Press Releases

Medway Means Community

Local Bank Shows Substantial Support

Feb 13, 2006, Medway, MA—Medway Co-operative Bank showered $30,000 on community groups in 2005. Demonstrating a serious commitment to supporting friends and neighbors, the Bank has made financial and other contributions to a wide variety of causes. Dozens of recipients benefited from Medway Co-operative Bank’s philanthropic support, which is a high priority for the 90-year old financial institution.

Caring for community has been a significant aspect of the Medway Co-op mission throughout its long history. The past year was definitely no exception to this tradition. From its support of education programs in Mendon and Medway to elder organizations, Medway Co-operative Bank participated in many diverse events and supported many valuable initiatives in 2005.

Contributions went to youth sports teams, benefit auctions and to other fundraising efforts of local non-profit groups from Medway and surrounding communities. Beneficiaries included the Mendon-Upton Education Foundation, Milford Regional Medical Center, Medway Youth Lacrosse, Tri-Valley Youth Hockey and the Franklin YMCA. Also receiving support were Medway Friends of Elders, Patriots Trail Girl Scout Troup, and Mendon Hurricane Relief Fund.

Beyond financial support, the officers of Medway Co-operative Bank provide their leadership and financial expertise to many non-profit groups including civic and industry organizations. In 2005, Bank representatives spent 700 hours of their time helping numerous associations including the Medway Foundation for Education, the Medway Business Council, Medway Lions Club, and the Mendon/Upton Education Foundation.

With large meeting areas and ample parking, Medway Co-operative Bank allows local groups to utilize its building and grounds for fundraising, educational, and other membership-oriented events. Recently, the Bank became the host of the Medway Senior Social, a first-Friday monthly opportunity for senior citizens in the community to gather and socialize.

"We enjoy the role we play as a community institution, and the responsibility that comes with it," stated Jack Hamilton, President & CEO of Medway Co-operative Bank. “We look forward to the future as we support the important organizations and initiatives based in the place we all call home."

Medway Co-operative Bank—with assets of $128 million—was founded in 1915, and continues to offer a wide range of individual and business banking services as the only purely mutual, solely local bank in the community. Medway Co-operative Bank continues to earn the highest rankings for financial strength from nationally recognized bank-rating companies including a Blue Ribbon Award from Veribanc and a Five-Star rating from Bauer Financial. Medway Co-operative Bank, a member of the FDIC and the SIF, is located at 70 Main Street in Medway, MA.

For further information, visit www.medwaycoopbank.com or call 508.533.8661.