Ion Bank News
Naugatuck Savings Bank Foundation Announces Community Awards Program Winners
May 30, 2013The Naugatuck Savings Bank Foundation announced the winners of its Community Awards Program last night at a special ceremony honoring and awarding grants totaling $53,500 to 40 local non-profit organizations.
The program, which kicked off in January, encouraged Naugatuck Savings Bank customers to vote for a local charity of their choice to receive a grant from the Foundation. Over 1,700 customers voted this year and organizations that receive at least 1% of the total votes receive a grant. In addition, for those receiving less than 1% of the total votes, a $500 grant is awarded to six randomly selected eligible recipients.
"This program is a wonderful collaboration between our customers, Foundation and the organizations that our customers feel have the most impact to communities," said Charles Boulier III, Naugatuck Savings Bank President and CEO. "Our customers are very passionate about their local charities and this program is a wonderful way for them to recognize those organizations and have a say in how our Foundation's funds are distributed."
Naugatuck Savings Bank, headquartered in Naugatuck, Connecticut, has been serving customers throughout Connecticut's Greater Naugatuck Valley and Central Connecticut since 1870. The bank is a wholly-owned subsidiary of Nutmeg Financial, MHC. Nutmeg Financial Mutual Holding Company is the parent company to Naugatuck Savings Bank and the Sutherland Insurance Group. For more information, stop in any of its branches, visit naugatucksavingsbank.com or call 203.729.4442. You can also follow the bank by clicking "Like" on the bank's Facebook page at facebook.com/naugatucksavingsbank or on Twitter at twitter.com/naugsb.
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