The Maine Bankers Association has announced the results of its annual Community Involvement Survey. The survey shows that in 2014:
- Banks across Maine contributed $9,551,717 to charitable causes in their communities.
- Bank employees logged 175,482 hours of volunteer time.
- Bank employees raised an additional $557,004 to donate to charities of their choosing.
Maine Bankers Association president Chris Pinkham praised the role of bank employees in the community effort. “One of our favorite stats on the survey identifies the amount that bank employees raise all by themselves for charitable causes,” he said. “Employees at just about every bank organize teams to participate in walk-a-thons, road races, yard sales and other community fundraising events throughout the year. Many have programs where employees donate an amount to charity in order to dress casually on Fridays. Then they collectively decide which local charities will receive their pool of funds.”
Some banks earmark a specific percentage of profits each year for charitable causes. Others invite the public to vote on which charitable organizations should receive the bank’s donations. Still others dedicate an amount for each residential loan to programs for the homeless.
“In addition to the $9.5 million in donations, banks participate in all kinds of things like food drives, toy collection, scholarships, free income tax preparation and even donations for touchdowns scored by the Patriots,” said Chris Pinkham. “Employees love it, and communities throughout Maine benefit from it.”
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About the Maine Bankers Association: Founded in 1893, the Maine Bankers Association offers programs and services to its 31 member banks across Maine. For more information, visit www.mainebankers.com.