New initiative aims to support small businesses and community organizations redefining growth during uncertain times
PERKASIE, Pa. (October 2020) – Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, is pleased to introduce a new grant program aimed at supporting local businesses and nonprofits.
The Growth in Action Small Business Grant program will provide eligible organizations the opportunity to access up to $5,000 in funds to help grow their business or community during these uncertain times. In addition to the financial benefit of the grant, recipients will have access to free consultations from the bank’s team of subject matter experts, from investments to human resources to marketing, to ensure they can continue to grow. Penn Community Bank also will help highlight the importance of businesses and nonprofits throughout the region.
“The Growth in Action Small Business Grant program is an extension of our core mission to be a catalyst for growth throughout communities we serve,” said Jeane M. Vidoni, president and CEO of Penn Community Bank. “We believe in real partnership and rising to challenges in real time the way only a community bank can. We want current and potential customers alike to know that when we’re in your neighborhood, so is greater good banking.”
“We’re launching this initiative to meet the needs of our customers and communities as they work to bridge the gap between the pandemic and what comes next,” said Krista Harper, Penn Community Bank director and chair of the Community Relations and Contribution Committee. “Our team was proud to play an integral part in local, state and federal relief efforts such as the Paycheck Protection Program (PPP), and the Growth in Action Small Business Grant program is our way of sustaining support for the businesses and groups that make our communities special.”
Growth in Action Small Business Grants are open to qualified businesses, professional associations, and 501(c)3 nonprofits throughout Bucks and Montgomery counties. Applicants do not need to be current customers of Penn Community Bank. Applications are due by Nov. 2, 2020. Program details and applications are available at PennCommunityBank.com/grants.
Penn Community Bank has helped lead the community’s response to the COVID-19 outbreak in various ways, including:
- Partnering with the United Way of Bucks County to launch the Bucks County COVID-19 Recovery Fund.
- Working with the Bucks County Health Improvement Partnership to establish the Penn Community Bank Healthcare Operational Priority Emergency (HOPE) Fund to cover the cost of care for some of the community’s most vulnerable residents.
- Donating 1,400 N95 masks to the Bucks County Emergency Service Center.
- Providing an extra week’s pay for bank team members during the pandemic through PennCares Pay, and more.
About Penn Community Bank: Penn Community Bank holds more than $2 billion in assets, employs more than 350 people, and offers banking, lending and investments at 24 bank branches and two administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.