West Massachusetts News

PeoplesBank Set New $2.3 MM Record for 2022 Donations

For a second year in a row, PeoplesBank set a new annual record for donations to civic and charitable causes. The bank tallied $2.3 million for in donations for 2022, which is $1 million dollars more than last year’s record. Since 2011, the bank has donated well over $13 million to area causes.

“Supporting the community is essentially what we were set up to do,” explains Tom Senecal, President and CEO of PeoplesBank. “We are a mutual bank, chartered to serve our customers and the communities they live in. As a mutual bank, we do not have stockholders who would divert profits. Therefore, we are able to significantly support nonprofits and other community causes.” 

Mr. Senecal added that, as a large regional employer whose values include community service, PeoplesBank is able to increase its support to the community and social service organizations through volunteerism. “We have a lot of talent in our organization and because of that we have a significant presence on area nonprofit boards of directors. We also look for opportunities to roll up our sleeves and serve, and we spend thousands of hours each year doing that.” 

Original source can be found here