December 9, 2018

Essex Savings Bank Donates Over $29,000 as Part of Community Investment Program

ESSEX — Results of the recent voting by Essex Savings Bank customers who participated in the Bank’s Community Investment Program were announced at a meeting of employees, directors and trustees at the Bank’s Plains Road Office on Wednesday, April 8.

The Top Ten Winners in attendance received special recognition.  They were in order by number of votes:

  1. The Shoreline Soup Kitchens & Pantries
  2. Forgotten Felines, Inc.
  3. Old Saybrook Fire Company Number One, Inc.
  4. High Hopes Therapeutic Riding, Inc.
  5. Tait’s Every Animal Matters (TEAM)
  6. Dog Days Adoption Events, Inc.
  7. The Essex Fire Engine Company No. 1
  8. Bikes for Kids, Inc.
  9. Pet Connections, Inc.
  10. Visiting Nurses of the Lower Valley, Inc. (VNLV)

The customer balloting portion of Essex Savings Bank’s 2015 Community Investment Program, began on Feb. 2 and concluded on March 2. The program entitles the Bank’s customers to select up to three charities from a list of 90 qualified non-profit organizations. Fund allocations are awarded based on the results of these votes.

Gregory R. Shook, President and Chief Executive Officer of Essex Savings Bank stated, “At Essex Savings Bank, we believe the way to move the world forward is by giving back. Our Community Investment Program is designed to provide vital financial support to those organizations that enhance the quality of life in our communities.”

Each year, the Bank donates 10 percent of its net income to non-profit organizations within the immediate market area consisting of Chester, Deep River, Essex, Lyme, Madison, Old Lyme, Old Saybrook and Westbrook. This year, the Bank has allocated $98,741 to assisting non-profit organizations who offer outstanding services to our community and one third of that amount is then voted upon by the Bank’s customers.

According to Thomas Lindner, Vice President and Community Relations Officer for Essex Savings Bank, 6,987 votes were cast this year for a total of $29,620. By year end 2015, the total distribution of charitable funds will reach 4 million dollars since the inception of the Bank’s Community Investment Program in 1996.

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 six offices in Essex (2), Chester, 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.

Click here to see the full results with voting numbers and amounts donated to each organization.

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