Page 37 - 2021 Queens Economic Development Guide

quickly acted by preparing an extensive forbearance program that remains in effect to this day. Our mission is to provide building loans to the communities we serve and that means staying with borrowers through good times and bad.
Our corporate giving program has always been strong, and we recognized that community service organizations were in serious trouble.
Nonprofits and charitable organizations quickly lost funding, but I’m proud to say, in many cases, we filled the gaps. We provided $50,000 in monetary funding to local organizations to sustain community programs that were at risk due
to limited funding. This included distribution of hundreds of meals and over $20,000 of PPE to first
Above: One of the many free concerts MFS sponsors for the community. Parrotbeach, a Jimmy Buffet Tribute band, performed at Memorial Park in New Hyde Park in the Summer of 2021.
responders, hospitals, nursing homes and essential workers. Additionally, ten nonprofit organizations benefitted from our COVID Grant Campaign and shared over $30,000 of monetary and PPE contributions.
There are many healthcare workers in my family, and it was
clear that people in this industry really needed a morale boost.
To accomplish this, we partnered with Splashes of Hope, and invested in three hand-painted murals that were gifted to local hospitals. This project supported local artists and brought hope and positivity to first responders.
WE BELIEVE
IN LOCAL BUSINESSES
That’s why we make every business relationship personal. It’s also why, when times were tough, our team helped area businesses access millions of dollars in Paycheck Protection Program loans to help keep their doors open.
Now, as our communities get back to business, we’re ready to help provide the solutions you need to take your next step. And the one after that.
www.ridgewoodbank.com (844) 772-4722
“We would like to thank Ridgewood Savings Bank and its people for providing excellent support during this difficult time.”
Paul and Antonella DeMarinis
GSCE Construction
© 2021 Ridgewood Savings Bank
www.queenschamber.org 35
© Maspeth Federal Savings