The businesses of Maspeth have a reputation, built on ethics and community involvement. They hope this can help them survive the current economic crisis.

“We give back to the community. We’re not here to make money, but also enhance the lives of the residents,” said Thomas K. Rudzewick, the senior vice president of the Maspeth Federal Savings.
In spite of the growing unease about the economy, the feeling in Maspeth remains positive, even among the bankers and realtors who bear the brunt and blame for the nation’s financial woes.
The recent plummet of stocks has resulted in the collapse of the banking superpowers Bear Stearns, Lehman Brothers, mortgage giants Fannie Mae and Freddie Mac, and the insurance staple AIG. Yet the local bank appears to chug along smoothly. (more…)