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2004 Press Releases

MEDIA ADVISORY

ATTENTION: EDITORS / ASSIGNMENT EDITORS

Contact: Ali Detar, Communications, Allegheny County: 412-350-3171
Neil Cotiaux, FHLBank: 412-288-2851, Neil.cotiaux@fhlb-pgh.com

FIVE-YEAR FINANCIAL FITNESS PLAN FOR LOW- TO MODERATE-INCOME TEENS: COUNTY EXECUTIVE ONORATO, AREA BANKS AND COUNSELING GROUP ON BOARD; KICKOFF EVENT SCHEDULED AT COUNTY COURTHOUSE FOR MONDAY, NOVEMBER 15

PITTSBURGH, PA, November 10, 2004 — Allegheny County Chief Executive Dan Onorato, Rep. Mike Doyle (PA-14), Jay Roy, president and chief executive officer of the Federal Home Loan Bank of Pittsburgh (FHLBank), eight other financial institutions and Neighborhood Housing Services, Inc., will launch a free, five-year financial literacy initiative Monday, November 15 at 10 a.m., aimed at helping low-income youth develop lifelong money management skills.

To be held in the Gold Room on the fourth floor of the Allegheny County Courthouse, the event will celebrate a new neighborhood-based counseling program with a goal of graduating one thousand low-income young adults 16-19 years of age by the end of 2009. Speakers will include County Executive Onorato, Rep. Doyle, FHLBank President Roy and LouAnn Ross, executive director of Neighborhood Housing Services. Participating banks are ESB Bank, Iron & Glass Bank, Laurel Savings Bank, National City Bank, Northwest Savings Bank, PNC Bank, Sewickley Savings Bank and Sky Bank. Other elected officials and community leaders will also attend. Three hundred thirty thousand dollars in funding is committed to the five-year initiative, which is also designed to reach hundreds of supporting adults through related financial literacy and credit counseling programs.

Editors: Complete program details will be available the day of the event. In addition, a sound system will be available for electronic media. For answers to pre-event questions, contact Ali Detar, Office of the County Executive, at 412-350-3171; or Neil Cotiaux, Communications, FHLBank, at 412-288-2851 (cell: 330-703-0753).