April 6, 2020

Essex Savings Bank Recycles Income to Non-profits

Gregory R. Shook, President & CEO of Essex Savings Bank has announced that non-profit community organizations will receive $99,298 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 2010, the Bank donated $74,700 to 89 non-profits who participated in the customer preference balloting at the Bank.  By year end 2010, $248,700 will have been allocated to over 200 organizations bringing the total distribution since the inception of the program in 1996 to $2,917,000.

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

Camp Hazen YMCA (Chester)           $5,000
    2011 Healthy Kids Day Sponsor   

Child & Family Agency of Southeastern Connecticut, Inc. (Essex)      $5,000
   To fund the Agency newsletter and Annual Report.   
      
Child & Family Agency Of Southeastern Connecticut, Inc. (Essex)    $1,000
   To Co-Sponsor Interior Aspirations 2010 Seminar Sponsor
  (Co-Sponsor with Essex Financial Services, Inc. for $2,000) 

Connecticut Audubon Society          $1,000
   Eagle Watch 2010 (Boat Cruises)

Connecticut River Museum (Essex)        $1,000
   Eagle Watch 2010 (Boat Cruises)
  
Town Of Essex (Essex)          $1,500
   Eagle Watch 2010 (Banner and 2,500 additional copies of the
   four page activities calendar for February and March 2010)
         
Connecticut River At Steamboat Dock (Essex)        $5,000
   Co-Sponsor of the “Harvest” Fundraiser
   (Co-Sponsor with Essex Financial Services, Inc. for $10,000)           
         
The Deep River Historical Society (Deep River)        $1,000
   For printing of newsletter and mailings for special events   

Essex Land Trust, Inc. (Essex)         $2,500
   To fund three newsletters for 2011        
    
Essex Library Association         $2,000
   To fund two issues of Ex Libris newsletter         
       
Estuary Council of Seniors, Inc. (Old Saybrook)        $2,500
   To help underwrite a portion of their newsletter, “The Estuary Gazette”   

Florence Griswold Museum (Old Lyme)        $5,000
   To Co-Sponsor “The Magic of Christmas” 
   (Co-Sponsor with Essex Financial Services Inc. for $10,000) 

Goodspeed Musicals (Chester/East Haddam)       $5,000
   For the 2010 Show Sponsorship of “Band Geeks” at The Norma Terris Theatre, Chester, CT      

Henry Carter Hull Library (Clinton)        $1,000
   Toward “Barbecue, Blues, & Books” 100 Year Old Celebration
          
High Hopes Therapeutic Riding, Inc. (Old Lyme)         $5,000
   2010 Symphony in the Meadows Event Co-Sponsor
   (Co-Sponsor with Essex Financial Services, Inc. for $10,000)  
   
High Hopes Therapeutic Riding, Inc. (Old Lyme)      $3,000
   To help underwrite the cost of producing the newsletter,
   “The High Hopes Rider” for the 2010-2011 fiscal year    
       
Hope Partnership (Old Saybrook)         $1,000
    Toward funding for Affordable Housing needs      
     
Ivoryton Playhouse Foundation, Inc. (Ivoryton)       $1,250
   Centennial Sponsor
   (Co-Sponsor with Essex Financial Services, Inc. for $2,500)
 
Katharine Hepburn Cultural Arts Center & Theatre (Old Saybrook)    $5,000
   Midsummer Gala/Producing Sponsor
 
Literacy Volunteers – Valley Shore, CT, Inc.       $2,000
   For publishing and mailing the quarterly newsletter, “Tutor”    
 
Lyme Academy College of Fine Arts (Old Lyme)      $3,000
   Moroccan Delights Sponsor, The 2010 Scholarship Party
   (Co-Sponsor with Essex Financial Services, Inc. for $6,000)
        
Lymes’ Youth Service Bureau (LYSB)  (Old Lyme)       $5,000
   Toward the cost of printing and mailing “Youth Connections” (Bureau newsletter)
 
MacCurdy Salisbury Educational Foundation, Inc. (Old Lyme)     $2,000
    To fund their newsletter, “Evelyn’s Wishes”     

Madison Branch Grand Opening (Madison)       $5,000
   (Five $1,000 Drawings) – Designated Madison 501(c)(3) organizations by winners
– Robert Brigockas –  The Madison Foundation
– Thomas Deal – Christ Chapel, Madison
– Frank DeLucia – Madison Community Services, Inc.
– Cathy McMahon – Madison Community Services, Inc.
– Margo Sweeney – Madison Community Services, Inc.

Middlesex County Community Foundation, Inc. (MCCF) (Middletown)     $5,000
   – $1,000 for the John A. Barr, Jr. Fund
   – $1,000 for Foundation unrestricted administration support 
   – $3,000 to sponsor MCCF’s two printed newsletters and multiple e-newsletters scheduled in 2010
   
Middlesex County Community Foundation, Inc. (MCCF) (Middletown)    $5,000
   To Co-Sponsor premier event on September 15, 2010  (Becker Thatcher riverboat cruise
   followed by the musical, “Carnival” at the Goodspeed Opera House in East Haddam)
   (Co-Sponsor with Essex Financial Services, Inc. for $10,000)
 
The Old Lyme-Phoebe Griffin Noyes Library Association, Inc. (Old Lyme)   $2,500                                                                                                                                                          
   Toward printing and mailing two issues of the Library’s newsletter   
     
Sound Music, Inc. (New London)        $1,250
   Stage Sponsor
   (Co-Sponsor with Essex Financial Services, Inc. for $2,500)

Tri-Town Youth Service Bureau, Inc. (Deep River)            $5,000
   Toward printing and distribution of three issues of the Agency newsletter

Valley-Shore YMCA (Westbrook)        $1,250
   Small Business Forum Sponsor
   (Co-Sponsor with Essex Financial Services, Inc. for $2,500)

Valley-Shore YMCA (Westbrook)        $5,000
   For exclusive naming rights for “Healthy Kids Day” 2011     
         
Valley-Shore YMCA (Westbrook)        $2,500
   Lead Funder of “Y Fit Kids” for the 2010-2011 school year  
     
Essex Savings Bank Community Reinvestment Fund      $1,048
   Allocated for Community Reinvestment Act needs to promote affordable housing

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 and are not a deposit, have no Bank guarantee and are not insured by any Federal Government Agency.

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