Provident Bank recently awarded a total of $50,000 in grants to 11 small businesses and 4 nonprofit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program.
The SBRG program provides funds to benefit FHLBNY members’ small businesses, including farms and non-profit customers. Through the SBRG Program, members can provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs.
“Provident Bank is proud to partner with the Federal Home Loan Bank of New York to support these worthy organizations through the Small Business Recovery Grant Program,” Mary Brown, senior vice president, chief compliance officer, said. “These grants are essential to the financial well-being of these establishments and their ability to serve their customers,” Brown added.
As a FHLBNY member bank, Provident Bank is committed to fostering the economic prosperity of small businesses and non-profit organizations in the local communities it serves.
