Bank Celebrates Year In Malden By Giving Back

MALDEN, MA — East Cambridge Savings Bank recently wrapped up a month-long celebration marking its first year on Pleasant Street in Malden. Due to the pandemic, the bank and its staff could not hold an in-person celebration and instead decided to give back to the community.

This included donating lunch to local first responders, raffling gift cards to local businesses and trying new customer account openings to a donation to Malden non-profits. The bank recently presented checks to three local non-profits.

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

Any new customer who opened an account had the option to choose one of three local organizations – Bread of Life, Tailored for Success or the Malden YMCA – to receive a donation.

"We're thrilled that so many Malden residents responded to this event and choose Bread of Life and other worthy groups to receive support," Gabriella Stelmack, executive director of Bread of Life, said in a statement. "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 Cataldo Ambulance, the Malden Fire Department and Cambridge Health Alliance. The lunches were purchased from local restaurants Al Fresco and Cornucopia Foods.

"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."

Additionally, 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.

The bank's Malden Banking Center is located at 98 Pleasant Street in Malden Center.