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

FHLBNY team in front of Santa Juanita Housing for the Elderly
AHP-Funded Rehabilitation of Senior Housing in Bayamon, PR
Member:
Trans-Oceanic Life Insurance Company
Project Name:
Santa Juanita Housing for the Elderly
Recipients:
Sponsor:
Hispanic Housing Development Corporation
HDP success story
A Home of Her Own Without Sacrificing Retirement Security
Member:
M&T Bank
Project Name:
Recipients:
Pamela O'Dell
Sponsor:
St. Thomas Federal Credit Union  Small Business Recovery Grant (SBRG) Success Story
Strengthening Communities in the U.S. Virgin Islands Through Community Give Back Grants
Member:
St. Thomas Federal Credit Union (STTFCU)
Project Name:
Small Business Recovery Grant (SBRG) Program
Recipients:
Sponsor: