December 13, 2017

Essex Savings Bank Announces 2016 Community Investment Balloting Results

essex-savings-bank-300x99Results from Essex Savings Bank’s customers recent voting 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 April 12. According to Thomas Lindner, Vice President and Community Relations Officer for Essex Savings Bank, 7,206 votes were cast this year for a total of $33,001.

The non-profits that received the top ten number of votes were in attendance for special recognition. They are, in order: Shoreline Soup Kitchens & Pantries, Forgotten Felines, High Hopes Therapeutic Riding, Valley Shore Animal Welfare League, Old Saybrook Fire Company Number One, Bikes for Kids, Dog Days Adoption Events, Essex Fire Engine Company Number 1, Tait’s Every Animal Matters (TEAM) and Pet Connections. See full results here.

The customer balloting portion of Essex Savings Bank’s 2016 Community Investment Program began on February 1 and concluded on February 29. The program entitled the bank’s customers to select up to three charities from this year’s list of 80 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, said, “As we celebrate our 165th year of operation, we are proud to share in our success 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 up to 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. Since the program’s inception in 1996, the bank has donated over $4 million to well over 200 organizations. This year, the bank has allocated $110,000 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.

Editor’s note: 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 providing a full complement of personal and business banking. Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Department and wholly-owned subsidiary, Essex Financial Services, Inc., Member FINRA, SIPC.

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