June 08, 2011
PEOPLE’S UNITED COMMUNITY FOUNDATION DONATES $30,000 TO THE COMMUNITY FOUNDATION OF WESTERN MASSACHUSETTS TO ASSIST TORNADO VICTIMS; PEOPLE’S UNITED BANK TO ACCEPT DONATIONS IN ALL OF ITS MASSACHUSETTS AND GREATER HARTFORD BRANCHES
SPRINGFIELD, MA – People’s United Community Foundation announced today that it will donate $30,000 to the Community Foundation of Western Massachusetts which will distribute the funds to those affected by last week’s tornado. People’s United Bank also announced that it will collect donations in all of its Massachusetts and Greater Hartford Market branches for the benefit of tornado victims.
“As a local bank, we want to respond meaningfully when area citizens and community agencies are affected by an event as devastating as the tornado that hit Massachusetts last week,” said Timothy Crimmins, President, Massachusetts Region, for People’s United Bank, and an officer of the People’s United Community Foundation. “We also want to provide an outlet for people who want to donate money to help those in need. Because Springfield and Hartford are so integrally connected, we will accept donations at our 29 offices in Massachusetts and our 43 offices in the Hartford market. All donations will be sent to the Community Foundation of Western Massachusetts to lessen the burden on those who have lost so much.”
Established in 2007, People’s United Community Foundation was formed to help support programs and activities that enhance the quality of life for citizens in the communities that People’s United Bank serves. With special emphasis on programs designed to promote economic self-sufficiency, education and improved conditions for low-income families and neighborhoods, the funding priorities of the Foundation include: community development, youth development, and affordable housing.
People’s United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with $25 billion in assets. Peoples United Bank, founded in 1842, is the largest independent bank in New England and provides consumer, commercial and wealth management services through nearly 340 branches in Connecticut, Vermont, New York, New Hampshire, Maine and Massachusetts. Through additional subsidiaries, People's United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.