bankESB Makes a Major Commitment to Valley Community Development to Support First-Time Homebuyers and Economic Growth

bankESB is proud to announce a $10,000 donation to Valley Community Development (Valley) to support its critical efforts in fostering affordable housing, economic development, and entrepreneurship in the local community. This contribution is part of a three-year, $30,000 commitment and made through the Community Investment Tax Credit (CITC) program, which allows businesses and individuals to provide flexible working capital that can fund new programs, fill gaps, and leverage other resources.

The donation will provide direct support to Valley’s programs, including small business assistance programs that helps support first-time homebuyer counseling and education so more community members can realize the dream of homeownership.

“bankESB is deeply committed to strengthening the communities we serve, and we are proud to partner with Valley to make a meaningful impact,” said Matthew Sosik, president and CEO of bankESB. “Their work in affordable housing and economic development aligns with our mission to create opportunities and build a more sustainable future for all.”

Valley has been a cornerstone of community development in the region, working tirelessly to provide affordable housing and small business resources that empower individuals and contribute to the local economy. The small business program has helped numerous entrepreneurs launch and expand their businesses, fostering job creation and economic vitality.

“Valley is grateful for the support of such a community centered bank. This three-year commitment from bankESB shows the investment the bank is making in community and economic development,” said Alexis Breiteneicher, Valley’s executive director.

bankESB’s donation reinforces its longstanding commitment to community investment and social responsibility. Through partnerships with organizations like Valley, the bank strives to enhance the quality of life for residents and support a thriving local economy.

For more information about bankESB’s community giving initiative, The Giving Tree, click here. To learn more about Valley and its programs, visit valleycdc.org.

In this Photo:
George Michelakis, branch officer, bankESB
Alexis Breiteneicher, executive director, Valley Community Development
Donna Cabana, homeownership program manager, Valley Community Development
Richard Abbot, director, Valley Community Development
Gary Turku, senior vice president of retail banking, bankESB