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Financing The Hudson Valley


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For many small businesses in the Hudson Valley, the Paycheck Protection Program (PPP) has been a lifeline during the pandemic. Few people understand how important it was for small businesses to be able to continue operating quite like Doug Sturges, CEO of Sawyer Savings Bank, a financial anchor in the area celebrating its 150-year anniversary this year.
As a local bank, Sawyer Savings Bank was nimble enough to jump right into the PPP process, helping to support hundreds of small businesses by providing over $8 million in PPP loans all while continuing to employ its entire staff and providing essential services at all three of its branches in Saugerties, Marlboro, and Highland. It was weeks of long hours through the weekends, but that s just the way small banks operate, says Sturges. I m proud of how our team met these challenges in the past year. ....

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