Solvay Bank Announces $50,000 to Local Non-Profit Organizations In Partnership with the Federal Home Loan Bank of New York

(SYRACUSE, NY) – Solvay Bank has announced a combined $50,000 financial boost to the Central New York community by awarding individual $3,125 grants to 16 area non-profit organizations. Distributed through the Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant (SBRG) Program, this funding is specifically designed to support frontline community pillars navigating ongoing economic pressures. Recognizing that local non-profits face heightened operating challenges fueled by inflation, supply-chain interruptions, and escalating utility costs, Solvay Bank selected recipients heavily involved in critical safety-net services, including emergency food assistance.

Michele Fernandez, VP Enterprise Risk Manager & CRA Officer at Solvay Bank, emphasized that local non-profits and small businesses are essential drivers of neighborhood growth. Fernandez noted that the bank considers it a core responsibility to invest back into the region to foster a more resilient future. She also expressed gratitude to the selected organizations for their steadfast commitment to supporting the community through challenging economic times.

The 16 local grant recipients serving Onondaga County and surrounding neighborhoods include Amboy Belle Isle United Church, Baldwinsville United Methodist, Brown Memorial United Methodist Church, Cathedral of the Immaculate Conception, Church of Our Lady of Pompei - St. Peter, Camillus First United Methodist, Epiphany Parish, Holy Family Church, North Syracuse First Baptist Church (The Gathering Place), Northside Baptist Church, Sacred Heart Church of Cicero, St. Brigid and St. Joseph Church (St. Patrick's Church), St. Charles-St. Ann Church, St. Joseph’s Church, St. Mark the Evangelist Episcopal Church, and Vineyard Christian Fellowship of Syracuse.

Founded in 1917, Solvay Bank is the oldest community bank established in Onondaga County. Solvay Bank has ten branch offices located in Solvay, Baldwinsville, Camillus, Cicero, DeWitt, East Syracuse, Liverpool, North Syracuse, Westvale, downtown Syracuse in the State Tower Building, and a commercial lending presence in the Mohawk Valley. Solvay Bank’s Insurance Agency, Inc. is a full-service general insurance agency. For more information about Solvay Bank, visit solvaybank.com.

The FHLBNY helps community lenders advance housing and community growth in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. As part of the congressionally chartered, nationwide Federal Home Loan Bank System, the FHLBNY increases the availability of mortgages and home finance to families of all income levels. By assisting member banks in more effectively serving their neighborhoods, the FHLBNY helps them meet their Community Reinvestment Act responsibilities. Further details are available at fhlbny.com.