Attorney General Eric Schneiderman briefed Suffolk County elected officials on his investigations into the banking system and the mortgage crisis at the Hauppauge Legislative Auditorium on September 19, 2011. Photograph left to right: Jay H. Schneiderman, Suffolk County Legislator; Steve Englebright, Assemblyman; Vivian Viloria-Fisher, Suffolk County Legislator; Robert Sweeney, Assemblyman; Eric Schneiderman, NY State Attorney General; Owen H. Johnson, Senator; Wayne Horsley, Suffolk County Legislator; DuWayne Gregory, Suffolk County Legislator; and Ricardo Montano, Suffolk County Legislator.
Senator Owen H. Johnson joined employees of Bethpage Federal Credit Union along with members of the Babylon Town Chamber of Commerce and other elected officials to celebrate the opening of the new Bethpage Federal Credit Union branch in West Babylon. The official ribbon cutting ceremony took place on February 16, 2012 at the new branch location at 555 Montauk Highway, West Babylon in the Pathmark Shopping Center.
Governor Andrew M. Cuomo announced that several major state-chartered banks have agreed to waive a number of fees and penalties in response to the impact on consumers by Storm Sandy. State-chartered banks that will drop the fees include M&T Bank, Apple Savings, Dime Savings Bank of Williamsburgh, Emigrant Savings Bank and New York Community Bank.
Governor Andrew M. Cuomo announced that the New York Bankers Association (NYBA) and the New York Business Development Corporation (NYBDC) have agreed to establish a $10 million small business emergency loan fund to provide immediate financial assistance for businesses impacted by Storm Sandy. Under the fund, businesses will be able to apply for loans of up to $25,000 immediately by going to www.esd.ny.gov or calling 1-855-NYS-SANDY.