bankHometown News

bankHometown contributes $250,000 to Webster Public Library

OXFORD, MA: Michael D. Hewitt, President and CEO of bankHometown, announced the bank has donated $250,000 to The Friends of Chester C. Corbin Library towards the Capital Campaign to build the new Webster Public Library. Hewitt stated, “We are excited about this opportunity to support the Webster community in which we have been an integral part since our founding in 1889. As a community bank we strive to support the communities we serve and this is a great investment in the future of Webster and the surrounding communities.”

Thomas Klebart, President of Friends of Chester C. Corbin Library said, “I am delighted to be able to thank bankHometown for the significant donation made to the Friends of the Library. Your gift will allow us to help the town pay for the construction of the new library and to create an endowment to provide funds for future library programs.”

Paul LaFramboise, Vice President of Friends of the Chester C. Corbin Library, added “I don’t think you can measure the impact a donation like this will have on our community. I find it so impressive that a bank has not lost sight of the importance of a community library. From its founding here in Webster, bankHometown really is a hometown bank and
a great part of our town.”

This contribution is particularly meaningful to the bank as bankHometown, a mutual bank chartered in 1889,opened its first office in Webster, MA under its original name, Webster Cooperative Bank. For more than a century it operated as a small one-branch bank and in 1997 changed the name to Hometown Bank. Soon, branches in Oxford and Sturbridge were added. In 2011, bankHometown acquired Athol-Clinton Cooperative Bank thereby expanding its presence into Athol and South Lancaster followed by second branch in Webster and new branches in Auburn and Leominster. And most recently bankHometown acquired CNB thereby expanding the branch network south, down the 395 corridor, with 5 branches in Connecticut.

Sam Pappas, Chairman of the Board for bankHometown said, “bankHometown has its roots in Webster and there is no better way to show our appreciation for the community support we have received over the years. Now it is our turn to provide support for the library which will educate people and support democracy by providing our community with the
tools and access to explore and make informed decisions. I truly believe that the library will strengthen neighborhoods and champion the cultural lives of our community which are big responsibilities, and bankHometown prides itself on being part of this important community process. I, and the entire Board of Directors, feel strongly that a library is essential in building a community with long term prosperity and sustainability.”

The new library will better meet the needs of the community and will contribute to the revitalization of downtown Webster. The improved space layout will be more functional for the numerous current programs as well as enable the library to add new services and programs such as school and library coordinated activities for children and job readiness classes for adults. The Friends of the Library will recognize this generous gift with the dedication and naming of the bankHometown Lobby in the new library.