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Eastern Bank donates $7,500 apiece to Boys & Girls Club of Lynn and Boys & Girls Club of Greater Salem

Eastern Bank Charitable Foundation makes largest one-month donation in new program that rewards local organizations for each Red Sox victory

LYNN, Sept. 3, 2010 – Eastern Bank, the official bank of the Boston Red Sox television network, through its charitable foundation donated $7,500 to the Boys & Girls Club of Lynn and $7,500 to the Boys & Girls Club of Greater Salem in a program that rewards area Boys & Girls Clubs each time the Sox win. 

The Eastern Bank Charitable Foundation agreed to donate $500 for each Red Sox victory in August for the two North Shore clubs.  Since the Sox won 15 games, each club received $7,500.

The foundation created the program this year 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 extremely grateful to the Eastern Bank Charitable Foundation for its continuous support,” said Obie Barker, Executive Director of the Boys & Girls Club of Lynn.  “This unique funding opportunity made watching our beloved Red Sox that much more exciting.  With the economy still floundering, Eastern Bank once again extended its arm into the community to ensure opportunities are available for children.”

The charitable foundation has now donated $44,500 through the program to Boys & Girls Clubs operating in Greater Boston, Cape Cod, Greater Lowell, MetroWest and the North Shore. 

 “Eastern Bank is pleased to support two Boys & Girls Clubs that have provided tremendous support to families living on the North Shore,” said Richard E. Holbrook, Eastern Bank chairman and CEO.  “It’s our hope that this gift will assist both Clubs in their mission to help children reach their full potential.”  

“The Boys & Girls Club of Greater Salem is very excited to receive this Eastern Bank Charitable Foundation donation that is connected to our favorite baseball team, the Red Sox!,” said Joanne Scott, Executive Director of the Boys & Girls Club of Greater Salem.  “The contribution will be used in our ‘Power Hour’ program where kids complete their homework with assistance from counselors and volunteers.”

The Boys & Girls Club of Greater Salem offers after-school childcare for all children ages 8 to 18, emphasizing strong mentoring relationships and outstanding programming, Scott added.

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.