NORWAY, Maine – Norway Savings Bank is proud to donate $3,000 to the Town of Bridgton Recreation Department for its 2020 youth soccer teams.
The COVID-19 pandemic has negatively impacted many families in Bridgton with an increase in unemployment, spurred, in part, by a slower-than-normal summer tourist season and a general economic slowdown. The community had 62% of its children qualifying for free or reduced lunches before the pandemic. As the school year looms, local officials fear a rate exceeding 70%, thus putting more children at risk for food and housing insecurity.
With these obstacles facing children, mental and physical health are both top of mind. In these challenging times, providing normalcy is also paramount. This year, when youth sports are more important than ever, the registration fees, for many families, are simply out of reach.
“I made it a goal this fall to provide our soccer program to the community free of charge with the caveat that we would not lose revenue and taxpayers would not subsidize any more of the program than they would in a normal year,” said Gary Colello, Recreation Director of the Town of Bridgton. “In a typical seven-week soccer season, the Town of Bridgton has about 120 soccer players from kindergarten to 6th grade. The donation from Norway Savings Bank covers what we would have made from registration fees.”
“Norway Savings Bank has been a part of the Bridgton community for 51 years,” said Patricia Weigel, President and CEO of Norway Savings Bank. “We are proud to be able to provide some of the funding to allow kids in Bridgton to play soccer this fall without the burden of registration fees.”
About Norway Savings Bank
Founded in 1866, Norway Savings Bank is a leading mutual banking and financial services company headquartered in Norway, Maine. As of June 30, 2020, Norway Savings Bank had $1.418 billion in total assets. Norway Savings Bank has 24 branch locations and operates divisions in asset management, personal banking and business banking. In 2016, Norway Savings Bank was honored as one of the Best Banks to Work For by American Banker and Best Companies Group as well as one of the Best Places to Work in Maine. In 2019, Norway was recognized with the “Best Wellness Employer – Gold Certification” by Wellness Workdays. BauerFinancial has designated Norway Savings Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 30 continuous years. For more information, visit www.norwaysavings.bank