Community Investment Program

We were the first bank in the state of Connecticut to share profits with the community it serves.

Since 1995

The Community Investment Program was adopted July 1995 making Essex Savings Bank the first bank in the State of Connecticut to share profits in this fashion with the communities it serves. Essex Savings Bank donates up to 10% of its after tax net income to nonprofit organizations and community development projects within the Bank’s core marketing area.

Choose the option best suited for your organization and submit a request form.

Request a Donation Form

Annual CIP Ballot

Essex Savings Bank’s Ballot portion of it CIP program contributes 30% of it pledged after tax net income each year to non-profit organizations and community development projects in the following eight towns, including Chester, Deep River, Essex, Lyme, Madison, Old Lyme, Old Saybrook and Westbrook.

Starting in October each year, tax-exempt 501(c) (3), non-profit organizations that maintain their headquarters within the eight towns listed above are eligible to apply.  Unfortunately, applications from religious or service (Rotary, Lions, etc.) organizations are not be considered for the ballot portion of the CIP.

During the month of February, customers (any person having a loan, deposit account or safe deposit box with Essex Savings Bank) may each complete one ballot form with votes for up to three non-profit organizations.

Branch Funding

Non-profits must submit an application to a branch. Low to moderate income community projects may receive special consideration. Branch funding is eligible to 501(c)3 organizations or related-events within the specific branch’s local area.

Community Reinvestment Act (CRA)

Funding is provided solely to support the low to moderate income community. Please call (860) 767-4414 to speak with our CRA officer regarding your request for funding. The 501(c)3 must be headquartered in Chester, Clinton, Deep River, Essex, Guilford, Lyme, Killingworth, Madison, Old Lyme, Old Saybrook, or Westbrook