Essex Savings Bank Community Investment Program Ballot Donations Have Been Disbursed
May 10th, 2024 – Essex, Connecticut – The Community Investment Program (CIP) represents Essex Savings Bank’s commitment to community banking, providing donations to local nonprofits since 1995. The ballot portion of the CIP allowed each Bank customer to select three out of eighty-four local nonprofits to receive a donation from a $120,000 fund. Funds disbursed were directly proportional to votes received. Essex Savings Bank has sent contribution checks to local non-profits, completing the 2024 CIP ballot portion.
The recipients of the top three largest donations in 2024 are as follows: Shoreline Soup Kitchen and Pantries ($9,766), Forgotten Felines, Inc. ($5,002), and Valley Shore Animal Welfare League ($4,208). President & CEO Diane Arnold is pleased to share that every organization on the ballot will receive funding. “We are ever fortunate to have the opportunity to support a diverse group of remarkable organizations year in and year out. We earnestly hope our contributions can help these nonprofits create positive change in our communities.” The Bank celebrates contributions to over 200 nonprofits totaling nearly $2 million from the CIP ballot portion and almost $6 million from the CIP as a whole since the program’s inception.
For more information on the Community Investment Program, the annual ballot, and Essex Savings Bank, please visit www.essexsavings.com.
Essex Savings Bank is an 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 Division, Essex Trust, and its wholly-owned subsidiary, Essex Financial Services, Inc., a Registered Investment Advisor.
Top Contributions
|
Organization |
Allocation |
| Shoreline Soup Kitchens & Pantries | $9,766 |
| Forgotten Felines, Inc. | $5,002 |
| Valley Shore Animal Welfare League | $4,208 |
| Bikes for Kids, Inc. | $3,547 |
| Essex Fire Engine Company #1 | $3,308 |
| Estuary Council of Seniors, Inc. | $2,938 |
| Essex Ambulance Association Incorporated | $2,885 |
| Essex Library Association | $2,753 |
| A Little Compassion/The Nest Coffee House | $2,673 |
| Camp Hazen YMCA | $2,647 |