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December 11, 2002
 
Kennebunk Savings Bank Foundation Donates $4500 to Local Charities as Part of Volunteer Investment Program

KENNEBUNK, Maine -- Just in time for Christmas, the Kennebunk Savings Bank Foundation will be contributing unsolicited gifts totaling $4,500 to local charities as part of the Kennebunk Savings Bank Volunteer Investment Program (VIP). 

Each year, Kennebunk Savings Bank surveys its employees and those of its subsidiary, Morris Insurance, on their volunteer activity. Based on the number of hours volunteered, the Kennebunk Savings Bank Foundation donates between $25 and $100 to the charity of each employee’s choice. With over 7,000 hours volunteered in 2002, the total amount of funds contributed to non-profit and charitable organizations is the highest since the program was instituted in 2000. 

"Our commitment to the communities we serve doesn’t begin and end with the monetary contributions we provide to non-profit organizations in our area," explains Joel Stevens, president and CEO of Kennebunk Savings Bank "And our employees’ commitment to personal service doesn’t end when they leave work for the day. Our employees are extremely dedicated to the communities where they live and work, and I think the amount of hours they voluntarily provide more than proves just that. It makes all of us proud to be part of an organization where building community is such a strongly held value. That’s why we’re happy to support our employees’ dedication with a special contribution to the charity of their choice." 

Over fifty charitable and non-profit organizations located throughout southern Maine will be receiving unsolicited contributions in December through the Volunteer Investment Program. 

Kennebunk Savings Bank, a 2001 winner of the Maine Businesses for Social Responsibility Eagle Feather Award, is York County’s leading financial institution. A true community bank, it distributes 10% of its earnings each year to non profit and charitable organizations throughout York County through the Kennebunk Savings Bank Foundation’s Community Investment Program. Since the inception of the program, Kennebunk Savings has provided over $2.5 million dollars to non-profits directly and through their foundation. With eleven banking offices from Sanford to Kittery, Kennebunk Savings has a complete line of retail and business banking products and also offers personal and commercial insurance through its subsidiary, Morris Insurance Services, Inc. In addition, Kennebunk Savings has a strong commitment to York County’s business community and has twice earned the Finance Authority of Maine (FAME) Bank of the Year Award and is a Small Business Administration (SBA) Preferred Lender.

For more information contact:

Heather Harris
Community Relations Officer
Kennebunk Savings Bank
1-800-339-6573

Learn more about Kennebunk Savings Bank's Community Investment Program.

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