Five Star Bank Donates $20,000 to PathStone Enterprise Center
Funding will provide training and technical assistance for minority-owned small businesses in Rochester and Buffalo
Five Star Bank recently donated $20,000 to PathStone Enterprise Center to assist in their efforts to develop credit repair specialists, technical assistance providers and mentors to work with Rochester and Buffalo minority-owned small businesses and entrepreneurs. In addition, the grants will support coordinated online classes for business owners that include basic business training, credit repair and technology for main street businesses. $10,000 was allocated to each market.
“Five Star Bank is proud to support organizations that empower individuals and neighborhoods in the communities we serve,” said Marty Birmingham, Five Star Bank President and CEO. “We have partnered with PathStone on various initiatives in the past and are pleased to continue our relationship. We firmly believe in PathStone’s mission to build small and micro-businesses in our communities.”
“We are grateful to Five Star Bank for their continued partnership and support. These grant funds provide us with operating support that will help sustain us during this crisis. Five Star also provides us with lending capital that we use to make loans to underserved clients, and we are especially thankful to them for making their staff available to sit on our small business loan committee,” said Hubert Van Tol, President of PathStone Enterprise Center.
About PathStone and PathStone Enterprise Center
Founded in 1969, PathStone’s mission is to build individual and family economic and social self-sufficiency by providing services designed to create opportunities for low-income individuals and families. The organization serves some 40,000 people across seven states and has a staff of more than 600.
PathStone Enterprise Center is an affiliate of Rochester-based PathStone, providing support for small businesses as a route to self-sustaining families. Its mission is to promote economic growth and enhance community wealth building of underserved populations by supporting the creation and expansion of small businesses and home ownership.
