Historic Greenville FNB branch part of $50M renovation plan

F.N.B. Corporation has announced the launch of a nearly $50 million community development initiative, with an initial focus on Greenville, Pennsylvania, where the company plans to renovate its flagship branch.

The original location was destroyed by a fire in 1876 before being rebuilt at its current Main Street address.

The "FNB Main Street Revitalization Program" aims to preserve and improve building facades, promote commerce, and support economic growth in rural business districts and historic neighborhoods.

The program includes a small business grant program, a low-interest loan program for small businesses totaling more than $30 million, and an approximately $15 million investment in the renovation of several historic FNB branches.

Greenville, the founding location of First National Bank of Pennsylvania in 1864, will be the first community to see the program's effects. FNB plans to begin with the renovation of its branch at 166 Main Street. The company stated the renovation is intended to help drive revitalization in Greenville’s commercial district by highlighting the town's historic elements.

“FNB is making a commitment to rural and historic business districts because we believe it is time for companies to take action to drive prosperity in these important communities that in many cases lack investment,” said Vincent J. Delie Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank of Pennsylvania in a news release. “By beautifying historic facades, we can use local appeal to promote tourism and accelerate business formation.”

The small business grant program, developed in partnership with the Pittsburgh History & Landmarks Foundation (PHLF), will provide grants for exterior improvements that align with the Secretary of the Interior’s Standards for the Treatment of Historic Properties. These improvements can include masonry repairs, new signage, awnings, or painting.

Property and business owners in the Downtown Greenville Historic District can apply for the grant through FNB’s eStore® digital bank. Grant recipients will also be offered promotional terms on qualifying real estate loans.

Michael Sriprasert, President of PHLF, commented, “We applaud FNB’s understanding of and commitment to the communities it serves. The FNB Main Street Revitalization Program will work in tandem and will complement our existing community revitalization and preservation resources.”

FNB is finalizing plans for the renovation of its Greenville branch and anticipates construction will begin within the year. The work will focus on restoring the building's 19th-century aesthetic, including the front and side facades, original ceiling height, and interior details.

FNB will use incentives from the Federal and Pennsylvania Historic Preservation Tax Credit programs to help fund its restoration work.

FNB

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