Sunday, August 01, 2021

Local News

Essex Savings Bank Announces 2020 Community Investment Program and Annual Balloting Results

Essex Savings Bank is pleased to announce that, through its Community Investment Program (CIP), the bank will be giving out $369,267 to support local non-profits and civic groups in 2020. The added monies available were in direct response to the successes of 2019, the bank’s most profitable year on record.

Gregory R. Shook, President & CEO stated, “It gives me great pleasure in light of the pandemic we are all now facing, to be able to provide needed funding to support these vital organizations in our community.”

The bank’s CIP provides funding through numerous channels; customers allocate 30 percent of funds by voting for three of their favorite participating causes, charities, or organizations on an annual ballot. The remaining 70 percent of funding is distributed by the bank’s directors, senior officers, branch managers and the bank’s wholly owned subsidiary Essex Financial Services, Inc.

Through its CIP, the bank has donated nearly $5 million to more than 200 local nonprofit organizations. In addition to these donations, many of the bank’s employees offer their time and expertise to nonprofit organizations in both official board and volunteer capacities.

Essex Savings Bank is delighted to also share the results of its annual customer ballot initiative to which 72 organizations participated this past February. The Shoreline Soup Kitchen & Food Pantries, which has received the greatest number of votes every year in which it has participated, was again awarded the largest number of votes translating into the largest monetary award, nearly $10,000.

The remaining 71 organizations, whose missions range from servicing low-income individuals to youth and senior services and from emergency services to animal welfare and the arts received a combined total of $101,106.

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, 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.

Results of Essex Savings Bank Community Investment Program 2020 Customer Balloting

The Shoreline Soup Kitchens & Pantries, Inc.: 589 votes, $9,678

Forgotten Felines, Inc.: 322 votes, $5,291

Valley Shore Animal Welfare League: 298 votes, $4,897

Estuary Council of Seniors, Inc.—Meals on Wheels: 242 votes, $3,976

High Hopes Therapeutic Riding, Inc.: 221 votes, $3,631

Bikes for Kids, Inc.: 209 votes, $3,434

Pet Connections, Inc.: 181 votes, $2,974

Tait’s Every Animal Matters (TEAM): 178 votes, $2,925

A Little Compassion Inc./The Nest Coffee House: 162 votes, $2,662

Camp Hazen YMCA: 162 votes, $2,662

Essex Fire Engine Company No. 1: 157 votes, $2,580

Lyme Ambulance Association, Inc.: 133 votes, $2,185

Deep River Fire Department, Inc.: 132 votes, $2,169

Valley Shore YMCA: 129 votes, $2,120

Visiting Nurses of the Lower Valley, Inc. (VNLV): 129 votes, $2,120

The Chester Hose Company Incorporated: 127 votes, $2,087

Ivoryton Playhouse Foundation, Inc.: 117 votes, $1,922

The Essex Library Association, Inc.: 114 votes, $1,873

Old Lyme Fire Department, Inc.: 113 votes, $1,857

Essex Ambulance Association, Inc.: 112 votes, $1,840

Connecticut Cancer Foundation, Inc.: 109 votes, $1,791

Ivoryton Library Association: 104 votes, $1,709

Lyme Fire Company: 103 votes, $1,692

Chester Historical Society: 101 votes, $1,660

Madison Ambulance Association, Inc.: 99 votes, $1,627

The Katherine Hepburn Cultural Arts Center, Inc.: 90 votes, $1,479

Pandemonium Rainforest Project, Inc.: 85 votes, $1,397

Old Saybrook Land Trust, Inc.: 84 votes, $1,380

Friends In Service Here (FISH): 81 votes, $1,331

Lyme Land Conservation Trust, Inc.: 80 votes, $1,315

Literacy Volunteers Valley Shore, CT, Inc.: 70 votes, $1,150

SARAH, Inc.: 70 votes, $1,150

Brian House of Chester: 68 votes, $1,117

Old Lyme-Phoebe Griffin Noyes Library Association: 68 votes, $1,117

Old Lyme Visiting Nurse Association, Inc.: 67 votes, $1,101

Friends of the Essex Library: 64 votes, $1,052

Pettipaug Junior Sailing Academy, Inc.: 64 votes, $1,052

Lymes’ Youth Service Bureau: 63 votes, $1,035

Vista Life Innovations, Inc.: 62 votes, $1,019

Old Lyme Land Trust, Inc.: 59 votes, $969

Old Saybrook Historical Society: 59 votes, $969

Westbrook Project Graduation, Inc.: 57 votes, $937

Tri-Town Youth Services Bureau, Inc.: 56 votes, $920

Common Good Gardens, Inc.: 55 votes, $904

Lyme Public Hall & Local History Archives, Inc.: 55 votes, $904

Region 4 Education Foundation: 55 votes, $904

Chester Land Trust: 53 votes, $871

Deep River Historical Society, Inc.: 53 votes, $871

Westbrook Youth and Family Services, Inc.: 53 votes, $871

Essex Historical Society, Inc.: 51 votes, $838

Friends of the Chester Public Library, Inc.: 51 votes, $838

Friends of the Deep River Public Library, Inc.: 51 votes, $838

Community Music School: 50 votes, $822

Lyme Art Association, Inc.: 46 votes, $756

Deep River Elementary School PTO, Inc.: 43 votes, $707

Deep River Land Trust, Inc.: 42 votes, $690

Essex Elementary School Foundation, Inc.: 41 votes, $674

Cappella Cantorum, Inc.: 39 votes, $641

Con Brio Choral Society, Inc.: 37 votes, $608

Hope Partnership, Inc.: 37 votes, $608

Sister Cities Essex Haiti, Inc. 37 votes, $608

Angel Charities, Inc.: 34 votes, $559

Essex Community Fund, Inc.: 34 votes, $559

The Woman’s Exchange of Old Lyme, Inc.: 34 votes, $559

Act II Thrift Shop, Inc.: 33 votes, $542

Essex Winter Series: 32 votes, $526

Ivoryton Village Alliance: 31 votes, $509

Lymes’ Elderly Housing, Inc. (Lymewood): 27 votes, $444

Ruth Ann Heller Music Foundation, Inc.: 24 votes, $394

Brazilian and American Youth Cultural Exchange (BRAYCE): 23 votes, $378

MusicNow Foundation, Inc.: 17 votes, $279

Musical Masterworks, Inc.: 14 votes, $230


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