To date, the Bank's total tithe and other donations exceed $11.2 million.
MIDLAND PARK, N.J. - March 26, 2019 - PRLog -- ASB recently made the announcement that, over the past twelve months, it has donated over $1,061,500 in charitable contributions to more than 300 recipients through the Bank's unique Tithing Program. ASB is privileged to tithe or give back 10% of its taxable income with nonprofit, educational, charitable and/or evangelical religious recipients each year.
"Tithing is a Biblical principle, meaning to give or devote one-tenth to God," said Atlantic Stewardship Bank President and Chief Executive Officer Paul Van Ostenbridge. "The thought of a bank giving away ten percent of its profits each year is highly unusual, especially in today's economy. We continue to do so because the founders of the Bank were so deeply committed to this concept, that the Tithing Program defines our mission and is part of our corporate by-laws. We are honored to be able to share a portion of our profits with those in need and remain faithful to our customers and the community."
In accordance with its Tithing Program, each year recipients are selected by the Bank's Board of Directors and ASB makes numerous donations; sending or hand delivering checks to Christian missions, schools and healthcare facilities as well as local nonprofit organizations such as food
pantries, libraries, police and fire departments and other deserving recipients local to the Bank's 12 branch offices.
As Atlantic Stewardship Bank's customer base grows, so does the bank's ability to help others by way of increased donations. As a premier community bank, Atlantic Stewardship Bank attracts hundreds of new accounts annually with its outstanding customer service, needs assessment, convenient locations and diverse range of financial solutions.
About Atlantic Stewardship Bank
Established in 1985, ASB is a full-service commercial bank serving both individuals and businesses. ASB maintains 12 banking locations, in Hawthorne, Midland Park, Montville, Morristown, North Haledon, Pequannock, Ridgewood, Waldwick, Westwood and Wyckoff, New Jersey, and two offices in Wayne, New Jersey. ASB is pleased to tithe, or share, 10 percent of its taxable income annually with nonprofit, educational, charitable and/or evangelical religious organizations. To date, ASB's tithing donations total more than $11.2 million. The Bank is a subsidiary of Stewardship Financial Corp., trading on the Nasdaq Capital Market under the symbol SSFN. The bank's website is http://www.ASBnow.bank.
Contact
Sarah Ferrington
sferrington@asbnow.com
201-444-7100, ext. 7159
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Atlantic Stewardship Bank Donates Over $1,061,500 Million to Support Our Community
March 26, 2019 at 13:29 PM EDT
