May 14, 2019
Cornerstone Superstar: 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.
Under the leadership of KSB President and CEO Andrew Silsby, the bank and its employees pledged to donate $102,000 to United Way of Kennebec Valley in 2019. This gift positions KSB as one of 12 Cornerstone Partners, which collectively make up more than 53 percent of UWKV’s annual campaign. With KSB’s support, United Way increased its overall fundraising total by 5 percent, raising a record-breaking $1,745,000 for 51 local nonprofit organizations.
Kennebec Savings Bank is a state-chartered community bank, part of a mutual organization with a team of 120 employees and offices in Augusta, Waterville, Winthrop, Farmingdale and Freeport, as well as "KSB Anytime" 24-hour electronic banking centers in Manchester, Augusta and Farmingdale. 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 have a long history of serving on United Way’s board, including current board vice chair Jessica Norton, the bank’s operations officer. Norton also co-chairs UWKV’s Emerging Leaders Society, a network of more than 50 dynamic, civic-minded people who combine an annual gift with volunteer hours to make an impact on the Kennebec Valley. Craig Garofalo, the bank’s senior vice president and chief operations officer, served as United Way’s board chair in 2017.
Silsby co-chairs United Way’s Tocqueville Society, a dedicated group of philanthropists who are at the forefront of creating positive change and tackling the community’s toughest issues. In addition, 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.
The bank generously supports several UWKV initiatives and events, including the Leadership Circle, Golf Scramble and Day of Caring student volunteer opportunities in 17 local schools.
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