bank of Pittsburgh is a federally chartered corporation, exempt from all federal, state, and local taxation except for real property taxes, is one of twelve District Federal Home Loan Banks which, together with member institutions and the Office of Finance under the supervision of the Federal Housing Finance Board, comprise the FHLBank System.
Co. provides a readily available, low-cost source of funds to its member institutions. As of Dec. 31 2007, assets totaled $101,190,356,000 and deposits totaled $2,448,544,000.
Key Competitors
Federal Home Loan Bank of Pittsburgh Company Info
Board of Directors
Marvin N. Schoenhals
Chmn.
Edwin R. Maus
Edward J. Molnar
Willard L. Phillips Jr.
Paul E. Reichart
Cecil H. Underwood
Rev. Luis Antonio Cortes Jr.
Vice-Chmn.
K. Scott Baker
Basil R. Battaglia
J. Ardie Dillen
William H. Genge
H. Charles Maddy III
Frederick A. Marcell Jr.
Dennis S. Marlo
Contact Information
601 Grant Street
Pittsburgh, PA
412 288-3400
NAICS Code
Real Estate Credit: 522292Brought to you by IBM
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