Community Giving

Norway Savings Bank is a mutual savings bank – a true community bank. We are perceived as the bank that does the right thing by contributing to the growth and betterment of our communities. Our commitment and accountability is to the people, employees and communities we serve.

Geographic Priorities

We will direct our resources first to organizations located in, and supporting the areas served by our banking offices in Auburn, Bethel, Bridgton, Brunswick, Falmouth, Freeport, Fryeburg, Gorham, Gray, Kennebunk, Naples, Norway, Portland, Saco, Scarborough, South Paris, South Portland, Topsham, Standish, Windham and Yarmouth; and secondly to organizations serving Oxford, Androscoggin, Cumberland, and York Counties.

Target Categories

Our financial resources will be focused on the following four categories:

  1. Children and Education – We will provide support for programs that promote continuing education for children and adults of the communities we serve.
  2. Economic Development and Job Creation – We will provide support for programs that actively assist in the economic development, job creation and revitalization of the business community.
  3. Civic and Cultural Initiatives – We will provide support for initiatives that promote the quality of life for local citizens and cultural infrastructure of our communities.
  4. Low–to-moderate level income households – We will provide support for programs that provide assistance to low-to-moderate level households in our defined geographic market.

Restrictions

This program generally does not provide support for individuals or individuals raising money for a cause (e.g. walkathons); political organizations or candidates for political office; religious organizations or activities for sectarian purposes, unless they are for the benefit of a community service that we would otherwise support; organizations that cannot designate funds to stay within our geographic region; national or international organizations.

Donation Designations and Project Selection Guidelines

Our goal is to provide resources that support projects and organizations that provide long-term benefits to our community. The challenge that we face is that we consistently receive more requests than can be supported. Therefore, we must prioritize our giving to ensure that our dollars are invested wisely. We will review each request and select projects and causes based on the following criteria:

  • Direct relevance to our Community Contributions and Investment Program goals.
  • Impact our geographic target.
  • Impact one of the four key categories.
  • Will stimulate community awareness, involvement and increase support from both public and private sectors.
  • Reflects our Community Reinvestment Act policy and plan.

Types of Contributions

Norway Savings Bank provides support to community organizations in two ways:

  1. Donations are grants made to non-profit and not-for-profit organizations. Norway Savings Bank does not receive any tangible benefit (e.g. advertising, entertainment, banner or booth display, etc.) for the gift.
  2. Sponsorships are grants to help organizations raise money and promote our presence in the community. Sponsorships may include purchasing tickets to fundraising events; purchasing a hole in golf tournament fund-raiser; or advertising in newsletters, event programs or playbills.

To submit a written request for consideration, please deliver it to a local branch, or mail it to: Norway Savings Bank Attn: Marketing, PO Box 347, Norway, ME 04268.