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Federal Savings Bank Supports the YMCA of Strafford County
Federal Savings Bank President and CEO, James J. O’Neill, Jr., is pleased to announce the Bank’s pledge of $100,000 to support the YMCA of Strafford County’s capital campaign for a new 27,500 square foot facility located at 35 Industrial Way in Rochester. The YMCA was awarded Community Development Finance Authority (CDFA) tax credits for its new facility. The tax credit program enables businesses to invest in economic or community development projects in exchange for a state tax credit worth 75% of the donation. For almost 160 years, the YMCA of Greater Manchester, with branches in Manchester, Goffstown, Londonderry, Portsmouth and Rochester, has focused on youth development, healthy living and social responsibility. Across the country, Ys engage 21 million men, women and children – regardless of age, income or background – to improve the nation’s health and well-being, and provide opportunities to give back and support neighbors. The goal of the YMCA project in Rochester is to provide programs and services for all families by implementing a sliding fee scale based on household income. The organization is expecting to provide 40 percent of its members with financial aid at the new Rochester facility.
“Federal Savings Bank is proud to contribute to this worthy project that will undoubtedly make a difference for Strafford County residents,” said O’Neill. “FSB has pledged its allegiance to support local businesses and non-profits that make the greater Seacoast area a better place to live and work. We are proud to have this opportunity to give back to our wonderful community,” he added.
Federal Savings Bank Dover/Rochester Branch Manager, Mary Henderson, serves on the YMCA of Strafford County’s Board of Directors. “The services offered by the YMCA are so important to the residents of Strafford County and this new facility will provide for additional and enhanced programs and services, particularly in the area of childcare and youth development. I’m proud to have Federal Savings Bank play such a major role in the completion of this great community project,” she noted.
The YMCA of Strafford County is now open at 35 Industrial Way, just off Exit 14 of the Spaulding Turnpike. For more information, visit www.yogm.org or call 603-332-7334.
Since 1890, Federal Savings Bank has operated as a true community bank, a “mutual” bank. The bank has offices in Dover, Barrington, Durham, Portsmouth and Rochester. For more information, call 1-800-426-2265, visit www.fsbdover.com or www.facebook.com/FederalSavingsBank.