September 19, 2014

Essex Savings Bank Recycles Income to Non-profits

Essex, CT – Gregory R. Shook, President & CEO of Essex Savings Bank announced that non-profit community organizations will receive $102,250 from the Directors’ portion of the Bank’s Community Investment Program.  The Bank annually commits 10% of its after tax net income to qualifying organizations.  In April 2012, the Bank donated $76,698 to 94 non-profits who participated in the customer preference balloting at the Bank.  By year end 2012, $255,665 will have been allocated to over 200 organizations bringing the total distribution since the inception of the program in 1996 to $3,415,552.

The Directors’ portion of the fund will be donated to the following:

Camp Hazen YMCA (Chester)  $2,500

“Night at the Theatre” Benefit Gala to be held November 17, 2012

Camp Hazen YMCA (Chester) $2,500

2013 Healthy Kids Day Sponsor

The Chester Historical Society, Inc. (Chester)  $1,500

Toward underwriting cost of three newsletters and Annual Report.

Child & Family Agency of Southeastern Connecticut, Inc. (Essex)  $4,000

Toward funding of Agency newsletter and Annual Report.

Connecticut River Museum at Steamboat Dock (Essex)  $2,500

Benefactor Sponsor of the Fall Ball 2012 (Co-Sponsor with Essex Financial Services, Inc. – Total of $5,000)

The Deep River Historical Society (Deep River) $1,500

Toward mailing of Society’s newsletters and flyers for special activities.

Essex Historical Society (Essex)    $1,500

To fund membership newsletter.

Essex Library Association (Essex) $1,500

Toward costs associated with Strategic Planning Process.

Essex Park & Recreation (Essex) $2,500

Toward Essex Basketball Center Project (Co-Sponsor with Essex Financial Services, Inc. – Total of $5,000)

Essex Winter Series (Essex)$3,000

Principal Concert Sponsorship.

Estuary Council of Seniors, Inc. (ECSI) (Old Saybrook) $2,500

To underwrite portion of mailing expenses for monthly newsletter, “The Estuary Gazette”.

Florence Griswold Museum (Old Lyme) $1,750

“Major Donor” Reception (Co-Sponsor with Essex Financial Services, Inc. – Total of $3,500)

Florence Griswold Museum (Old Lyme)  $5,000

“The Magic of Christmas” 2012 (Co-Sponsor with Essex Financial Services, Inc. – Total of $10,000)

Goodspeed Musicals (Chester/East Haddam)$5,000

2012 “Supporting Sponsor” of spring production “Amazing Grace” at the Norma Terris Theatre

High Hopes Therapeutic Riding, Inc. (Old Lyme) $5,000

2012 Symphony Orchestra New England June 2012 (Co-Sponsor with Essex Financial Services, Inc. – Total of $10,000)

High Hopes Therapeutic Riding, Inc. (Old Lyme) $2,000

To assist in underwriting cost of producing printed and electronic newsletters and maintenance and development of website during the 2012-2013 fiscal/academic year.

Ivoryton Village Alliance (Ivoryton/Essex)  $1,500

Assist funding for 2012 Ivoryton Illuminations held in December 2012

Katharine Hapburn Cultural Arts Center & Theatre (Old Saybrook) $5,000

“Producer Sponsor” for venue sponsor 2012-2013

Lawrence & Memorial Hospital (New London) $5,000

Donation to Centennial Campaign

Literacy Volunteers – Valley Shore, CT, Inc. (Essex)  $1,500

For publishing and mailing quarterly newsletter, “Tutor”.

Lyme Academy College of Fine Arts (Old Lyme)  $5,000

Signature Sponsor of the 2012 PopArts Ball held in June 2012 (Co-Sponsor with Essex Financial Services, Inc. – Total of $10,000)

Lyme Art Association (Old Lyme)  $1,750

Presenting Sponsor of the 2012 New England Landscape Invitational Exhibition and Primary Sponsor of the Weekly E-Blasts (Co-Sponsor with Essex Financial Services, Inc. – Total of $3,500)

Lyme Public Library, Inc. (Lyme)  $1,000

To fund annual cost of Library’s newsletter.

Lymes’ Youth Service Bureau (LYSB) (Old Lyme)$4,000

Toward funding of newsletter, “Youth Connections” both printed and on-line.

MacCurdy Salisbury Educational Foundation, Inc. (Old Lyme) $1,500

To fund newsletter, “Evelyn’s Wishes”.

The Madison Historical Society (Madison) $1,500

Toward underwriting costs of publishing the quarterly newsletter.

Middlesex County Community Foundation, Inc. (MCCF) (Middletown) $7,500

“15 Candles Anniversary Celebration – 15 Towns, 15 Years” to be held November 16, 2012 (Co-Sponsor with Essex Financial Services, Inc. –Total of $15,000)

Middlesex Hospital (Middletown) $5,000

Toward the new Shoreline Medical Center Campaign (Co-Sponsor with Essex Financial Services, Inc. – Total of $10,000)

Musical Masterworks, Inc. (Old Lyme) $1,250

Concert Co-Sponsor (Co-Sponsor with Essex Financial Services, Inc. Total of $2,500)

The Old Lyme-Phoebe Griffin Noyes Library Association, Inc. (Old Lyme) $1,500

For costs associated with two printings and mailings of newsletter.

Strong Center at the Surf Club, Inc. (Madison) $5,000

Toward renovations of the Strong Field at the Surf Club.

Tri-Town Youth Service Bureau, Inc. (Deep River)   $4,000

Toward printing and distribution of three issues of Agency newsletter.

Valley-Shore YMCA (Westbrook) $2,500

Toward sponsorship of  “Healthy Kids Day” 2013

Valley-Shore YMCA (Westbrook) $2,500

Toward the “After school Enrichment Program” for 2012-2013 school year.

Vista Vocational & Life Skills Center (Westbrook/Madison) $1,000

Toward sponsorship for the 2012 Vista Tour de Shore.

Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851.  The Bank serves the Connecticut River Valley and Shoreline with five offices in Essex (2), Madison, Old Lyme and Old Saybrook.  Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Department and subsidiary Essex Financial Services, Inc. Member FINRA, SIPC.  Investments in stocks, bonds, mutual funds and annuities are not FDIC insured, may lose value, are not a deposit, have no Bank guarantee and are not insured by any Federal Government Agency.