Page 4 THE VILLADOM TIMES II • February 22, 2012
Business
Atlantic Stewardship Bank will distribute $298,000 in charitable contributions to 288 recipients through the bank’s unique tithing program. The tithing program provides for the bank to share 10 percent of its pre-tax earnings annually with Christian and local civic non-profit organizations. All tithe recipients are selected at year-end by the Atlantic Stewardship Bank Board of Directors. In accordance with the tithing program, each year the Atlantic Stewardship Bank makes hundreds of donations, sending or hand delivering checks to food pantries, Christian missions and ministries, schools, libraries, police and fire departments, and other deserving recipients local to the bank’s branch offices. To date, the bank’s total tithe donations exceed $7.7 million. “Tithing is a biblical principle, meaning to give or devote one-tenth to God,” said Atlantic Stewardship
Atlantic Stewardship Bank donates $298,000
Bank President and Chief Executive Officer Paul Van Ostenbridge. “The thought of a bank giving away 10 percent of its profits each year is highly unusual, especially in the current 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 bylaws. Atlantic Stewardship Bank is proud to be able to continue to share a portion of its profits with those in need.” As Atlantic Stewardship Bank’s customer base grows, so does the bank’s Atlantic Stewardship Bank President and CEO Paul Van Ostenbridge and ASB Vice President ability to help others via and Regional Branch Manager Diane Ingrassia (right) present a donation to Nancy Dykstraincreased donations. A Powers, director of Bethany Christian Services of New Jersey. strong community bank, Atlantic Stewardship attracts hundreds of new accounts bank serving both individuals and businesses. The bank annually with its outstanding customer service, conve- maintains banking locations in Midland Park, Montville, nient locations, and diverse range of products and ser- North Haledon, Pequannock, Ridgewood, Waldwick, Westwood, Wyckoff, Hawthorne, and Wayne. The bank’s vices. Established in 1985, ASB is a full-service community website is www.asbnow.com.