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Eastern Bank donates $5,000 to vandalized South Shore Habitat for Humanity home in Stoughton

STOUGHTON, Nov. 23, 2011 –  Eastern Bank has pledged to donate up to $5,000 to replace stolen construction supplies at the site of a recently vandalized home built by Habitat for Humanity in Stoughton.

A group of Eastern Bank employees helped build the home during a November 1, 2011 volunteer day organized by the bank and South Shore Habitat for Humanity.

“I am incredibly humbled by Eastern Bank’s donation and its commitment and generosity to South Shore Habitat for Humanity,” said Martine L. Taylor, Executive Director, South Shore Habitat for Humanity.  “Eastern Bank truly cares about the communities it serves and we are proud to be one of the many organizations that it supports.”

Vandals stole thousands of dollars worth of construction supplies and damaged a door frame, which was specifically designed to accommodate a 4-year-old, who has muscular dystrophy.  The move-in date was set for January, but has since been postponed.

“Eastern Bank was devastated to learn about this senseless act,” said Eastern Bank President Bob Rivers, who is a Stoughton native.  “It’s our hope that this donation replaces what was lost and allows the family to move into their new home as planned.”

Eastern Bank has strong ties to the Habitat for Humanity program.  In 2011, Eastern Bank partnered with slugger Adrian Gonzalez to donate a total of $80,000 to eight Habitat affiliates in eastern Massachusetts.  The South Shore Habitat for Humanity was one of the beneficiaries, as it received a $10,000 donation from Eastern and Gonzalez in early October.  

Eastern Bank has a long tradition of giving back to the communities it serves though charitable donations and employee volunteerism. 

Eastern Bank has donated, on average, more than 10 percent of its net income over the last 11 years to the Eastern Bank Charitable Foundation.  In 2011, the Charitable Foundation made $2.5 million in grants that supported close to 1,200 organizations.  
About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest independent and mutually owned bank in New England, with $7.6 billion in assets and more than 90 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 and Eastern Insurance.

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