Marywood University Momentum Program

From Left: Patricia Rosetti, Marywood University’s leadership annual giving officer, and Jerry Champi, FNCB Bank president and CEO.

FNCB Bank presents a $6,000 Education Improvement Tax Credit (EITC) donation to Marywood University’s Momentum Program. Marywood University’s Momentum Program provides high school juniors and seniors with the opportunity to get a head start on college by enrolling in college level courses. Students can choose from a variety of courses, most often liberal arts courses, during the fall, spring, and summer semesters through to high school graduation.

Since 2010, FNCB has contributed nearly $2 million dollars to local educational and scholarship organizations through the EITC program. Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made. These are available on a first-come, first-served basis for contributions to EITC approved organizations like Marywood University.

The support of Marywood University is part of FNCB’s larger Community Caring initiative. As a true, local community bank, FNCB Bank is making a difference through volunteerism, donations, and outreach programs. FNCB Bank, locally-based for 110 years, continues as one of Northeastern Pennsylvania’s premier community banks—offering a full suite of personal, small business, mortgage and commercial banking solutions with industry-leading mobile online and in-branch products and services. FNCB remains dedicated to the communities they serve with an on-going mission to make your banking experience simply better.

Shown at the presentation are, from left: Tammy J. McHale, vice president for business affairs and treasurer at Marywood University; Daniel J. Santaniello, president and chief executive officer at Fidelity Bank; Salvatore R. DeFrancesco, Jr., executive vice president and chief financial officer at Fidelity Bank; and Sister Mary Persico, IHM, Ed.D., president of Marywood University.

Marywood University recently received a Pennsylvania Education Improvement Tax Credit donation in the amount of $20,000 from Fidelity Bank through the University’s Momentum program. The Momentum program is an approved EITC program that gives high school juniors and seniors the opportunity to earn college credits by enrolling in college level courses at a significantly reduced cost.

The EITC program enables companies to support nonprofit schools at minimal cost. Rather than sending tax dollars back to the state, companies can reallocate them to support Marywood University’s Momentum Program. Participating businesses can receive a tax credit equal to 75 percent of a contribution, up to $750,000 per year. The credit increases to 90 percent if the business agrees to provide the same amount for two consecutive years.

Fidelity Bank is Northeastern Pennsylvania’s most recognized neighborhood bank. Fidelity Bank is 185 bankers strong, each with the expertise and drive to build successful relationships, create long-term shareholder value, and deliver success.

Because of its commitment to a set of core values including: to act with integrity, build strong relationships, demonstrate passion for what they do and who they are, constantly seeking to innovate, and to stay fully committed to each other, and to its stakeholders, Fidelity Bank’s values are their standard behavior, inspiring their actions and defining how they operate both now and into the future.