Provident Bank announces $50,000 in grants to six nonprofits

Provident Bank has announced the organization recently awarded a total of $50,000 in grants to six non-profit 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 the small businesses of FHLBNY members, including farms and nonprofit organizations. Through the SBRG program, members can provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges because of the interest rate environment, inflation, supply-chain constraints and/or rising energy costs. 

“We deeply value our ongoing collaboration with the Federal Home Loan Bank of New York through the Small Business Recovery Grant Program,” said Leonardo Ramos, first vice president, community reinvestment act officer. “These funds provide a vital lifeline, enabling local organizations to continue serving their communities and providing essential services.”

As a dedicated member of the FHLBNY, Provident Bank continues to invest in local neighborhoods by ensuring small businesses and non-profits have the resources necessary to continue thriving.

These are the nonprofits received grants through the FHLBNY SBRG program:

• Focus Hispanic Center for Community Development   
• Neighborhood Housing Services of Queens CDC
• New Brunswick Tomorrow   
• Yonkers Partners In Education – Jersey City
• Big Brothers Big Sisters of Coastal & Northern NJ
• Team Walker