Solvay Bank awarded the grants to the 10 local recipients in December.
“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,” Michele Fernandez, VP enterprise risk manager & CRA officer at Solvay Bank, said in the news release. “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.”
About the institutions
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Founded in 1917, Solvay Bank describes itself as the oldest community bank established in Onondaga County. Solvay Bank has nine branch locations in Solvay, Baldwinsville, Camillus, Cicero, DeWitt, Liverpool, North Syracuse, Westvale, and downtown Syracuse in the State Tower Building.
The Federal Home Loan Bank of New York helps community lenders advance housing and community growth in New York, New Jersey, 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.
