PeoplesBank Sets New $2.3 Million Record for 2022 Donations

HOLYOKE, MA (January 4, 2023) – For a second year in a row, PeoplesBank set a new annual record for donations to civic and charitable causes. The bank tallied $2.3 million in donations for 2022, which is $1 million more than last year’s record. Since 2011, the bank has donated well over $13 million to area causes.

“Supporting the community is essentially what we were set up to do,” explains Tom Senecal, President and CEO of PeoplesBank. “We are a mutual bank, chartered to serve our customers and the communities they live in. As a mutual bank, we do not have stockholders who would divert profits. Therefore, we are able to significantly support nonprofits and other community causes.”

Mr. Senecal added that, as a large regional employer whose values include community service, PeoplesBank is able to increase its support to the community and social service organizations through volunteerism. “We have a lot of talent in our organization and because of that we have a significant presence on area nonprofit boards of directors. We also look for opportunities to roll up our sleeves and serve, and we spend thousands of hours each year doing that.”

More information on PeoplesBank Corporate Responsibility and how to apply for a donation can be found on our Community page.

About: PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Our three LEED® certified offices are environmentally friendly, and we have financed more than $188 million in wind, hydroelectric, and solar energy projects.

As the largest community bank in the market, we have a unique ability to help the communities we serve through volunteer efforts and millions of dollars in donations to charitable and civic causes.

PeoplesBank is a mutual bank and therefore is responsible to our depositors, employees, and the community. This organizational structure allows us to focus on the long-term viability of the bank and the best interests of our customers. We currently have 20 banking centers located in Massachusetts and Connecticut.

Media Contact
GCAi for PeoplesBank
Mary Cate Mannion, 413.736.2245
[email protected]