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Eastern Bank program nets $51,000 for Boys & Girls Clubs across eastern Massachusetts

Boys & Girls Club of Plymouth receives the final donation in initiative that rewarded local clubs for each Red Sox victory

BOSTON, Oct. 5, 2010 – Eastern Bank, the official bank of the Boston Red Sox television network, donated $51,000 this season through its foundation to Boys & Girls Clubs across its eastern Massachusetts footprint.

For every Red Sox win this season, the Eastern Bank Charitable Foundation donated $500 to a specified Boys & Girls Club.  Each month, a new club was selected to receive $500 for each win.  In August, two clubs were selected and each received $500 for a win.

The Boys & Girls Club of Plymouth received the final donation of the season, as the Red Sox’s 13 wins in September resulted in a $6,500 donation from the bank’s charitable foundation. 

Eastern Bank 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.  The program reached Boys & Girls Clubs operating in Greater Boston, Cape Cod, Greater Lowell, MetroWest, North Shore and South Shore.

“The Eastern Bank Charitable Foundation has helped make it possible for us to provide needed programs for our kids,” said Garreth J. Lynch, Ph.D., Executive Director of the Boys & Girls Club of Plymouth.  “These programs help Plymouth children reach their full potential.  Eastern Bank sees the value to the community and, through its generosity, helps us develop Plymouth youth.” 
 “Eastern Bank is pleased with the success of this program because it helped so many youth programs in communities stretching from the Merrimack Valley to Cape Cod,” said Richard E. Holbrook, Eastern Bank chairman and CEO.  “We strive to be the best citizen for our communities and this program was a great example of that.”  

The Boys & Girls Club of Greater Salem and Boys & Girls Clubs of MetroWest put their funds towards a “Power Hour” program where children complete their homework with assistance from counselors.
The Boys & Girls Club of Lynn and the Boys & Girls Club of Cape Cod used their contribution to support a health and fitness program.  In addition, the Boys & Girls Club of Lynn put some funds towards its “Project Learn” program, which assists students with school assignments.
The charitable giving program was 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.

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