Lee Bank has a strong focus on giving back to the community. Because we do not have an obligation to shareholders, we are free to return capital earned to organizations, groups and events in our communities. In 2020, we are proud to report that our Community Impact Dividend totaled $179,000, which amounts to about 5.9% of the Bank’s net income. We supported numerous local organizations throughout the year including a $50,000 contribution to the COVID-19 Emergency Response Fund for Berkshire County.
Priority is given to organizations that provide social services to low-to-moderate income residents and those involved in economic development activities. Preference is also given to organizations that offer cultural, recreational and educational opportunities to residents of Berkshire County and who receive the majority of their funding from local sources.
COMING IN 2021, Lee Bank will be launching a new way of giving. Any questions should be submitted to our Marketing Manager, Alison Brigham, at [email protected].