SEPTEMBER 2020
NVE Bank awards $100K in grants to Bergen restaurants, makes
$10K donation to food pantry
NVE Bank has continued its philanthropic fight against the pandemic, awarding $100,000 in grants to Bergen County restaurants affected by COVID-19 and making a donation to a food pantry in Englewood, where the bank is based.

The latest grants will support restaurants that experienced a significant decrease in revenue due to the COVID-19 crisis, the bank said.

“With many local small businesses hit hard by the pandemic, we felt it was important to help however we could,” CEO and President Robert Rey said in a prepared statement. “For many of these businesses and organizations, large portions of their revenue have been curtailed due to the pandemic. NVE is thankful to be able to help them get back on track.”

In addition to the restaurants, the Office of Concern Food Pantry at St. Cecilia Church received a $10,000 donation. The food pantry has seen usage grow from 600 families weekly to closer to 1,000.

“Through the years, we have been fortunate to partner with the Office of Concern, and have witnessed firsthand the essential services they provide for our neighbors in need,” Rey said. “We are grateful to be in position to further assist their remarkable efforts to help others during this very difficult time.”

JULY 2020
NVE Bank Awards $100,000 in Grants to 10 Bergen County Non-Profits Impacted by COVID-19
NVE Bank has awarded $100,000 in grants to 10 Bergen County non-profit organizations impacted by COVID-19. The organizations are in Bergenfield, Closter, Cresskill, Englewood, Hillsdale, Leonia, New Milford, and Tenafly; each received $10,000. NVE’s grantees are dedicated to supporting education, food insecurity, home repair for low-income homeowners, nature preservation, and faith-based initiatives.

NVE Bank provided the funds in conjunction with the FHLBNY SBRG program. Grant funds are intended to support organizations that have experienced a significant decrease in revenue or unanticipated extraordinary expenses because of the ongoing COVID-19 crisis and are least likely to have access to other sources of emergency funds.

“As a community mutual bank, our mission is to ensure the people and organizations in the nine towns we serve remain strong, even in these difficult times,” said NVE Bank President and CEO Robert Rey. “We do not issue stock or exist to maximize investor returns for Wall Street, which allows us to focus on serving our customers and community. Our goal with these grants is to help those that help our communities. For many of these organizations, large portions of their revenue are secured through fundraising programs and events that were canceled due to the pandemic. NVE is thankful to be able to help them get back on track by providing these grants.”

JUNE 2020
NVE Bank Awards Scholarships to 17 Bergen County Students
The 2019-2020 school year can surely be described as one of the most unique and challenging in modern history. While there has been much uncertainty surrounding most aspects of daily life during this time, one thing we are certain of is how deserving NVE’s 2020 scholarship recipients are of this award. These scholarships are awarded to students based on scholastic aptitude and financial need, with the goal of helping to alleviate some of the costs associated with achieving a higher education.

$1,000 scholarships were provided to ten high schools and $500 savings products were provided to six middle schools. The schools then selected the scholarship recipients. These student scholarships are part of a program that has been offered by the Bank since 2008; since the program’s inception, NVE has awarded more than $190,000 to 257 deserving scholars in Bergen County.  Meet the NVE Bank Scholarship Program class of 2020:

High School Scholars
Sydney Amaro (Teaneck High School) – Pace University
Chan Eui Kim (Leonia High School) – New York University
Aaliya Gibson (Teaneck High School) – Drexel University
Jean Jabouin (Pascack Valley High School) – Brigham Young University
Isabella Jang (Cresskill High School) – University of Pennsylvania
Kamila Mazzoni (Academies at Englewood) – Rutgers University
Amber Merschrod (Bergenfield High School) – Bergen Community College
Sterling Salmini (Tenafly High School) – Lehigh University
Alexis Senadrin (New Milford High School) – Rutgers University
Katherina Volin (Northern Valley High School) – University of Alabama
Lee Ann Welch (Dwight Morrow High School) – Bergen Community College

Middle School Scholars
Angelica Acio – David Owens Middle School
Remi Bachrach – Janis Dismus Middle School
Rebecca Gomez – Roy Brown Middle School
Ava Mattessich – Cresskill Middle School
Alyvia Polite- Benjamin Franklin Middle School
Yutaka Uchida – Leonia Middle School

NOVEMBER  2019
NVE Bank Launches Thanksgiving Food Drive
Donations will benefit St. Cecelia’s Office of Concern Food Pantry
NVE Bank has launched a bank-wide Thanksgiving food drive to benefit the families who rely upon the St. Cecilia Office of Concern Food Pantry.  Staffed completely by volunteers, the Office of Concern Food Pantry located at 55 West Demarest Avenue in Englewood, supplies weekly groceries to over 900 families in Englewood and surrounding communities, and is the largest single location food pantry in Bergen County.  NVE is asking for donations of non-perishable food items such as canned fruits and vegetables, pasta, breakfast cereals, cranberry sauce and stuffing.

“As a mutual bank, NVE has deep roots within the towns we serve and is committed to ensuring that our communities remain healthy and strong” commented Robert Rey, President & CEO of NVE Bank.  “Through our Food Drive, we hope to make Thanksgiving a little brighter for our neighbors in need”.

OCTOBER 2019
NVE Bank Sponsors Bergen-Passaic Heart Walk
Englewood Mutual Bank Donates $5,000 to the American Heart Association
Englewood, NJ, October 7, 2019 – NVE Bank served as a sponsor of the 2019 Bergen-Passaic Heart Walk held on October 6, 2019 at the Express-Scripts Campus in Franklin Lakes, New Jersey.  Employees of the Englewood-based community bank participated in the walk, which serves as a signature fundraising event of the American Heart Association.  In addition, NVE Bank donated $5,000 to the American Heart Association, supporting its efforts to reduce death and disability from cardiovascular diseases and stroke.  “Heart disease and stroke are the country’s Number 1 and Number 4 killers” said NVE President and CEO Robert Rey.  “We have deep roots within the towns we serve and are committed to making a difference through our time and resources to ensure communities remain healthy and strong.”