Through the Pennsylvania Educational Improvement Tax Credit (EITC) Program, Peoples Security Bank & Trust (PSBT) contributed $1,572,581.46 in 2025 to support educational organizations across its service footprint. The EITC Program allows businesses to support education by directing a portion of their state tax obligations to a qualified scholarship organization, educational improvement organization and/or a pre-kindergarten scholarship organization.
PSBT’s EITC contributions helped fund scholarship programs, classroom materials, educational supplies, school grants and specialized academic initiatives designed to expand access to quality education. In total, 110 organizations benefitted from these funds, including private schools, scholarship organizations, pre-kindergarten programs, school districts, colleges and universities, and other nonprofit partners serving students and families throughout the bank’s Pennsylvania footprint.
Since 2015, PSBT has contributed more than $8.6 million through the EITC program.
“It is important to us to invest in education because strong schools help build strong communities,” Jeffrey Drobins, executive vice president and chief lending officer of PSBT, said. “The EITC Program allows us to make meaningful investments that support students today while helping to strengthen our communities for the future.”
