April 28, 2021 – Glen Rock Savings Bank has distributed substantial financial relief to five small businesses and three non-profit organizations throughout northern New Jersey. Totaling $70,000, the direct payments are part of the Federal Home Loan Bank of New York’s (FHLBNY) COVID-19 Small Business Recovery Grant program.
“As a proud member of the Federal Home Loan Bank of New York, Glen Rock Savings Bank is honored and grateful to play a role in helping organizations financially impacted by the protracted pandemic,” said President and CEO Ferdinand R. (Fred) Viaud. “As we continue to emerge from this unprecedented health and fiscal crisis, we will continue assisting our customers in any way we can.”
The three non-profits who received grant monies are the Boys and Girls Club of Hawthorne; CASA – SHAW of Lebanon, which provides court-appointed advocates for abused children; and the Baptist Home Society’s The Cliffs at Eagle Rock, an assisted living facility in West Orange. Businesses who received grant money include a restaurant, preschool, toy store, gym and local retail shop.