FHLBank Pittsburgh's Move to New Headquarters: What You Need to Know

Author: Kelly Martin Updated: 09-18-2024 01:58 PM

FHLBank Pittsburgh Announces Exciting Headquarters Relocation

The Federal Home Loan Bank of Pittsburgh (FHLBank) is set to move its corporate headquarters to One Oxford Centre in Pittsburgh. This relocation is scheduled to take place at the close of business on a Friday. The new address will officially take effect shortly thereafter, bringing a fresh chapter for the institution.

Details of the New Address

Following this transition, the address for FHLBank Pittsburgh will be 301 Grant Street, Suite 2000, Pittsburgh, PA 15219. This central location is strategically chosen to enhance operational efficiencies and continue fostering strong partnerships with member institutions.

Contact Information Remains Unchanged

Despite the move, it is important to note that FHLBank’s employee phone numbers, as well as the main contact number, 800-288-3400, will remain the same. This consistency ensures that members and partners can continue to reach out without disruption.

Important Notices for Members

With the transition to the new headquarters, members are instructed to direct all written communications to the updated address. This protocol is especially crucial for notices related to various agreements, including the Advances, Collateral Pledge, and Security Agreement that govern member interactions.

Instructions for Standby Letter of Credit Beneficiaries

For beneficiaries involved with Standby Letters of Credit (LCs), it's vital that any requests for draws are sent to FHLBank’s new address post-relocation. This ensures that these important transactions continue to be processed smoothly and efficiently.

A Commitment to Community and Development

FHLBank Pittsburgh is dedicated to supporting the financial stability and growth of its member institutions, which range from commercial banks to credit unions. The products and services offered by the bank play a pivotal role in fostering community lending, housing initiatives, and economic development across Delaware, Pennsylvania, and West Virginia.

Legacy of FHLBank Pittsburgh

Since its establishment in 1932, FHLBank has been a cornerstone of the financial ecosystem, providing reliable funding and liquidity. As one of the 11 Federal Home Loan Banks created by Congress, it remains committed to empowering financial institutions and, by extension, the communities they serve.

Frequently Asked Questions

When is FHLBank Pittsburgh moving to its new headquarters?

The relocation will be effective from October 15, 2024.

What is the new address for FHLBank Pittsburgh?

The new address will be 301 Grant Street, Suite 2000, Pittsburgh, PA 15219.

Will the phone numbers change after the move?

No, FHLBank’s main contact number and employee phone numbers will remain unchanged.

What should members do with written notices after the move?

Members must send all written notices to the new address after October 15, 2024.

How does FHLBank support its member institutions?

FHLBank provides crucial funding and liquidity, helping support community lending and economic development initiatives.

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