For the Second Consecutive Year, Provident Bank Announces $50,000 in Grants to 6 Non-Profit Organizations

Core Insights - Provident Bank has awarded a total of $50,000 in grants to 6 non-profit organizations through the FHLBNY Small Business Recovery Grant Program, aimed at supporting small businesses facing economic challenges [1][3] Group 1: Grant Program Details - The Small Business Recovery Grant Program allows FHLBNY members to provide grants of up to $10,000 to qualifying small businesses affected by economic issues such as inflation and supply-chain constraints [1] - The grants are intended to benefit small businesses, including farms and non-profit organizations, that are members of FHLBNY [1] Group 2: Beneficiary Organizations - The non-profit organizations that received grants include: - 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 [5] Group 3: Company Overview - Provident Bank, founded in 1839, is the oldest community-focused financial institution in New Jersey, with assets totaling $24.83 billion as of September 30, 2025 [4][6] - The bank operates a network of 140 branches across New Jersey and parts of New York and Pennsylvania, offering a range of financial solutions and services [4][6]