Millbury Savings Bank commits $25,000 to fuel fund

MILLBURY, MASSACHUSETTS, January 4, 2010 — In time for this winter’s home heating season, Millbury Savings Bank has contributed another $25,000 to the Community Energy Assistance Program, a fund the bank established in 2005 to help eligible residents pay their home heating costs. This brings the bank’s total contributions to the program to $130,000.

“Given the economic conditions this past year, the energy assistance program will be more critical than ever in helping struggling families meet the costs of heating their homes,” said William J. Walsh, Millbury Savings Bank’s president and chief executive officer. “We’re happy to continue this kind of financial assistance.”

The program provides fuel assistance to households in the bank’s lending area that meet federal guidelines for low-income individuals. For qualifying applicants, Millbury Savings Bank will pay up to $350 for oil and up to $300 for natural gas or electric directly to the energy supplier. The program is coordinated through the Millbury Senior Center, but is not limited to senior citizens or Millbury residents.

Eligible properties include owner-occupied, single-family residences or apartments. Ineligible properties include subsidized housing, multi-family housing producing rental income (even if owner-occupied), and apartments that include heat as part of the rent.

To apply, or to determine if you are eligible, contact the program’s local coordinator, Judith O’Connor, executive director of the Friends of the Millbury Seniors, at the Millbury Senior Center, 1 River Street, (508) 865-9247.

About Millbury Savings Bank’s Charitable Giving Program
Millbury Savings Bank has made a significant and long-standing commitment to give back to the neighborhoods it serves. Through its charitable giving program, the bank has provided much-needed financial support to community organizations in Central Massachusetts. In fact, since 1995, Millbury Savings Bank has contributed over $750,000 to local charitable and civic organizations, youth and senior citizen groups, and other non-profit organizations. 

About Millbury Savings Bank
Millbury Savings Bank, with assets of more than $190 million, is a full-service, community-based, mutual savings bank with two offices located in Millbury. Established in 1854, the bank offers an array of savings and loan products for individuals, families, and small to mid-size businesses within Central Massachusetts. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). Recently, and for the past 79 quarters, Millbury Savings earned the 5-star “Superior” rating from Bauer Financial Reports, Inc., of Coral Gables, Florida—the nation’s leading independent bank rating and research firm.

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