FNB Main Street Revitalization Program

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F.N.B. Corporation Commits Nearly $50 Million to Drive Economic Growth in Rural Business Districts and Historic Neighborhoods
Prnewswire· 2025-06-24 14:00
Core Points - F.N.B. Corporation has launched the FNB Main Street Revitalization Program, a nearly $50 million initiative aimed at preserving and improving historic facades, fostering commerce, and driving economic growth in rural business districts and historic neighborhoods [1][4] - The program will begin with the renovation of the historic Greenville, PA branch, which was originally established in 1864 [3][9] - The initiative includes grants for facade improvements, a low-interest loan program, and a planned investment of approximately $15 million in the rehabilitation of several historic FNB branches [5][8] Group 1: Program Components - The FNB Main Street Revitalization Program consists of three main components: grants for exterior improvements, a low-interest loan program, and investments in historic branch renovations [2][8] - Grants will support projects that enhance and preserve historic building facades, with technical assistance provided by the Pittsburgh History & Landmark Foundation (PHLF) [5][7] - The loan program aims to facilitate over $30 million in financing for small businesses, with special promotional terms for grant recipients [6][8] Group 2: Community Commitment - The program reflects F.N.B. Corporation's commitment to rural and historic business districts, addressing the lack of investment in these communities [4][11] - Local officials, including Governor Josh Shapiro and Senator Dave McCormick, have expressed support for the initiative, highlighting its potential to invigorate local economies [11][12] - The incorporation of government tax credits into the program has garnered attention for its potential to influence economic development in disinvested areas [10] Group 3: Renovation Plans - Renovation plans for the Greenville branch include restoring its 19th-century aesthetic, focusing on facade work and interior finishing details [9] - The company expects to begin construction within the year, aiming to enhance the local commercial district and attract visitors [3][9] - The program's approach to beautifying historic facades is intended to promote tourism and accelerate business formation in the area [4][11]