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July 30, 2003
Three Organizations Receive
Surprise Checks from Kennebunk Savings Bank
SANFORD, Maine – Susan Morgan, manager of Kennebunk Savings Bank’s
Sanford office, recently spent the day surprising organizations
throughout Sanford with unsolicited checks from the bank’s Community
Investment Program.
 The
York County Chapter of the American Red Cross received $2,777, York
County Shelters received $1,335, and York County Community Action
received $1,228 thanks to the support of customers of Kennebunk
Savings Bank and its subsidiary, Morris Insurance, who voted for these
organizations on the bank’s annual Community Investment
Ballot.
Each spring, Kennebunk Savings and Morris Insurance sends a ballot
listing over 100 area non-profit and charitable organizations to their
customers asking them to cast their vote. The returned ballots are
tabulated and Kennebunk Savings Bank and its foundation allocate a
substantial portion of their Community Investment Program dollars
based on the votes for each organization. This year, $114,000 in
unsolicited funds are being distributed to 147 non-profit and
charitable organizations through votes received on the Community
Investment Ballot. The average grant amount is almost $800 and, this
year over forty organizations will be receiving grants in excess of
$1,000.
“Our Community Investment Ballot is an excellent way for our
customers to let us know which organizations they value,” said
Morgan. “These checks were made based on our customers’ votes and
these organizations in Sanford are certainly worthy of our support.”
The ballot is just one part of the Kennebunk Savings Bank’s
Community Investment Program which also features volunteer awards and
community grants. Begun in 1994, Kennebunk Savings Bank returns 10% of
its annual earnings to non-profit and charitable groups throughout
York County. In 2002, Kennebunk Savings Bank took the program to a new
level by funding the Kennebunk Savings Bank Foundation to ensure the
continuity of the Community Investment Program in the years to come.
By year end 2003, the bank’s Community Investment Program will have
contributed over $3 million to charitable and non-profit organizations
throughout York County.
Kennebunk Savings Bank, a winner of the Maine Businesses for Social
Responsibility Eagle Feather Award, is York County’s leading
financial institution. 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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