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Newburyport Five Cents Savings Bank

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Newburyport Five Cents Savings Bank Donates $5,000 to Community Action, Inc.

Bank supports local organizationís financial literacy program.

Newburyport, MA, April 22, 2014 --( Newburyport Five Cents Savings Bank recently donated $5,000 to Community Action, Inc.’s Financial Literacy Program ( Community Action’s mission is to address the devastating effects of poverty and attack its root causes through its programs and educational efforts. The Bank’s donation will assist members of the Financial Literacy program create individual development accounts (where clients’ deposits are matched by Community Action), take steps toward home ownership, and develop lifetime financial goals – with the overarching objective of helping each person become financially competent.

The program’s ultimate goal is to reach as many people as possible, a goal fully supported by the Bank. Robert Gould, director of community services at Community Action expressed his gratitude to Newburyport Five Cents Savings Bank for supporting the Financial Literacy program and helping extend the organization’s reach. “The Bank has very kindly offered to have staff members meet with clients one-on-one, which is a tremendous resource for us to have access to,” said Mr. Gould.

Jan Morse, President and CEO of Newburyport Five Cents Savings Bank says, “I am impressed at how Community Action, Inc. is focused on the importance of financial education in addition to providing basic necessities to those in need.”

About Newburyport Five Cents Savings Bank
Founded in 1854, Newburyport Five Cents Savings Bank is a growing community bank with $672 million in assets, eight locations and over 100 dedicated employees. The Bank offers its customers a full range of consumer, mortgage, commercial lending and business banking products and services. The Bank and its employees also take great pride in supporting the many diverse social, educational, environmental, civic and cultural community based organizations to ensure that the greater Newburyport and Seacoast (NH) areas are vibrant and healthy places to live, work and grow.

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Newburyport Five Cents Savings Bank
Kim Lyons

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