NVE Bank Receives Community Service Award

NVE Bank recently received the 2010 Community Service Award from the NJBankers Association for our participation and efforts in improving the lives of NJ citizens and the communities we serve.  “I believe that the NVE Team does an outstanding job at participating in local service organizations and charitable events.  Employees generously give their personal time to lend a helping hand whenever they can,” noted Robert Rey, President of NVE Bank.

 NVE Bank was awarded this honor at the 2011 NJBankers Convention for our community efforts throughout 2010.  Awards were considered based on community involvement and asset size, and NVE was selected over a group of numerous NJ banks.  NVE Bank’s involvement included participation with the March of Dimes Walk, Teach Children to Save Program, their Annual Scholarship Program, the Woman’s Club of Leonia and Englewood Hospital’s Walk for Awareness to name a few.  The NJBankers Association will compile a book to share with legislators and the media showing the contributions of community banks.  

 

NVE Team

“This not only confirms our commitment to our customers and neighbors, but demonstrates in these tough economic times why customers belong here and what a positive impact we make together at each and every event,” added Mr. Rey.

NVE Bank Participates in National Rebuilding Day

Englewood, NJ, June 2011- Robert Rey, President of NVE Bank, is pleased to announce that NVE Bank joined Rebuilding Together Bergen County (RTBC) on April 30^th, as part of National Rebuilding Day in Englewood, NJ.

 NVE Bank had over 14 employees volunteer to paint, garden and make repairs to the Bergen Family Center, the oldest continuously operating family service agency in Bergen County.  Additionally, NVE donated $6,000 to Rebuilding Together Bergen County to assist with providing free home repairs and modifications for low-income homeowners.  “We are committed to making a difference in the communities that we serve,” noted Mr. Rey.

 NVE volunteers worked diligently alongside other Rebuilding Together friends and volunteers, including members of the Junior League of Bergen County and Church of the Atonement in Tenafly.  In addition to the work at the Bergen Family Center, more than 300 Rebuilding Together volunteers worked at seven homes across the county on National Rebuilding Day.

 “Over the last thirteen years, we have completed some two hundred projects in Bergen County,” said RTBC president MaryEllen Doster. “We are always grateful to see corporate sponsors like NVE come out to support the work at the home or community building their funding supports.”

 About Rebuilding Together Bergen County – Founded in 1998, Rebuilding Together Bergen County has provided assistance to more than 200 homeowners in 44 towns.  Its core home-repair work focuses on home safety, energy efficiency, and accessibility for seniors, the disabled, veterans and families with children.  In addition, Rebuilding Together renovates community centers and nonprofit facilities that serve similar populations.  For more information, call 201-447-8886 or visit www.RebuildingTogetherBergen.org.  Media Contact: Lynn Buckingham, Lynn@RebuildingTogetherBergen.org, 201-447-8886

NVE Bank Employees Help Local Students Learn Financial ABC’s

Englewood, NJ, May 2011- Employees of NVE Bank recently gave a savings lesson to over 250 first, second and third grade students in Englewood, Cresskill and Closter, NJ, as part of the American Bankers Association Education Foundation’s 15th Annual Teach Children to Save Program.

“Studies show that children aren’t learning the skills they need to make smart financial decisions as adults,” said Robert Rey, President of NVE Bank. “Communities and schools teach life skills, but we don’t spend enough time teaching financial skills.”

The presentations included activities about the concept of saving, interest and determining needs vs. wants. Since the American Bankers Association Education Foundation’s National Teach Children to Save Day began in 1997, thousands of bankers have taught money skills to more than one million students.

NVE Bank, established in 1887, offers an extensive range of personal and business products and services. The Bank maintains 12 offices conveniently located throughout Bergen County. For more information, please call their toll-free number 1-866-NVEBANK (683-2265) or visit their website at www.nvebank.com.

NVE BANK INITIATIVE AIMS TO EDUCATE

The ABA Education Foundation is challenging the banking industry to teach savings education to more children than ever before and open 15,000 new children’s savings accounts, in honor of the 15^th anniversary of Teach Children to Save Day on April 12. NVE Bank is taking the challenging and will be participating in the Teach Children to Save event on April 27^th and 28^th at local elementary schools.

“We applaud thousands of banker volunteers for committing their time and expertise to give students a head start towards financial success,” explains Laura Fisher, the executive director of the ABA Education Foundation. “We hope to reach more than 900,000 this year and motivate families to visit their local bank and open a children’s savings account.” 

“New research has shown that a child with a savings account in their name is seven times more likely to go to college.  Education is only one part of the equation in helping kids form a savings habit,” said Robert Rey, President of NVE Bank.  “At the end of the day, we hope lessons will inspire students to make saving a regular part of their lives.” 

The Teach Children to Save program connects bankers with students for savings education lessons. Bankers use their real life experiences and their background knowledge to motivate students to become lifelong savers. Registered banks receive free online training, getting started and promotional materials, and are featured on the Teach Children to Save Honor Roll, the foundation’s list of participants.

 The ABA Education Foundation provides financial education programs and resources that help bankers make their communities better. Nearly 100,000 bankers have taught basic finance skills to about 4 million young people through participation in the Foundation’s signature programs, Teach Children to Save and Get Smart About Credit. Founded by bankers in 1925, the foundation is guided by a board of bankers and is an affiliate of the American Bankers Association. For more information, visit www.abaef.com or call 1-800-BANKERS.  

NVE Bank, established in 1887, offers an extensive range of personal and business products and services. The Bank maintains 12 offices conveniently located throughout Bergen County. For more information, please call their toll-free number 1-866-NVEBANK (683-2265) or visit their website at www.nvebank.com.

NVE Bank Story

NVE Bank remains to be one of the strongest community-based organizations in New Jersey.  We are conducting business as usual by providing loans to residents and businesses within the areas we serve, as we have since 1887, when our doors first opened for business.

NVE Bank continues to be financially sound as we conservatively manage the Bank to protect our depositors.  Additionally, we are well in excess of all required regulatory capital levels and have funds available to lend.

We are confident about the future of our Bank and committed to serving our customers for another 120 years.  Feel free to visit any of our 12 conveniently located branches, call toll-free at 1-866-NVE-BANK (1-866-683-2265) or visit nvebank.com for more information.

Welcome to our blog!

As President of NVE Bank, I cordially welcome you to our new blog.  We will be providing you with lots of financial information on a regular basis. For example, we will have a “Community Link” telling you about past and upcoming events. In addition, we plan on having lots interaction with you wherein you can ask questions of people who work in the Bank.  We’ll also include the latest news about the Bank, me and our people as well. Thank you for logging in!

Rob Rey

President, NVE Bank