CSRJul 22, 2026, 08:02 AM
Provident Bank Awards $50,000 in Grants to 6 Non-Profits
AI Summary
Provident Bank announced it has awarded $50,000 in grants to six non-profit organizations through the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. This initiative provides funds to support small businesses and non-profits facing economic challenges due to the current rate environment, inflation, supply-chain constraints, and rising energy costs. The bank emphasized its commitment to investing in the economic vitality of its local communities by providing resources to help these organizations thrive and continue delivering essential services.
Key Highlights
- Provident Bank awarded $50,000 in grants to 6 non-profit organizations.
- Grants were part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program.
- The SBRG Program provides up to $10,000 per grant to qualifying small businesses and non-profits.
- Recipients included Bloom Empower ($5,000), LISC NJ ($10,000), and Rising Tide Capital ($10,000).
- The grants aim to help local non-profits expand impact and deliver critical services.
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