04/05/2022: The Farmers National Bank of Emlenton recently donated $23,500 to the Star Foundation
Emlenton, Pennsylvania, April 5, 2022 – The Farmers National Bank of Emlenton recently donated $23,500 to the Star Foundation through the Pennsylvania Educational Improvement Tax Credit (EITC) program. The EITC program provides tax credits for eligible businesses to contribute to educational improvement organizations and/or pre-kindergarten scholarship organizations. Since 2002, Farmers has donated more than $1.7 million through this program.
Established under the Diocese of Erie to provide scholarship assistance to qualifying students, the STAR Foundation distributes funds based on need, with 68% of distributions awarded to families who earn less than $60,000. The STAR Foundation relies on funding from local businesses to enable low-moderate income families to receive a high-quality education at any district in the Diocese. For the 2020-21 school year, the foundation received over $1.1 million dollars in donations. Since their inception, Farmers National Bank has proudly donated more than $160,000 in EITC funds to the foundation, equating to 250 scholarships awarded. In alignment with Farmers’ core initiative to build a strong educational foundation for generations to come, the STAR Foundation embodies this mission, affording students the ability to thrive in an academically challenging and stimulating environment without regard to their financial status.
For over 121 years, Farmers has committed their time and resources to empowering future generations of leaders, thinkers, and innovators. Through educational reinvestment efforts designed to inspire a lifelong passion for enrichment, we are seeing the direct impact of such efforts through our communities. Farmers is proud to participate in the EITC program as they provide invaluable educational services and opportunities within our local area, “said William C. Marsh, Chairman of the Board, President and Chief Executive Officer of The Farmers National Bank of Emlenton.
About The Farmers National Bank of Emlenton:
The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating 19 full-service offices in Allegheny, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, Mercer, and Venango Counties, Pennsylvania. The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”). For more information, please visit the website at www.farmersnb.com or call 877-862-9270. EOE, M/F/D/V, Equal Housing Lending, Member FDIC