Merchants Bank Awards Holy Family and Immaculate Conception Schools under Educational Improvement Tax Credit (EITC)
(Bangor, PA) Merchants Bank awarded the Holy Family School, Nazareth with $1000 and $2000 to Immaculate Conception School, Pen Argyl, both within the Diocese of Allentown, for the Eastern Pennsylvania Scholarship Fund under the Education Improvement Tax Credit (EITC). An additional $5,000 was awarded to for the Blue & White Scholastic Foundation, Inc. benefiting Immaculate Conception. School administrators along with some students were present at the check presentations.
Merchants Bank has participated in the EITC program for several years. The bank submits an application to the state listing the organizations they would support for EITC. The state provides credit in random order until all available tax credits are exhausted. “This is a very valuable and additional vehicle for our bank to support the local community. It’s never a guarantee that we will receive approval for the tax credit. We try to support every eligible non-profit organization in our market each year with the dollars allocated within our budget,” says Rocco Del Vecchio, CEO, Merchants Bank.
“Merchants Bank has been a tremendous support for our school. We are honored to be among the awardees the bank has chosen, says Sister Maria Luz, O.P., Principal at Immaculate Conception School. The funds go to support the scholarship program enabling families their children with an enriched experience in the Catholic school family, says Christine Bruce, Principal at Holy Family School.
Established in 1890, Merchants Bank is a locally owned and operated community bank. Headquartered in Bangor, PA, Merchants has two branch offices in Bangor and additional offices throughout the Lehigh Valley, including Mount Bethel, Wind Gap, Nazareth, Forks Township, Martins Creek, Easton and Bethlehem, PA. In 2013 the Bank was recognized for its community involvement and volunteerism through two awards: Greater Lehigh Valley Chamber of Commerce’s The Spirit of Forks Award
as well as The Volunteer Center of the Lehigh Valley’s Spirit of Volunteerism Award
. MNB Investment Services is a division of the bank and offers investment and wealth management financial services. For more information, please visit www.merchantsbangor.com
In Photo 1 – Immaculate Conception School (pictured in back from left to right) –
Rocco Del Vecchio, CEO, Merchants Bank, Sister Maria Luz, O.P., Principal, Janis Geist, Catholic School Scholarship Administrator
In Photo 2 – Holy Family School (pictured in back from left to right) – Rocco Del Vecchio, Janis Geist, Catholic School Scholarship Administrator, John Bakey, [unsure of title]Christine Bruce, Principal