What does “amortization” mean and why does it matter?

Definition of ‘amortization’ Merriam-Webster defines amortization as: to pay off an obligation (such as a mortgage) gradually usually through periodic payments of principal and interest or by payments to a sinking fund (a fund set up and accumulated by usually regular deposits for paying off the principal of a debt when it fall due). Human-speak: each time you make a […]

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Andrew W. Hasley Elected to FHLBank Pittsburgh Board

PITTSBURGH, Jan. 24, 2020 – Andrew (Andy) W. Hasley, President of Standard Bank, has been elected by the Board of Directors of the Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) in accordance with the rules of the Federal Housing Finance Agency to fill a vacant Pennsylvania member director position. Effective Jan. 23, 2020, Mr. Hasley will fill the unexpired […]

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Raising Savvy Savers: Tips for Saving with Young Children

If you were not one of the lucky ones who lived in a home that explicitly taught the importance of smart spending and saving habits you’re far from alone! You also may have stumbled, learning hard lessons along the way. These forays may have led to to questionable decisions, including creative budgeting habits, massive credit card debt, or even bankruptcy. […]

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Banking Tips to Make Your Holidays Merry and Bright

Before you deck the halls and wrap the gifts, it’s important to take stock of some common holiday pitfalls that arise with increased spending. No one wants unexpected issues to crush their holiday spirit. It’s also time to be extra vigilant against seedy characters looking to hack into your accounts to fund their own holiday cheer. Debit card and ATM […]

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$4,000 Grant to Support Local Business Scholarships with PowerLink

Greensburg, Pa. – The Standard Charitable Foundation, with support from Standard Bank, has awarded a $4,000 grant to PowerLink (Westmoreland County). The mission of Powerlink is to assist second-stage companies in growing their business and taking it to the next level with education and advisory resources. Powerlink has helped more than 1,000 companies since 1992, and they continue to expand […]

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$2,000 Grant Awarded to the Stoneybrook Foundation

Acme, Pa. — The Standard Charitable Foundation, with support from Standard Bank, has awarded a $2,000 grant to the Stoneybrook Foundation, which is a non-profit located in Acme, Pa. that strives to improve the lives of children and adults with special challenges through a therapeutic partnership with horses. The grant awarded is to support the purchasing of necessary and updated […]

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