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Events
State Senator Corman Helps Celebrate Pillars of the
Community Award
 State
Sen. Jake Corman (R-34) added to the festivities July
6 when FHLBank Pittsburgh presented its 2006 Pillars
of the Community Award to Omega Bank in its own backyard.
Each year, Pillars awards are presented to four member
financial institutions of FHLBank due to their exemplary
work in the field of affordable housing and overall
community service. In 2006, Omega Bank was one of those
four. It was honored at an awards ceremony and reception
at its corporate headquarters in State College attended
by several dozen community stakeholders and elected
officials. Sen. Corman joined John Bendel, director
of Community Investment at FHLBank Pittsburgh in paying
tribute to Omega Bank, whose president, Donita Koval,
accepted the Pillars statuette.
During 2005, Omega Bank oversaw the completion of two
projects that benefited from $600,000 in Affordable
Housing Program funding. One project, Remley Place,
made three-bedroom homes available for sale to 20 first-time
homebuyers in the village of Dewart. The other, St.
Gabriel House in Hazleton, rehabilitated a women’s
shelter into 16 units of housing for the homeless, including
single parents and those with addictions. In addition,
Omega Bank received a half-million dollar funding commitment
for a low-income elderly housing project to be developed
in Williamsburg. Omega Bank was also the top-producing
Pennsylvania originator of the U.S. Department of Agriculture’s
Guaranteed Rural Housing Loan Program.
“Combined with its support of a library building
project and theater renovation in State College, the
donation of a bank building to the Borough of Selinsgrove,
a façade restoration project in Steelton and
more than $400,000 in contributions to charitable causes,
Omega Bank’s commitment to community investment
is clear,” Bendel said.
In recognition of Omega Bank’s contributions
to the community, FHLBank Pittsburgh made a $1,000 donation
to Williamsport/Lycoming Habitat for Humanity.
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