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Boys & Girls Club of Greater Lowell receives $9,000 from Eastern Bank

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

LOWELL, July 15, 2010 – Eastern Bank, the official bank of the Boston Red Sox television network, donated $9,000 to the Boys & Girls Club of Greater Lowell 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 Greater Lowell for each Red Sox victory in June.  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.

With 47 Red Sox wins in April, May and June, the charitable foundation has now donated $23,500 to Boys & Girls Clubs operating in the Greater Boston, Cape Cod and Greater Lowell areas. 

“The Boys & Girls Club of Greater Lowell is thankful for the generous support of this unique program,” said Jeff Lambert, the club’s acting Chief Professional Officer. “Eastern Bank is a great teammate and this will help us provide innovative programs in a safe environment to over 400 kids per day this summer.”

“Eastern Bank has a long-standing tradition of supporting local organizations, which are vital to the health and well being of our communities,” said Richard E. Holbrook, chairman and CEO of Eastern Bank.  “This new initiative 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 Greater 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.