Vermont Business Magazine Community Bank NA recently presented Champlain Valley Office of Economic Opportunity with a $17,500 donation as part of a challenge grant pledged in December. The bank partnered with CVOEO to raise money for the organization’s WARMTH program by matching WARMTH donations dollar for dollar during December, up to a total of $17,500.
Statewide, donations totaled more than $100,000 to help low-income Vermont families stay warm this winter. All funds will be distributed by CVOEO for use by all five community action agencies statewide for the emergency-based WARMTH program to help to offset home heating bills. One hundred percent of all donations will be used for WARMTH client services.
“The Champlain Valley Office of Economic Opportunity and their WARMTH program are vital components of our community, and Community Bank N.A. is proud to offer our support to their efforts,” Community Bank N.A. New England Regional Manager Anita Bourgeois said. “I want to thank each and every community member who made a donation to this year. Thanks to your efforts, our neighbors in need will stay warm and safe this winter.”
Last year, CVOEO provided 4,227 fuel assists to more than 2,939 households statewide. Since its inception in 1986, WARMTH has helped approximately 80,000 families keep safe and warm throughout the winter season.
“The largest percentage of families we serve is working families. The minimum wage may have increased, but the projections for a stronger economy haven’t reached these Vermonters,” CVOEO Executive Director Jan Demers said. “Federal and state funding has decreased year after year. The donations we receive through the WARMTH program go directly to keeping families warm. These gifts bridge the gap. When all other funds are exhausted, it is our Vermont community that keeps the heat on. We are so grateful.”
For more information about CVOEO and the WARMTH program, visit cvoeo.org. To apply for home heating assistance, contact your local community action agency. Vermonters age 60 and older may also call the Senior Helpline at 800-642-5119 for assistance. For more information on Community Bank N.A., visit cbnanews.com.
Photo: Community Bank N.A. New England Regional Manager Anita Bourgeois, CVOEO Executive Director Jan Demers and Community Bank N.A. District Manager Erika Baldasaro.
About Community Bank System Inc.
Community Bank System Inc. operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts through its banking subsidiary, Community Bank N.A. and has been serving its communities for more than 150 years. With more than $10 billion in assets, the DeWitt, New York-headquartered company is among the country’s 150 largest financial institutions. Community Bank, N.A. has consistently been ranked among the top 15 best banks in America by Forbes magazine for the past seven years running, and was most recently ranked sixth in 2017. In addition to a full range of retail and business banking services, the company offers comprehensive financial planning, insurance and wealth management services. Community Bank System Inc. subsidiaries/business units include OneGroup NY Inc., which provides risk management and commercial insurance, employee benefits and personal lines insurance; Community Bank Wealth Management, which provides investment advisory, personal trust and financial planning services, as well as personal, business and nonprofit portfolio design; and Benefit Plans Administrative Services Inc., which provides actuarial, retirement and VEBA/HRA plan administration, and collective investment fund, employee benefit trust and transfer agency services.
Community Bank System Inc. is listed on the New York Stock Exchange and the company’s stock trades under the symbol “CBU.” For more information about Community Bank, visit communitybankna.com or ir.communitybanksystem.com.
WARMTH is a statewide emergency-based program that utilizes privately donated funds to help prevent low income households from going without heat during the winter season. The Warmth program, which has existed since 1986, is administered by Community Action Agencies across Vermont; Community Action staff provides advocacy and financial assistance to households in need to help them resolve their home heating emergency. The Warmth program is intended to supplement the state’s Seasonal and Crisis Fuel Assistance services.
Source: Community Bank