FDIC-Insured - Backed by the full faith and credit of the U.S. Government Essex Bank Customers Direct Donation Dollars to Local Nonprofits
$120,000 Distributed Via Community Investment Program
April 11, 2025
To complete the customer balloting portion of the 30th annual Essex Bank Community Investment Program (CIP), $120,000 was disbursed to area 501(c)(3) nonprofit organizations. Bank customers could select up to three nonprofits, and funds were allocated according to the proportion of the total vote each organization received.
The Community Investment Program represents the Essex Bank commitment to community banking, providing donations to local nonprofits since 1996. The ballot is the Bank’s way of involving customers in its charitable work.
Shoreline Soup Kitchen and Pantries ($8,824) received the most votes, followed by Forgotten Felines, Inc. ($5,418) and Bikes for Kids ($3,877).
After 30 years of balloting, nearly 200,000 votes have been cast, distributing almost $2 million to over 200 nonprofits. President & CEO Diane Arnold comments, “So much has changed in the last 3 decades, yet Essex Bank continues to care deeply for this community, as shown by our efforts over these many years. We thank each and every nonprofit on the ballot for participating, but more importantly, for helping to make our corner of the world a better place.”
Essex Bank is an FDIC-insured, state-chartered, mutual savings bank established in 1851. The Bank serves the Connecticut Shoreline and River Valley with six offices in Essex (2), 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 Division, Essex Trust, and its wholly owned subsidiary, Essex Financial Services, Inc., a Registered Investment Advisor.