Neighbor News
Saco & Biddeford Savings Donates $80,000 to Support Local Groups
The donations benefitted food insecurity programs and other nonprofits that have seen the need for their services grow due to COVID-19
SACO, Maine (March 5, 2021) – As the COVID-19 pandemic and ensuing economic recession continue to affect communities across Southern Maine, Saco & Biddeford Savings Institution (SBSI) is furthering its efforts to give back to local organizations. The bank recently donated $80,000 to dozens of charities and nonprofits in York and Cumberland counties, providing support for food insecurity programs, heating assistance, mental health services and personal protective equipment needs.
“As a mutual institution, we believe that we have a responsibility to give back to our communities,” said Bob Quentin, President and CEO of SBSI. “In a year that has presented innumerable challenges, we decided that it was more important than ever to support organizations whose services have become even more critical as a result of the pandemic.”
As part of its COVID-19 relief efforts in December, the bank donated $35,000 to local food pantries along with another $17,500 to programs focused on feeding youth. SBSI also donated $10,000 towards mental health services, $5,000 for heating assistance programs and $2,500 to provide PPE.
The bank also asked its corporators to vote from a list of seven nonprofits. The first and second place finishers, My Place Teen Center and Good Shepherd Food Bank, received $3,000 and $2,000, respectively. The other five nonprofits each received $1,000, bringing the bank’s overall COVID-19 relief donations for the month to $80,000.
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About Saco & Biddeford Savings Institution
Founded in 1827, Saco & Biddeford Savings is Maine’s oldest bank. For over 190 years, SBSI has continued to meet the ever-changing needs of the customers and communities it serves. Fulfilling its commitment to mutuality and being In It Together, SBSI has contributed more than $4 million to area organizations over the last 10 years. For more information, visit www.sbsavings.bank, Instagram at @SBSavings, Facebook at @sacobiddefordsavings, or visit one of their locations in Saco, Biddeford, Old Orchard Beach, Portland, Scarborough, South Portland or Westbrook. Member FDIC and an Equal Housing Lender.