October 6, 2022

Essex Savings Bank and Essex Financial Services, Inc. to Contribute $223,373 to Charity


Essex Savings Bank President & CEO Gregory R. Shook

Essex Savings Bank President & CEO Gregory R. Shook

Essex, CT – Gregory R. Shook, President & Chief Executive Officer of Essex Savings Bank announced January 17, 2014, “We are extremely proud to report available contributions of $223,373 from our Community Investment Program in our 163rd 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 $3,896,917 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 $67,012.  The Bank’s Directors, Senior Officers, Branch Managers and Essex Financial Services, Inc., the Bank’s subsidiary, will distribute the remaining 70%, or $156,361.

Organizations (85) qualifying to appear on the 2014 ballot includes:

Act II Thrift Shop, Inc. * Bikes for Kids, Inc. * Brazilian and American Youth Cultural Exchange (BRAYCE) * Bushy Hill Nature Center * Camp Claire, Inc. * Camp Hazen YMCA * CDE (Chester, Deep River, Essex) Cooperative Nursery School * Chester Historical Society * Chester Land Trust, Inc. * Common Good Gardens, Inc. * Community Music School * The Connecticut River Museum at Steamboat Dock * The Country School, Inc. * The Deacon John Grave Foundation * Deep River Ambulance Association, Inc. * Deep River Elementary PTO, Inc. * The Deep River Fire Department * Deep River Historical Society, Inc. * Deep River Junior Ancient Fife & Drum Corps, Inc. * Deep River Land Trust, Inc. * Dog Days Adoption Events, Inc. * Essex Ambulance Association, Inc. * The Essex Art Association, Incorporated * Essex Community Fund, Inc. * Essex Elementary School Foundation, Inc. * Essex Elementary School Parent-Teacher Organization, Inc. * Essex Fire Engine Company #1 * Essex Historical Society, Inc. * Essex Library Association * Essex Winter Series, Inc. * 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 the Acton Public Library * Friends of the Chester Public Library, Inc. * Graduation Night, Inc. – Old Saybrook * High Hopes Therapeutic Riding, Inc. * Hope Partnership, Inc. * Ivoryton Playhouse Foundation, Inc. * The Katharine Hepburn Cultural Arts Center, Inc. * Literacy Volunteers – Valley Shore, CT, Inc. * Lyme Ambulance Association, Inc. * Lyme Art Association, Inc. * The Lyme Fire Company, Inc. * Lyme Land Conservation Trust, Inc. * Lyme-Old Lyme Education Foundation * Lyme-Old Lyme Safe Graduation Party, Inc. * Lyme Public Hall Association, Inc. * Lyme Public Library, Inc. * Lymes’ Elderly Housing, Inc. (Lymewood) * The Madison ABC Program, Incorporated (aka Madison A Better Chance, Inc.) * Madison Ambulance Association, Inc. * Madison Community Services, Inc. * The Madison Foundation, Inc. * Madison Historical Society, Inc. * Madison Land Conservation Trust, Inc. * Maritime Education Network, Inc. * Musical Masterworks, Inc. * Old Lyme Children’s Learning Center, Inc. * Old Lyme Historical Society, Inc. * Old Lyme-Phoebe Griffin Noyes Library Association * Old Saybrook Education Foundation * Old Saybrook Fire Company Number One, Inc. * Old Saybrook Historical Society * Old Saybrook Land Trust, Inc. * Pet Connections, Inc. * Potapaug Audubon Society * The Region 4 Education Foundation, Inc. (R4EF) * Scranton Library, Madison (aka E.C. Scranton Memorial Library) * The Shoreline Soup Kitchens & Pantries * Sister Cities Essex Haiti, Inc. * Tait’s Every Animal Matters (TEAM) * The Touchdown Club, Inc. (Valley Regional High School/Old Lyme High School Football) * Tracy Art Center, Inc. * Tri-Town Youth Services Bureau, Inc. * Valley Baseball-Softball Booster Club, Inc. * Valley Shore Animal Welfare League * Valley-Shore YMCA * Visiting Nurses of the Lower Valley, Inc. (VNLV) * Vista Vocational & Life Skills Center, Inc. * Westbrook Project Graduation, Inc. * Westbrook Youth and Family Services, Inc. * The Woman’s Exchange of Old Lyme.

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.