FHLBNY partnered with Century Savings Bank of Vineland to assist B & B Poultry Co., Inc.
We were pleased to have partnered with Century Savings Bank of Vineland to assist B & B Poultry Co., Inc. in completing environmentally friendly, essential infrastructure upgrades at its world-class processing facility in Norma, Salem County, New Jersey, through our innovative Business Development Advance (BDA) program.
“It is critical to the lifeblood of manufacturers to invest in infrastructure,” said Josh Fisher, President and CEO of B & B Poultry Co., Inc. “This funding allowed us to make various upgrades to our infrastructure, including our Waste Water Treatment system. These improvements not only support operational efficiencies for B & B Poultry but are also environmentally responsible.”
“This is exactly the kind of result we envisioned when we launched the BDA: local lenders accessing their Home Loan Bank membership to further strengthen their relationships with small business clients,” said Adam Goldstein, Chief Business Officer of the FHLBNY. “We created the BDA in close collaboration with our members, including significant input from Century Savings Bank, and we are thrilled to see the program in action to the benefit of B & B Poultry Co., Inc. and the South Jersey business community.”
To read the full release and learn more about BDA and B & B Poultry Co., Inc., click here.