November 1, 2014

Essex Savings Bank to Contribute $257,991 to Charity

Essex Savings Bank President & CEO Gregory R. Shook

Essex Savings Bank President & CEO Gregory R. Shook

Essex, CT, January 15, 2013 – -Gregory R. Shook, President & Chief Executive Officer of Essex Savings Bank announced today, “We are extremely proud to report available contributions of $257,991 from our Community Investment Program in our 162nd year”.  The Bank annually commits 10% of its after tax net income to qualifying organizations within the immediate market area consisting of  Chester, Deep River, Essex, Lyme, Madison, Old Lyme, Old Saybrook and Westbrook.  This program provides financial support to over 200 non-profit organizations who offer outstanding services to the ever-increasing needs of our communities.  By year end, a total of $3,673,544 will have been distributed since inception in 1996.  Essex Savings Bank customers determine 30% of the fund allocations each year by voting directly for three of their favorite causes, charities or organizations who have submitted applications to participate.  Ballots will be available at all Essex Savings Bank Offices between February 1 and March 15 to determine an allocation of $77,397.  The Bank’s Directors, Senior Officers and Branch Managers distribute the remaining 70%, or $180,594.

Organizations (71) qualifying to appear on the 2013 ballot includes:

Act II Thrift Shop, Inc. * Bikes For Kids, Inc. * Bushy Hill Nature Center * Camp Claire, Inc. * Camp Hazen YMCA * Cappella Cantorum * Chester Historical Society * Child & Family Agency of Southeastern Connecticut, Inc. * Common Good Gardens, Inc. * Community Music School * Con Brio Choral Society, Inc. * Connecticut Audubon Society Eco Travel * The Connecticut River Museum At Steamboat Dock * The Country School, Inc. * Deep River Ambulance Association, Inc. * Deep River Junior Ancient Fife & Drum Corps, Inc. * Essex Community Fund, Inc. * Essex Elementary School Parent-Teacher Organization, Inc. * Essex Garden Club, Inc. * Essex Historical Society, Inc. * Essex Library Association * Estuary Council of Seniors, Inc. – Meals on Wheels * Florence Griswold Museum *Forgotten Felines, Inc. * Friends In Service Here (F.I.S.H.) * Friends of Hammonasset, Inc. * Friends of Madison Youth, Inc. * Friends of the Acton Public Library * Friends of the Chester Public Library, Inc. * Friends of the Deep River Public Library, Inc. * Friends of the Valley Railroad, Inc. * Graduation Night, Inc. – Old Saybrook * Hope Partnership, Inc. * Ivoryton Library Association * Ivoryton Playhouse Foundation, Inc. * Literacy Volunteers – Valley Shore, CT, Inc. * Lyme Academy College of Fine Arts * Lyme Ambulance Association, Inc. * Lyme Art Association, Inc. * Lyme Consolidated School Parent-Teacher Organization (PTO) * The Lyme Fire Company, Inc. * Lyme Land Conservation Trust, Inc. * Lyme-Old Lyme Education Foundation * Lyme-Old Lyme Junior Women’s Club (LOLJWC) * Lyme Public Hall Association, Inc. * Lyme Public Library, Inc. * Lymes’ Youth Service Bureau * Madison Ambulance Association, Inc. * Madison Historical Society, Inc. * Maritime Education Network, Inc. * Old Lyme Fire Department, Inc. * Old Lyme Historical Society, Inc. * Old Lyme Land Trust, Inc. * Old Lyme-Phoebe Griffin Noyes Library Association * Old Lyme South End Volunteer Association, Inc. * Old Lyme Visiting Nurse Association, Inc. * Old Saybrook Community Foundation, Inc. * Old Saybrook Education Foundation * Old Saybrook Fire Company Number One, Inc. * Old Saybrook Historical Society * Pet Connections, Inc. * Ruth Ann Heller Music Foundation * Scranton Library, Madison (E.C. Scranton Memorial Library) * The Shoreline Soup Kitchens & Pantries * Tait’s Every Animal Matters (TEAM) * Tracy Art Center, Inc. * Tri-Town Youth Services Bureau, Inc. * Valley Shore Animal Welfare League * Vista Vocational & Life Skills Center, Inc. * Westbrook Project Graduation, Inc. * Westbrook Youth and Family Services, Inc.

 

Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851.  The Bank serves the Lower Connecticut River Valley with six offices in Chester, 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.