Payments

First National Bank intros no-overdraft checking, mortgage portal for vulnerable communities

Image via iStock.com

July 6, 2021

First National Bank, a subsidiary of F.N.B. Corp. has introduced homeowning and financial independence solutions for vulnerable and undeserved communities, according to a press release.

These services include a closing cost assistance platform, no-overdraft checking account and an online mortgage portal. The bank will provide up to $2,500 towards closing costs with borrowers that have low to moderate income.

"Homeownership brings significant benefits, both for families and for the communities where they live," Vincent J. Delie Jr., chairman, president and CEO of F.N.B. Corporation and First National Bank, said in the release. "Our goal is to provide consumers with additional products and resources to overcome challenges, manage their finances more effectively and accelerate their ability to buy a home."

In addition, the bank will also offer financial education on the home mortgage process and how to avoid account overdrafts via its Solutions Center e-Store, a website and mobile app with customizable alerts and debit card controls, and an expansion of its ATM network to add urban markets.