For Immediate Release
Federal Savings Bank Donates $5,000 to Southeast Economic Development Corporation
Dover – James J. O’Neill, Jr., Federal Savings Bank President & CEO, is pleased to announce the Bank’s support of the Southeast Economic Development Corporation (SEDC), an independent non-profit corporation specializing in providing and locating financial assistance for businesses in southeastern and south central New Hampshire.
“As a community bank, our primarily focus is to positively impact our local communities,” according to O’Neill. “By reinvesting our resources in local business and home loans and supporting non-profit and civic organizations, like SEDC, we are able to contribute to the economic vitality of this region,” he added.
In the ten years since SEDC was established, they have assembled one of the largest revolving loan funds and loan portfolios in the state. They have placed over $17,000,000 to businesses in the area, which brought in over $70,000,000 more. This has resulted in about 2,100 jobs being created and retained directly and about 4500 jobs created or retained indirectly. “SEDC receives tremendous support locally from generous business partners like Federal Savings Bank. This support is key to us being able to achieve our mission,” said SEDC Executive Director, Dennis McCann. For more information about SEDC, visit www.sedcnh.org or call 603-749-2221.
Since 1890, Federal Savings Bank has operated as a true community commercial bank, a “mutual” bank. Voted “2008 Business of the Year” by the Greater Dover Chamber of Commerce, the bank has offices in Dover, Barrington, Durham, Portsmouth and Rochester. For more information, call 1-800-462-2265 or visit www.fsbdover.com.
Former major league baseball pitcher and current Psychology Coach for the Boston Red Sox, Bob Tewksbury, made an appearance at the Federal Savings Bank Apple Harvest Day booth. Federal Savings Bank is the proud underwriter of Apple Harvest Day, which is a fall festival produced by the Greater Dover Chamber of Commerce.
Federal Savings Bank employees volunteer every year to participate in the American Cancer Society's Relay for Life Walk. Over the last few years, FSB employees have raised over $15,000 for the American Cancer Society.
For over 10 years, Federal Savings Bank has participated in the United Way's Day of Caring. A group of FSB employees volunteer to help work at a deserving non-profit organization for a day. Here, a group of FSB employees help do yard work at a youth camp in Strafford.
Each year, Federal Savings Bank employees volunteer to produce an internal campaign to raise funds for the United Way. The staff picks a theme, prepares a breakfast and holds several fundraising activities throughout the year.
Federal Savings Bank partners with Seacoast Media Group and The United Way to produce the annual Spirit of the Seacoast awards. Federal Savings Bank employees serve on the committee that selects deserving volunteers in the community to receive special recognition. FSB grants each recipient a $500 grant to donate to a non-profit organization. To date, FSB has donated over $12,000 to the Spirit of the Seacoast program. In this photo, FSB Vice President, Kelly Glennon, presents a volunteer award to John Miskus, a volunteer for the Dover Adult Learning Center
FSB Vice President, Kelly Glennon, receives the 2006 Volunteer of the Year Award from the Greater Dover Chamber of Commerce.
FSB recently pledged a $50,000 donation to the capital campaign for Cross Roads House, a homeless shelter in Portsmouth. In this photo, FSB employees Kelly Glennon, Deb Scott and John Crisp attend the Cross Road House annual fundraising benefit.