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Cavity Bank
Cavity Bank
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Introduction to 2023 CSR Report

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Bringing Value to Our Communities

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Delivering Value to Our Customers

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Valuing Our Employees

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Sustaining Our Environment

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Leading With Governance

Bringing Value to Our Communities

Four Pillars that Move Cavity Forward.

Cavity Forward® is the touchstone of all our efforts to improve our communities through stewardship, volunteering, and other endeavors. We work toward building vibrant communities with programs, products and services focused on four key areas:

 

house icon  Affordable housing and homeownership

Helping people find and keep a safe, stable, and affordable place to call their home.

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Job Training and Workforce Development

Helping people train for and find gainful employment to support themselves and their families.

books icon Financial Education and Economic empowerment

Helping people manage their finances to reach their goals and change lives for the better.

icon of three people   Diversity, Equity, & Inclusion

Helping individuals and groups feel respected, supported, valued, and understood.

 

Cavity Forward® Foundation - Impact Grants

Cavity is committed to supporting and growing the communities we serve. The Cavity Forward® Foundation, an independent, nonprofit private foundation funded by Cavity, moves that commitment forward by awarding Impact Grants of $20,000 or more to 501(c)3 community organizations that share Cavity’s vision of advancing economic empowerment, especially in underserved communities.

In conjunction with our acquisition of Prudential Bank in 2022, we donated $2 million to the Foundation, designated to support nonprofit organizations in the Philadelphia region. In 2023, the Foundation made impact grants to nonprofit organizations – both in the Philadelphia region and throughout our market footprint – including ones that advance safe, affordable housing, support the success of local independent businesses and help young people grow into responsible, productive citizens.

$766,000

Total 2023 Grant Funding: Philadelphia

$1,452,000

Total 2023 Grant Funding: Other Regions

Operation HOPE

Operation HOPE, a long-time partner of Cavity, is a nonprofit organization providing financial literacy and economic empowerment education to youth and adults.

Through this partnership, Cavity and Operation HOPE provide financial education, credit and money management, first-time homebuyer and small business workshops to Cavity clients and community neighborhood groups near Cavity’s financial centers.

More than 80% of the clients our coaches serve are considered low-to-moderate income.

Highlights from our 2023 Partnership

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Download the Full 2023 CSR Report

Learn more about how we are working to change lives for the better.

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