Bill Loving Recognized for Outstanding Community Service, Receives Award at a Gathering of West Virginia Community Bankers
William A. Loving, Jr., president and chief executive officer of Pendleton Community Bank (Pendleton) in Franklin, W.Va., and chairman of the Independent Community Bankers Association, was presented this evening with the prestigious Federal Home Loan Bank of Pittsburgh (FHLBank) Council’s Award in recognition of his long-term commitment to affordable housing and community investment. The Council’s Award is FHLBank’s highest individual honor and is presented annually on behalf of its Affordable Housing Advisory Council.
William A. Loving, Jr., president and chief executive officer of Pendleton Community Bank, receives FHLBank Pittsburgh's Council's Award for his long-term commitment to affordable housing and community investment. (Photo: Business Wire)
Loving received the award at the Community Bankers of West Virginia’s annual convention at Stonewall Resort in recognition of the significant and lasting results he has helped achieve on the local, state and federal levels.
Over the last decade, he helped Pendleton secure more than $1 million in grants through FHLBank’s Affordable Housing Program and $1.5 million in loans through FHLBank’s Community Lending program to support affordable housing projects in Pendleton’s service area serving low- to moderate-income individuals and families. Under his leadership, Pendleton also recently joined FHLBank’s Banking On Business program to help the bank lend money to small businesses that lack sufficient equity or cash flow. Additionally, Loving and his staff recently supported the West Virginia community of Marlinton, where Pendleton has a branch, in its designation as an FHLBank Blueprint Community, which will help local residents and businesses create and execute a plan to revitalize the area’s older neighborhoods.
Loving serves as a member of the Pendleton County Economic Development Authority and is also a board member and past president of the Community Bankers of West Virginia. He previously served as chairman of the Pendleton County Chamber of Commerce and Pendleton County Convention and Visitors Bureau and was awarded the chamber’s inaugural Business Person of the Year award in 2010.
“Through his strong leadership and numerous achievements, Bill has made a lasting contribution to the Franklin community, the state of West Virginia and beyond,” said Winthrop Watson, president and chief executive officer of FHLBank Pittsburgh. “We at the Bank are pleased to have someone with his experience and talents in our region advocating for banking and supporting community programs.”
About FHLBank Pittsburgh
FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs so members can better serve their own communities. FHLBank Pittsburgh is privately capitalized and funded and does not use taxpayer dollars. At March 31, 2013, it had 293 members in its district of Delaware, Pennsylvania and West Virginia and approximately $60 billion in assets. FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage and community development activities of local financial institutions.