NORWAY, Maine—Norway Savings Bank donated $1,500 to Maine Housing and Building Materials Exchange (BME); an organization that offers new and recycled building materials to low-income Maine families for the improvement, weatherization and general maintenance of their homes, at substantially discounted prices.
Located in Lisbon, BME occupies a 14,000 sq. ft. warehouse that holds thousands of inventory items: hot water heaters and woodstoves, insulation, lumber and flooring, doors, windows and many other components that keep a house safe and secure. Material donations come from a variety of sources: contractors, building supply warehouses, and homeowners remodeling their homes.
Shoppers of BME pay an annual income-based membership fee ranging from $10 to $25 and the product pricing is also based on the customers’ income. “Our mission is to give deep discounts to very low-income homeowners to improve heating, weatherization, energy efficiency and safety. Every year we find ourselves unable to assist all the applicants to this program because of a lack of funding. The Bank’s donation will help us meet this need” said Dave Zimmerman, Operations Director of BME. Lin Dehetre, Branch Manager of the Auburn branch was honored to present the check to BME. “This is a really great way to give back to our community – enabling people to make important renovations to their homes in a very affordable way,” said Dehetre.
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 December 31, 2015, Norway Savings Bank had $1.026 billion in total assets and provided financial services to over 38 thousand households throughout western and southern Maine. Norway Savings Bank has 24 branch locations and operates divisions in asset management, personal banking and business banking. In 2013, Norway Savings Bank was awarded the Governor’s Award for Business Excellence and was honored as one of the Best Banks to Work For by American Banker and Best Companies Group. Norway Savings bank has been recognized as one of the healthiest companies in America by the Wellness Council of America (WELCOA) as a two-time Gold-Level Well Workplace award recipient and has been acknowledged as one of the strongest banks in the nation after receiving a 5-Star Superior rating for over 100 consecutive quarters from BauerFinancial, Inc., the nation’s leading independent bank and credit union rating and research firm. For more information, visit www.norwaysavingsbank.com.