NYBA was pleased to co-sponsor the New York Fed's 2011 Financial Awareness Video Competition. Congratulations to first-prize winner Kenneth Bordes-Hollon of New York City College of Technology! Click on the link to see "Credit Costs."

http://link.brightcove.com/services/player/bcpid780007700001?bckey=AQ~~,AAAADpP7RKE~,AGPtOboXuLnwbdeFklwK7fvvpbpg2uRL&bclid=0&bctid=1313844107001

Chase announced on December 20 that it has made grant of $6 million to the National Development Council (NDC). The Council is a designated CDFI and is based in Manhattan. It focuses on small business lending in the tri-state area. 

Bob Davenport, president of NDC, says the grant is the largest the group has ever been given.  As reported by Crain's, Mr. Davenport said "It will really enable us to continue our mission to work with emerging small businesses in low-income communities."

The grant...

The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank^®, donated $77,834 from August through October to non-profit organizations throughout New York that focus on affordable housing, financial literacy and education, and the environment.

As part of TD Bank’s commitment to giving back to the community, the TD Charitable Foundation awarded 15 grants to non-profit organizations that provide affordable housing, financial literacy and education,...

Bank of America has opened a customer assistance center in West Hempstead.  Borrowers will have the opportunity to meet face-to-face with Bank of America home retention specialists at the center to review options for home loan modifications or other alternatives to foreclosure, as well as review loan modification files already in progress.  Bank of America is opening a similar center in Brooklyn. Sincethe beginning of 2011, the bank has expanded its nationwide network of customer assistance...

Flushing Financial Corporation announced that the Bank donated PCs to the Cristo Rey Brooklyn High School. John R. Buran, President and Chief Executive Officer of Flushing Financial Corporation stated: “It is great to know that these PCs, which are no longer needed at the Bank, will be used in a computer lab that will serve as a valuable resource to the students of Cristo Rey Brooklyn High School. Cristo Rey offers an outstanding education program for young people with limited economic...