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Boys & Girls Club of Cape Cod receives $9,000 from Eastern Bank

Club cashes in on new program that rewards local organizations for each Red Sox victory

Mashpee, MA, June 2, 2010 – Eastern Bank, the official bank of the Boston Red Sox television network, donated $9,000 to the Boys & Girls Club of Cape Cod through a new program that rewards area Boys & Girls Clubs each time the Sox win.

Through the Eastern Bank Charitable Foundation, the bank agreed to donate $500 to the Boys & Girls Club of Cape Cod for each Red Sox victory in May.  Since the Sox won 18 games, the club received a total of $9,000.

Each month, a new club will be designated to receive $500 for each Sox victory.  The bank created the program to demonstrate its commitment to the communities it serves and to illustrate the importance of teamwork among corporations and local not-for-profits.

“We are so pleased to partner with Eastern Bank in a program involving the Boys & Girls Club,” said Ruth Provost, Executive Director of the Boys & Girls Club of Cape Cod. “Eastern Bank has stepped up to the plate to help our children in many ways over the years, and we can’t thank them enough for being such a good corporate neighbor.” 

The program drew immediate excitement inside the Boys & Girls Club of Cape Cod, as children posted paper baseballs to a special wall to mark each Red Sox victory. 

“Eastern Bank is committed to giving back to Cape Cod and all of the communities it serves,” said Richard E. Holbrook, chairman and CEO of Eastern Bank.  “This program is just another example of how we strive to be the best citizen in our communities.”      

The charitable giving program is mentioned during the 5th inning of every NESN broadcast.  The following Boys & Girls Clubs were selected to participate:

• April – Boys & Girls Clubs of Boston
• May – Boys & Girls Club of Cape Cod
• June – Boys & Girls Club of Lowell
• July – Boys & Girls Clubs of MetroWest
• August – Boys & Girls Club of Lynn and Boys & Girls Club of Greater Salem
• September – Boys & Girls Club of Plymouth

The mission of the Eastern Bank Charitable Foundation is to contribute, in a meaningful way, to the health and vitality of the various Greater Boston communities. This is done through financial support for selected nonprofit organizations operating within these communities.

About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest independent and mutually owned bank in New England, with almost $7.0 billion in assets and more than 80 branches serving communities from the Merrimack Valley to Cape Cod.  Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers’ needs so it can deliver these services in a committed and personal way.  Eastern Bank includes Eastern Wealth Management, Eastern Insurance and Fantini & Gorga, a real estate advisory firm.

For more information, contact: Andrew Ravens, Public Relations, Eastern Bank, 781-598-8528, or e-mail Andrew Ravens.