Magyar Bank was able to help with funds provided by the FHLBNY’s SBRG program.

Here are two more organizations that Magyar Bank was able to help with funds provided by the Federal Home Loan Bank of NY’s Small Business Recovery Grant Program. A total of $100,000 was distributed through this program, including $7,500 to The Arc of Somerset County and $3,000 to the Middlesex County Regional Chamber of Commerce.

The Arc of Somerset County

The Arc of Somerset County received $7500 from SBRG Program grant.

Middlesex County Regional Chamber of Commerce

Middlesex County Regional Chamber of Commerce received $3000 from SBRG Program grant.

The SBRG Program is intended to support the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis.

Latest Success Stories

Arrow Bank 2026
Arrow Bank Small Business Recovery Grant (SBRG) Success Story
Member:
Arrow Bank
Project Name:
Small Business Recovery Grant (SBRG) Program
Recipients:
Sponsor:
Palisades Federal Credit Union Small Business Recovery Grant (SBRG) Success Story
Palisades Federal Credit Union Small Business Recovery Grant (SBRG) Success Story
Member:
Palisades Federal Credit Union
Project Name:
Small Business Recovery Grant (SBRG) Program
Recipients:
Sponsor:
SeaComm Federal Credit Union Small Business Recovery Grant (SBRG) Program Success Story Photo of Norwood Fire Department
SeaComm Federal Credit Union SBRG Program Success Story Photos
Member:
SeaComm Federal Credit Union
Project Name:
Small Business Recovery Grant (SBRG) Program
Recipients:
Sponsor: