New Jersey Bankers, a Cranford-based banking association, announced on Wednesday it has launched a charitable initiative for the New Jersey Pandemic Relief Fund to help fight the economic and social impact of COVID-19.
The fund was founded by First Lady Tammy Murphy on March 24 to stop the spread of the novel coronavirus, support health care and provide aid the vulnerable. NJ Bankers said it would match member donations of up to $50,000. So far, the New Jersey Bankers Charitable Foundation has contributed $112,700 to the NJPRF.
Member participants include: 1st Colonial Community Bank, Columbia Bank, First Bank, Investors Bank, Lakeland Bank, Matrix Analytics, Mariners Bank, McCarter & English, LLP, OceanFirst Bank, Peapack-Gladstone Bank, Regal Bank, RSI Bank, SB One Bank, Somerset Savings Bank and Valley Bank.
To date, NJ Bankers and member banks have raised nearly $400,000 for the fund.
Here’s a sampling of what NJ Bankers member banks are doing:
- Kearny Bank: Along with NJBankers, is donating $200,000 to eight critical care institutions and charities in six different New Jersey counties;
- Manasquan Bank: Along with NJ Bankers, has $100,000 set aside for additional grants to support relief efforts. Each grant will be up to $2,500;
- Provident Bank: Offering multiple level grants for community and economic development programs;
- Unity Bank: Supported Hunterdon Medical Center’s COVID-19 response efforts;
- Wells Fargo: Donated $50,000 to support organizations facing hardships due to the pandemic, according to a Wells Fargo spokesperson.