Webster Bank awarded $1,000 each to 80 nonprofit organizations – for a total of $80,000 – as part of its employee volunteer campaign to help celebrate the bank’s 80th anniversary.
The banker volunteer initiative, “80 Days of Giving,” was launched October 11, 2015 and offered bankers the opportunity to earn $1,000 for the nonprofit of their choice. It also helped to increase Webster’s annual volunteer hours from 110,000 to 125,000. A luncheon was held May 3 at the Radisson Cromwell Hotel in Cromwell, Conn., for honorees and organizational leaders to receive their awards.
“Webster bankers participated across six states with family, friends, and co-workers,” said Kathy Luria, senior vice president, philanthropy at Webster. “We are so fortunate to have bankers who believe in the impact that their volunteer work can have on the communities they serve. By embracing this program in the way that they did, the positive results will go far beyond our financial investment. We are humbled by their generosity of time and are truly honored to recognize them in this way.”
Webster’s anniversary celebration kicked off in October 2015 to mark 80 years since its founding in a small office in Waterbury, Conn. during the Great Depression. That’s when Harold Webster Smith borrowed $25,000 from family and friends to help people buy and build their homes. The year-long celebration started with parties at all banking centers and hub sites throughout the footprint and has included an exhibit of artifacts and memorabilia at the Mattatuck Museum in Downtown Waterbury.
Congratulations Webster Bank!