Thursday, May 23, 2024
HomeBusinessEssex Savings Bank Announces 2024 Donations from its Community Investment Program

Essex Savings Bank Announces 2024 Donations from its Community Investment Program

Submitted by Luke Fumiatti

(May 10, 2024) — Essex Savings Bank has announced tens of thousands of dollars in donations to non-profit organizations in the area through its 2024 Community Investment Program (CIP). CIP represents Essex Savings Bank’s commitment to community banking, providing donations to local nonprofits since 1995.

The ballot portion of the CIP allowed each Bank customer to select three out of eighty-four local nonprofits to receive a donation from a $120,000 fund. Funds disbursed were directly proportional to votes received. Essex Savings Bank has sent contribution checks to local nonprofits completing the 2024 CIP ballot portion.

The recipients of the top three largest donations in 2024 are as follows: Shoreline Soup Kitchen and Pantries ($9,766), Forgotten Felines, Inc. ($5,002), and Valley Shore Animal Welfare League ($4,208).

President and CEO Diane Arnold is pleased to share that every organization on the ballot will receive funding. “We are ever fortunate to have the opportunity to support a diverse group of remarkable organizations year in and year out. We earnestly hope our contributions can help these nonprofits create positive change in our communities.”

The Bank celebrates the contributions it has made to more than 200 nonprofits, totaling nearly two million dollars from the CIP ballot portion, and almost six million dollars from the CIP as a whole since the program’s inception.

For more information on the Community Investment Program, the annual ballot and Essex Savings Bank, please visit www.essexsavings.com.

Top Contributions Organization/Fund Allocation

Shoreline Soup Kitchens & Pantries $9,766

Forgotten Felines, Inc. $5,002

Valley Shore Animal Welfare League $4,208

Bikes for Kids, Inc. $3,547

Essex Fire Engine Company #1 $3,308

Estuary Council of Seniors, Inc. $2,938

Essex Ambulance Association Incorporated $2,885

Essex Library Association $2,753

A Little Compassion/The Nest Coffee House $2,673

Camp Hazen YMCA $2,647

Essex Savings Bank is an FDIC-insured, state-chartered mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex, Chester, Madison, Old Lyme and Old Saybrook providing a full complement of personal and business banking. Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Division, Essex Trust, and its wholly-owned subsidiary, Essex Financial Services, Inc., a Registered Investment
Advisor.

Must Read