Cape Cod Five receives National Community Outreach Award for local financial literacy efforts [Business]

One of ten banks chosen out of a field of 200

   Dorothy Savarese, President and CEO of Cape Cod Five, receives an award from the ABA. Photo courtesy CC5.

The Cape Cod Five Cents Savings Bank was nationally recognized for its community outreach efforts during the American Bankers Association (ABA) National Conference for Community Bankers in Palm Desert, California on February 21. The ABA selection committee recognized 10 banks from a field of nearly 200 nominations based on the innovation, creativity and effectiveness of the member bank’s approach to making a difference in its community. Specifically, Cape Cod Five was awarded for its array of outstanding financial education initiatives to help improve financial literacy for both youth and seniors in the communities it serves. To date, the Bank’s Financial Education program has reached over 3,700 people.

"The Cape Cod Five is honored to receive this award that recognizes our Bank's continuing commitment to financial education and the hard work of our team and our partners in the schools and the community," said Dorothy A. Savarese, the President and CEO of the Cape Cod Five. Entries were divided into seven categories including helping to achieve homeownership, encouraging volunteerism, fundraising for foundations and local groups, improving financial literacy, reaching out to the underserved, building with Habitat for Humanity and community revitalization.

The ABA Community Bank Awards program was established in 2005 to recognize community banks’ outstanding charitable achievements.

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