Powers local communities with over $200,000 in EITC funds invested
Riverview Bank and its operating divisions of CBT Bank and Citizens Neighborhood Bank recently donated $5,000 to the Philipsburg-Osceola Education Foundation as part of a large giving allocation of $200,000 through the Education Improvement Tax Credit program.
The funds will support the organization in its worthy mission to partner with the district and community to secure resources and utilize talents that enrich the lives of every student.
Riverview Bank and its operating divisions is a participant in Pennsylvania’s Education Improvement Tax Credit (EITC) program.
The EITC program provides tax credits to eligible businesses when they contribute to scholarship organizations, educational improvement organizations or pre-kindergarten scholarship organizations. The credits allow companies to reinvest that money back into the local communities they serve.
Riverview Bank and its operating divisions will support over 40 EITC-approved non-profit organizations through the program allocation, providing $200,000 back to its local communities within 12 counties of Pennsylvania.