Nave Bank® customers receive up to $10,000 grant from the Federal Home Loan Bank of New York

Nave Bank recently received a $40,000 grant from the Federal Home Loan Bank of New York (FHLBNY) to strengthen and support local businesses in Puerto Rico. The funds were awarded to four of the bank's clients as part of Nave Bank's ongoing commitment to driving economic growth across the island.

"Our Small Business Recovery Grant Program positions the FHLBNY to join our members in providing support to institutions that create opportunities and drive progress in their communities," said Alexies Sornoza, Vice President and Director of Community Investment at FHLBNY. "We are pleased to collaborate with Nave Bank on these grants and look forward to seeing how these businesses continue to positively impact Puerto Rico."

At Nave Bank, we remain deeply committed to the growth of small and medium-sized businesses and to the economic progress of Puerto Rico. We will continue developing initiatives and partnerships that foster financial stability, innovation, and the long-term strengthening of our local economy.

‍