April 27, 2018
2018 Cornerstone Partner: Kennebec Savings Bank
At Kennebec Savings Bank (KSB), community giving is embedded in the culture of a financial institution that has served the people of Kennebec Valley since 1870.
As a decades-long supporter of United Way of Kennebec Valley (UWKV) programs, KSB and its staff will contribute a total of $102,000 to improve the well-being of local people this year—an increase of 8 percent over last year’s contributions. The bank is a leading member of United Way’s 12 Cornerstone Partners, which collectively make up more than 53 percent of UWKV’s annual campaign. This is the second year of the recognition program.
“Kennebec Savings Bank has a strong culture of giving within the Bank, and our employees are generous with their time and money. When we support our employees to volunteer and contribute to organizations they are passionate about, like the United Way of Kennebec Valley, we are working collectively to create happier and healthier communities,” said Andrew Silsby, president and CEO of KSB.
KSB is a $963 million state-chartered community bank, part of a mutual organization with a team of 130 employees and offices in Augusta, Waterville, Winthrop and Farmingdale, as well as "KSB Anytime" 24-hour electronic banking centers in Augusta, Farmingdale, Freeport and Manchester. The bank is proud that its involvement in the community as an employer, a business and a contributor has led to many other successes besides its own.
KSB staff has a long history of serving on United Way’s Board of Directors, including current board member Jessica Norton, the bank’s operations officer. Norton also co-chairs UWKV’s Emerging Leaders Society, a network of more than 30 dynamic, civic-minded people who combine an annual gift with volunteer hours to make an impact on the Kennebec Valley. Nine KSB employees have become Emerging Leaders in order to nurture leadership and philanthropy skills while giving back to the communities in which they live and work.
“It’s great to see so many young people rising up to the challenge to help others. It’s really a part of who we are at KSB,” said Norton. “The Emerging Leaders Society enables us to bring positive change through our volunteerism, and through those efforts we learn more about our neighbors and communities. We are the future leaders, and it’s important we lead by example.”
Several bank employees participate in United Way’s annual allocations process to apportion funds to programs that address basic needs, financial stability, health and education. In addition, Craig Garofalo, the bank’s executive vice president and chief operating officer, served as United Way’s board chair in 2017.
“It has been an honor to be a part of an organization that has a profound impact on the well-being of our local communities,” said Craig. “I have been with the Bank for 18 years, and we have partnered with the United Way of Kennebec Valley for as long as I can remember because it is an organization with integrity, trusted staff and is truly passionate about bettering the lives of others and the local communities in which we live.”
The bank generously supports several UWKV initiatives and events, including the Emerging Leaders Society, Leadership Circle, Golf Scramble and Day of Caring student volunteer opportunities in 15 local schools. Through KSB’s Community Dividends program, each year the bank donates over $700,000 across its 30 communities, and employees contribute more than 9,000 volunteer hours. The bank supports more than 300 local organizations giving back in meaningful ways to the neighborhoods in which its employees work and raise their families.
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