Newburyport Five Cents Savings Bank Wins State Workforce Training Grant

Funds to be used for employee skill development throughout the Bank.

Newburyport, MA, May 10, 2014 --( Newburyport Five Cents Savings Bank announced it has been chosen to receive a Workforce Training Fund Grant through the Executive Office of Labor and Workforce Development. The Bank will conduct an 18- to- 24-month employee training project that will focus on Leadership and Management, Customer Service, and Business Development skill building. A variety of companies throughout the Commonwealth will benefit from the program, which seeks to bolster critical business skills.

The Bank is expected to train all 117 employees under the program. “We believe this project will enable our employees to take a wide range of important skills to the next level, better positioning the Bank for continued growth and improved service to our customers,” said Janice C. Morse, President and CEO of Newburyport Five Cents Savings Bank.

“The Workforce Training Fund is one of our most effective initiatives for supporting businesses in meeting the demands of a highly competitive regional and global economy, by enhancing the skills of their employees,” said Labor and Workforce Development Secretary Rachel Kaprielian. “Over the last several years, we have seen many companies succeed thanks to these training grants and we look forward to more companies growing and excelling through the use of our training initiatives.”

This project is funded by a Workforce Training Fund grant through the Commonwealth of Massachusetts, Executive Office of Labor and Workforce Development. The grant program is administered by the Commonwealth Corporation.

To learn more about the Workforce Training Fund Program, visit

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