GLENMONT — In a town full of large banks, the National Bank of Coxsackie stands out as a valued and trusted member of the Bethlehem community.
The Vice President, Manager and Business Development Officer for the bank’s Glenmont branch, Jody Shaw, explained that as a community bank, the primary goal is to be “able to service the people where we work.”
And whether it’s through PPP loan forgiveness or community service, they certainly achieve this mission.
The bank is active with the Bethlehem Chamber and participates in NBC Cares. As a part of this program, the office closes for a day, following a collection drive for canned and dry foods, to volunteer at the Bethlehem Food Bank.
Additionally, the bank sponsors a Little League team in Bethlehem and has hosted the parade for Battlefield and Beyond.
While the bank’s community service certainly has a positive impact on the community, its effort to connect with local businesses is the true pillar of its business model.
“Being that we’re a community bank, we’re committed to helping local economics grow,” said Shaw.
Unlike many businesses during COVID-19, The National Bank of Coxsackie was able to stay open. Some businesses, however, were not so lucky. Those that were forced to shut down are now in need of financial assistance, and the bank is prepared to help. It is offering a 5-year, low-rate small business loan.
Shaw explained that this loan is designed to help small businesses that were hit hard by the pandemic. “Maybe there’s a loan there for a low rate to help them get back on their feet while they’re all reopening.”
“We’re really committed to finding a way to help,” said Shaw. “… We’re definitely hands on and committed to working with each individual and each company to help them.”
