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January 26, 2021

Bread of Life check presentation Malden, Mass. – East Cambridge Savings Bank recently wrapped up a month-long celebration marking the one-year anniversary of the opening of their Malden Banking Center, located on Pleasant Street. While the COVID-19 pandemic precluded a large, in-person celebration, the Bank and its staff found creative ways to mark the occasion while supporting the community at large. To recognize the occasion, the Bank donated lunch to local first responders, raffled gift cards from local businesses, and tied new customer account openings to a donation to Malden non-profit organizations. The Bank recently presented checks to the three non-profits, a timely way to start 2021. 

“When planning these events, we wanted to find a way to focus on the Malden community and support local organizations and small businesses,” said Johnny Long, the Malden location’s manager. “We have been warmly welcomed by our Malden neighbors. This was a chance to express our gratitude and give back.”

Around the one-year anniversary, any new customer who opened an account at the Malden Banking Center could choose one of three local non-profit organizations – Bread of Life, Tailored for Success, and the Malden YMCA – to receive a donation. This effort raised much needed funds for these three organizations and will directly support their efforts to provide critical services and support to Malden area residents. “We’re thrilled that so many Malden residents responded to this event and choose Bread of Life and other worthy groups to receive support,” said Gabriella Stelmack, Bread of Life’s executive director. “Our programs depend on the community’s generosity and support. We appreciate that East Cambridge Savings Bank kept local organizations in mind when planning their one-year in Malden celebration.” 

The Bank also donated lunches to first responders who are serving on the frontline of COVID-19 battle. Cataldo Ambulance, the Malden Fire Department, and Cambridge Health Alliance Malden all had lunch delivered for their employees to enjoy. “The community has been incredibly supportive during what has been a difficult time for all of us,” said Dennis Cataldo, president and chief executive officer of Cataldo Ambulance, Inc. “The lunch was a really thoughtful gesture, and our staff appreciates that members of the Malden business community like East Cambridge Savings Bank are thinking of them and are thankful for their service.” These lunches were purchased from local Malden restaurants Fresco’s on Eastern Avenue and Cornucopia Foods on Pleasant Street. 

Additionally, during the month-long celebration anyone who stopped into the banking center could enter a raffle to win gift cards to local businesses. All gift cards were purchased from independently owned small businesses in Malden. Purchasing gift cards now is a great way to support the small business community during this difficult time and guarantees revenue when so many people are staying home.  

“All of us at the Bank are grateful for the warm welcome from the community since we opened the Malden Banking Center,” said Gilda Nogueira, the Bank’s president and chief executive officer. “Supporting the community in ways big and small is deeply engrained in the culture of our organization. We could think of no better way to celebrate one year in this great city than by giving back and expressing our thanks to Malden residents, non-profit organizations, and businesses.” 

The Bank’s Malden Banking Center is located at 98 Pleasant Street in Malden Center. You can learn more about the Bank and this location by visiting 

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
(617) 551-2353