March 18, 2014
Washington, PA — First Commonwealth Bank, a longtime supporter of Community Action Southwest, donated $10,413 to CAS’ Assets For Independence (AFI) Program last month. AFI is a matched savings program that provides a $2 match for every $1 of earned income saved by CAS clients saving for Home Purchase, Post-Secondary Education or Small Business start-up or expansion.
The donation was part of First Commonwealth’s celebration of America Saves Week. “First Commonwealth applauds CAS efforts in enhancing the financial capacity for low-wage earners,” said Deborah Takach, Vice President of Business Banking for First Commonwealth, “asset development is critical to overall financial health, and we are happy to partner with CAS.”
“The banking community has been extremely generous with our AFI Program,” said Darlene Bigler, CEO of CAS, “we are pleased to engage them in our work.”
The AFI Program started in 2011 when CAS received a $200,000 grant from the US Department of Health & Human Services to launch the program in Washington and Greene Counties. CAS must match the federal grant with financial support from the local community. Nine local banks have committed funds to support the program.
For additional information about Assets For Independence Program, click here, or contact Virginia Beck at 724.225.9550 ext. 427.
Pictured left to right: Deborah Takach, First Commonwealth Vice President of Business Banking; Darlene Bigler, Community Action Southwest CEO.
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