CONCORD, NH — Kennebunk Savings has been named the first financial institution ever to receive the Cornerstone Award from the NH Businesses for Social Responsibility (NHBSR). The Bank’s President & CEO accepted this award at the body’s annual conference, alongside members of the Bank’s Social Responsibility team.
The Cornerstone Award is presented to a member of the NHBSR network – an individual, business or organization – that exemplifies corporate social responsibility and promotes the concepts of social responsibility to the greater business community. Past winners include Hypertherm, La Belle Winery, and Revision Energy.
“Through its well-established Community Promise initiative, Kennebunk Savings demonstrates the core principles of corporate social responsibility recognized by the NHBSR Cornerstone Award,” said Marianne Bradley, Board Member of NHBSR, in her remarks at the event. “Their ongoing and significant support has touched a wide range of vital causes within the community and is mirrored in their dedication to their employees and the cultivation of a positive workplace culture, which undoubtedly strengthens their ability to serve the community.”
“We’re truly in good company among the membership of the NHBSR,” said Lex Meagher, President & CEO of Kennebunk Savings. “It’s so important for businesses to lead in this space—to inspire others to act, to consider the resources and talents they have, and to seek out ways that those resources can be brought to bear on the issues facing our community.”
Kennebunk Savings employs 5 employees in their Social Responsibility Department, led by First Vice President, Social Responsibility Director, Liz Torrance. In addition to managing the Bank’s charitable giving and the Huntington Common Charitable Fund for Older Adults, the department oversees the Community Reinvestment Act, supports financial wellness and the Recovery Friendly Workplace initiative, pursues efforts in environmental sustainability, and manages the corporate volunteer program. Kennebunk Savings employees volunteered more than 11,000 hours in 2024.
“As a mutual bank, we were founded to meet the community’s needs,” Torrance said. “And as we consider what it means to be a socially responsible business, ultimately it’s still about being good stewards of that same ethos that has been in place for more than 150 years.”
