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Thomaston Savings Bank Foundation, Inc. Celebrates the 20th Anniversary of the Foundation

10/03/2017

Thomaston Savings Bank Foundation, Inc. reconfirmed its financial commitment to the people within the communities it serves and is proud to announce total grant distributions of $592,000 for the year 2017. With total assets of $7.2 million, the Thomaston Savings Bank Foundation, Inc. is a cornerstone to the charitable needs of its communities helping to make a difference in hundreds of peoples’ lives.

The Thomaston Savings Bank Foundation, Inc. hosted a reception for this year’s 199 grant recipients at the Thomaston Opera House on October 3, 2017. The Trustees of the Foundation and Thomaston Savings Bank officers awarded grants and enjoyed the evening by meeting those who share their commitment to area charitable causes.

This year marks the 20th anniversary of the Foundation, which was established May 20, 1997 with a $2 million dollar contribution from the Bank. In order to recognize this milestone anniversary, President Stephen Lewis announced a 20th anniversary initiative which will empower all Bank employees to participate in giving back to the community. In addition to the $592,000 awarded at this year’s grant reception, a total of $30,000 will be distributed to local organizations chosen by Bank employees.

“Since all employees are encouraged to volunteer in our communities, we believe that they are the eyes and ears of these communities and will be able to identify organizations to receive ‘surprise’ funds without any restrictions on how the funds should be used,” stated President Lewis.

According to Foundation President, Stephen L. Lewis, grants in excess of $5.1 million have been awarded since the Foundation’s inception in 1997. The Foundation has positively impacted area youth by enhancing local school and library programs, athletic facilities and programs, family literacy, safety awareness and other educational enrichment programs. The grants also support the needs of local fire departments, ambulance corps, senior citizens, crisis funds, disabled citizens, religious organizations and numerous other charitable entities.

This Foundation could not have been established if it were not for loyal Thomaston Savings Bank customers that have facilitated the Bank as a leader in the community. The Foundation believes it will grow substantially acknowledging our true spirit of giving back to the communities we serve.

A complete listing of the 2017 grant recipients is available at any of Thomaston Savings Bank locations or from Thomaston Savings Bank Foundation Secretary, James R. Nichol, who may be reached at 860.283.3402.