Northwest Bank Donates $15,000 to PathStone Housing Corporation of Indiana
Funds used to partner with PHCIN’s Homebuyer Acquisition Rehabilitation Program (HARP)
June 9, 2022
Muncie, Indiana— Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, announced a $15,000 corporate donation to PathStone Housing Corporation of Indiana (PHCIN) located in Muncie as part of a partnership with First Merchants Bank. Funds from the donation will be used to help equip first-time homebuyers with financial education programs and provide general financial assistance to PHCIN’s Homebuyer Acquisition Rehabilitation Program (HARP) members.
“We are proud to partner with PathStone and First Merchant Bank to develop HARP and loan products to ensure equitable and attainable housing solutions for many in our community,” said Jennifer Gibson, Indiana region president, Northwest Bank. “Through our commitment and investment in this program, including down payment assistance, we are proud to launch such a collaborative and innovative solution that will work to improve neighborhoods and promote homeownership throughout the City of Muncie.”
HARP is geared toward low-to-moderate income families and households in need of rehabbing assistance. HARP homebuyers have access to a full cycle of services including homebuyer education, financial coaching and rehab coaching to prepare families to buy and rehab their home. Participation in this program provides first-time homebuyers with a long-term asset and wealth that will help improve local communities and address housing needs in Indiana.
This donation is part of Northwest’s commitment to the Community Reinvestment Act, designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low-to-moderate-income neighborhoods.
The Northwest Charitable Foundation makes contributions to nonprofit organizations to fund large-scope and large-impact programs and/or projects. The Foundation is part of Northwest's overall charitable giving initiative, which supports programs that improve quality of life in areas of Indiana, Ohio, Pennsylvania and New York.
About Northwest Bank
Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services. As of April 19, 2022, Northwest operates 142 full-service community banking offices and eight free standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.’s common stock is listed on the NASDAQ Global Select Market (“NWBI”). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.com.