Solvay Bank Announces $50,000 to Local Non-Profit Organizations In Partnership with the Federal Home Loan Bank of New York

Solvay Bank Announces $50,000 to Local Non-Profit Organizations In Partnership with the Federal Home Loan Bank of New York

08/16/2024

(Syracuse, NY): Solvay Bank recently awarded 10 local non-profit organizations a $5,000 grant as part of the Federal Home Loan Bank of New York's Small Business Recovery Grant (SBGR) Program.

The grant focuses on supporting small businesses and non-profit organizations that have faced economic challenges due to inflation, supply-chain constraints and/or rising energy costs. Funds may be used for reasonable and necessary expenses. Solvay Bank awarded grant checks to the 10 local recipients in August. The recipients included Exceptional Family Resources, Home HeadQuarters, Honor Flight Syracuse, North Area Meals on Wheels, St. Camillus Health & Rehab, Victory for Vets, Solvay Geddes Community Youth Center, Howlett Hill Volunteer Fire Department, Solvay Volunteer Fire Department and Taunton Fire Department.

"As a community bank, we believe in the power of small businesses and non-profit organizations to drive economic growth and positively impact our local neighborhoods," said Michele Fernandez, VP Enterprise Risk Manager & CRA Officer at Solvay Bank. "It is our mission to invest back, ensuring a brighter future for all. We thank the small businesses and local organizations for their commitment to our community."

Founded in 1917, Solvay Bank is the oldest community bank established in Onondaga County. Solvay Bank has nine branch locations in Solvay, Baldwinsville, Camillus, Cicero, DeWitt, Liverpool, North Syracuse, Westvale, downtown Syracuse in the State Tower Building, and a commercial lending presence in the Mohawk Valley. Solvay Bank's Insurance Agency, Inc. is a full-service general insurance agency. For more information about Solvay Bank, visit solvaybank.com.

The FHLBNY helps community lenders advance housing and community growth in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands. The FHLBNY is part of the congressionally chartered, nationwide Federal Home Loan Bank System and increases the availability of mortgages and home finance to families of all income levels by assisting members in more effectively serving their neighborhoods and meeting their Community Reinvestment Act responsibilities. More information at fhlbny.com.