Community

6/29/2021 Abacus Bank has distributed $100,000 COVID-19 Small Business Recovery Grant(SBRG) checks from Federal Home Loan Bank of New York(FHLBNY) to 10 non-profit organizations in our community. Here are the 10 organizations: Organization Name Organization Type Grant Amount Beijing Chinese School Inc. Non-Profit $10,000 Chinatown Day Care Center, Inc. Non-Profit $10,000 CITYarts Inc. Non-Profit $10,000 Homecrest Community Services Inc. Non-Profit $10,000 Immigrant Social Services, Inc. Non-Profit $10,000 New York Chinese School Inc. Non-Profit $10,000 Transfiguration School Non-Profit $10,000 True Light Lutheran Church Non-Profit $10,000 UA3, Inc. Non-Profit $10,000 United East Athletics Association Inc. Non-Profit $10,000 Abacus Bank Director Vera Sung and President/CEO Jill Sung have presented the COVID-19 SBRG checks to 10 grantees. According to the program guideline, the maximum amount of this grant a non-profit organization could get is $10,000. Abacus has distributed the same kind of Grant to a different group of organizations and small businesses in July of last year. Since COVID-19 has caused great trauma to our community, it is a great honor for Abacus obtained this SBRG and distributed to those organizations of our community. News Coverage:(Chinese Media) Sinovision World Journal Epoch Times 1 Singtao Daily