SSB Bank Receives Community Banking Award

This year, the Pittsburgh Community Reinvestment Group ("PCRG") honored 30 years of community development in Pittsburgh at it's annual Community Development Summit on May 15-16, 2018. Since its inception in 2011, PCRG has hosted this annual awards ceremony to recognize and honor those members of the community working to make a positive impact on Pittsburgh’s urban core. 

During the Summit, PCRG awarded community banks across Western Pennsylvania for their mortgage loan origination efforts. PCRG awards banks based on the percentage of home mortgage loan originations given to low- and moderate-income and African American borrowers. The area of analysis covers the entire Pittsburgh metropolitan area, to make sure that they recognize banks meeting their regional Community Reinvestment Act (CRA) obligations.

The Community Reinvestment Act of 1977 (CRA) provides a framework for financial institutions, state and local governments, and community organizations to jointly promote banking services to all members of a community. In a nutshell, the CRA prohibits redlining (denying or increasing the cost of banking to residents of racially defined neighborhoods), and encourages efforts to meet the credit needs of all community members, including residents of low- and moderate-income neighborhoods. For more information on the CRA, please visit their website.

This year, SSB Bank received a Community Banking Award in the African American Lending Category. PCRG acknowledged SSB Bank for the highest percentage of total originations made to African American borrowers by an intermediate-small or small bank in 2016.

Congratulations to SSB Bank and their continued efforts within the Pittsburgh community!