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Bucks Co. COVID-19 Recovery Fund

Penn Community Bank - Perkasie, Pennsylvania

2021 Community Commitment Awards Submission

  • Entry Category: Community and Economic Development
  • Asset Size: Small

In March 2020, as the coronavirus pandemic swept through Pennsylvania, Penn Community Bank’s leaders knew the pandemic and measures put into place to slow its spread would have dire consequences for our communities. The bank moved swiftly to collaborate with its trusted nonprofit partners to launch a new initiative to mitigate the pandemic’s harmful impact.

In line with the bank’s commitment to Greater Good Banking and foundational believe in the role of community in financial and individual relationships, Penn Community Bank coordinated with United Way of Bucks County CEO Marissa Christie to outline the project. Within days, the Bucks County COVID-19 Recovery Fund was set up ready to help - seeded with ,000 from Penn Community Bank.

Once established, the fund solicited donations from local businesses and donated funds were given as grants to United Way’s member agencies to help them deliver COVID-19-related services to clients. The Fund has no administrative expenses; all money raised goes directly to help people with short-term and long-term financial recovery.