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Peoples Security Bank & Trust Donates Over $900,000 to Local Organizations through EITC Program

Peoples Security Bank & Trust Donates Over $900,000 to Local Organizations through EITC Program

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Peoples Security Bank & Trust Donates Over $900,000 to Local Organizations through EITC Program

SCRANTON, PA – (January 10, 2024) – Through the Pennsylvania Educational Improvement Tax Credit (EITC) Program, Peoples Security Bank & Trust (PSBT) has been able to donate over $900,000 to private schools, scholarship organizations, pre-kindergartens, school districts, universities, and other non-profit organizations during 2023. The EITC Program allows businesses the opportunity to support local organizations by reallocating a portion of their tax dollars for donation purposes through the Pennsylvania Department of Community and Economic Development.

The donations were used to fund scholarship programs, educational supplies, school grants, and innovative educational programs. Eighty-two organizations throughout Northeastern Pennsylvania and the Lehigh Valley have benefitted from these allocated funds. Since 2015, PSBT has donated over $6 million through the EITC program.

“It is part of our responsibility to give back to our local communities. Through the Pennsylvania Educational Improvement Tax Credit Program, we have an opportunity each year to make advances in student education that will last a lifetime. Receiving a quality education leads to our communities becoming more cultivating, vibrant, and inclusive,” says Jeffrey Drobins, Executive Vice President, Chief Lending Officer.

About Peoples Security Bank & Trust Company

Peoples Security Bank & Trust (PSBT), established in 1905 and a 5-Star Superior Ranking recipient from BauerFinancial, Inc., operates 28 full-service branches in 13 counties across Pennsylvania, New York, and New Jersey. Headquartered in Scranton, PA with an asset size of over $3.7 billion, PSBT offers a wide variety of products and services such as personal & business banking, home financing, and wealth management solutions. PSBT strives to become the premier financial services company in the markets it serves as measured by quality, earnings and growth. For more information on PSBT, please visit www.psbt.com.

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