Bank of Monroe’s King Honored with Council’s Award for Community Investment

Date : 06/19/2017 @ 9:30AM
Source : Business Wire

Bank of Monroe’s King Honored with Council’s Award for Community Investment

James L. “Jim” King, president and CEO of The Bank of Monroe in Union, W.Va., received the 2017 Council’s Award from FHLBank Pittsburgh for excellence in community investment. King received the award at one of FHLBank’s regional member golf outings. John Bendel, FHLBank director of community investment, spoke at the event about King’s community achievements before presenting him with the award.

King has twenty years of financial management experience in the banking industry. As president and CEO of The Bank of Monroe since 2013, King has worked steadfastly to become a leader in local community investment. In 2016, Bank of Monroe requested and received funding from FHLBank Pittsburgh’s Affordable Housing Program to support the Greenville Senior Living and Community Center project, and also secured funding for disaster relief after floods devastated communities the bank serves. King currently holds a position on the West Virginia Bankers Association Board of Directors and is a Community Depository Institutions Advisory Council (CDIAC) appointment to the Federal Reserve Bank of Richmond.

Named in recognition of FHLBank Pittsburgh’s Affordable Housing Advisory Council, FHLBank’s annual Council’s Award provides special recognition to an outstanding financial services professional who has demonstrated superior professional commitment and community spirit. The award highlights accomplishments and services in meeting FHLBank’s affordable housing and community investment mission.

About The Bank of Monroe

Founded in 1903, The Bank of Monroe has been serving the community for more than 110 years. With locations in Union, Lewisburg and Fairlea, The Bank of Monroe prides itself in being a local bank that makes local decisions while offering their clients the latest banking technology. For more information, please visit www.bomwv.com.

About FHLBank Pittsburgh

As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is one of 11 banks in the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and economic growth in all economic cycles. To learn more, visit www.fhlb-pgh.com.

FHLBank PittsburghTerri McKay, 412-288-2830terri.mckay@fhlb-pgh.comorBank of MonroeJim King, 304-772-4882jking@bomwv.com

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