FNBO prioritizes affordable housing to help create a stable foundation for individuals and families, offering them the ability to grow and thrive. Affordable housing contributes to stable communities, reduces homelessness and builds generational wealth.
Our vision is successful communities in all the places we call home. To achieve this vision, every individual must have access to the tools, resources and opportunities to reach their goals and improve their financial well-being.
Our Impact by FNBO strategy is thoughtfully designed to align with our business as a bank, focusing on strategic areas where we can make the most significant impact in our communities. Through this commitment, we set clear and measurable goals to drive positive change, both now and for future generations.
Affordable Housing
Workforce Development
FNBO prioritizes workforce development programs to promote economic growth. By investing in initiatives that equip individuals with skills and training for better job opportunities, we foster increased financial stability and a stronger local economy.
Financial Literacy
FNBO prioritizes financial literacy to help bridge economic disparities and promote financial inclusion. Through supporting financial literacy programs, the bank supports the empowerment of individuals, the promotion of economic equality and the reduction of poverty in order to strengthen our communities and enhance well-being for all.
Additionally, we believe showing up for our communities in the ways that matter most means supporting other areas of focus, including Environmental Sustainability, Access to Arts and Culture, Community Health and Well-being and Representation and Social Mobilization.
2027 Goals and Progress
Commitment to Community Impact Plan
As FNBO moved into the second year of our five-year Commitment to Community Impact Plan, we worked diligently to continue adopting equitable, sustainable and socially responsible practices. These graphics illustrate our progress in the first two years after implementing the Plan.
--------- 40% illustrates anticipated progress at the completion of year two of the five-year plan
Community Development Investments
$200 million in Community Development Investments (CDI) with community organizations working with low-to-moderate income individuals/families and/or low-to-moderate income neighborhoods or majority-minority neighborhoods to increase access to affordable housing, build businesses and/or create jobs.
Small Business Loans
$4.5 billion in small business loans, including loans for low-to-moderate income entrepreneurs and/or business owners in majority-minority neighborhoods to help their businesses start, grow and thrive.
Community Development Loans
$1.3 billion in community development loans for multi-family affordable housing or commercial properties benefiting low-to-moderate income individuals, revitalize or stabilize communities, build businesses and/or create jobs in majority-minority neighborhoods.
Philanthropy
$35 million in Community Sponsorships, Capital Donations and Impact Grants. We primarily focus on organizations working to increase access to affordable housing, help entrepreneurs build businesses and create jobs and support individuals as they work to obtain or improve employment.
Procurement
$600 million in goods and services from small businesses and businesses owned by woman, minorities and veterans to support FNBO operations.
Service
125,000 FNBO employee service hours include volunteer activities such as financial education, service on a nonprofit board of directors and time dedicated to community organizations and events.
