October 27, 2020

Boston Business Journal Top Charitable Contributors Logo Cambridge, Mass. – For the fifth consecutive year, East Cambridge Savings Bank has been named one of the top charitable companies in Massachusetts by the Boston Business Journal, a regional weekly business publication. The Bank one of 107 companies recognized on this list that includes some of the largest and most well-known businesses in the Commonwealth. The Boston Business Journal announced the list at a virtual celebration in September.

The Bank supports local nonprofit organizations through charitable donations from its foundation, the East Cambridge Savings Charitable Foundation, as well as contributions and sponsorships from the Bank itself. Each year, the Bank supports nearly 300 organizations with monetary support as well as volunteer efforts, offering financial literacy courses, and serving on Boards and advisory committees. 

For many years, the Bank has partnered with CASPAR (Cambridge And Somerville Programs for Addiction Recovery), a nonprofit organization that provides comprehensive substance use treatment, emergency shelter, and transitional housing. In addition to financial support, a Bank senior officer served on the organization’s board, employees volunteered at CASPAR’s Central Square shelter, and the Bank organized donation drives for shelter residents. “Building partnerships with local companies like East Cambridge Savings Bank helps CASPAR support the people we serve and provide compassionate services to those who are working to overcome substance use and addiction,” said Julia W. Londergan, Esq., CASPAR’s Director of Development. “We appreciate that East Cambridge goes beyond donating money. Their employees volunteer and want to help us in a hands-on way and see what CASPAR does for the community. They truly invest their resources in CASPAR."

Reflecting on the recognition from the Boston Business Journal, President and Chief Executive Officer Gilda Nogueira emphasized the importance of charitable giving to the mission of the Bank. “It is truly an honor and a privilege to partner with and support organizations that are committed to improving the lives of people in the communities we serve,” said Nogueira. “The Bank is thrilled to be among so many well-known and respected companies on this year’s list of top charitable contributors. It encourages and inspires us to continue to find ways to support the local community.”

To learn more about the Bank’s charitable and corporate giving, please visit https://www.ecsb.com/community

About East Cambridge Savings Bank
East Cambridge Savings Bank is a full-service mutually-held savings bank that believes in connecting with customers. The Bank was established in 1854 and is dedicated to providing businesses and individuals with a full line of banking services in the communities it serves. Headquartered in Cambridge, the Bank has locations in Arlington, Belmont, Cambridge, Chelsea, Malden, Medford, Somerville, and Waltham, as well as an educational training facility at Cambridge Rindge and Latin School. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC), the Depositors Insurance Fund (DIF), and is an Equal Housing Lender. 

Leo Gayne
Assistant Vice President, Public Relations Officer