ESSEX — Results of recent voting by Essex Savings Bank customers who participated in the bank’s Community Investment Program were announced April 17.
The top ten winners in attendance received special recognition.
Each year Essex Bank customers are asked to select from a list of qualified non-profit organizations that applied to the bank for funding. This year 71 organizations applied.
Each year Essex Bank donates ten-percent of its net after-tax income to non-profit organizations within the bank’s service area, which includes Chester, Deep River, Essex, Lyme, Madison, Old Lyme, Old Saybrook and Westbrook.
According to Thomas Lindner, the bank’s vice president and community-relations officer, 7,180 votes were cast during this year balloting period in February and March. Lindner said that $77,400 was to have been disbursed during the month of April based on ballot results. The remaining $80,591 will be distributed over the year by directors, senior management and branch managers. By year end 2013, $257,991 will have been allocated to more than 200 organizations, bringing the total distribution since the inception of the program in 1996 to $3,673,544.
Said Essex Savings President and CEO Gregory R. Shook, “Our Community Investment Program is designed to provide vital financial support and visibility to these dedicated organizations and their people who enhance the quality of life in our communities.”