Dedham Savings Pledges $1.5 Million in Minority Communities
Dedham Savings has pledged $1.5 million toward investing in minority communities, with the objective of reducing racial inequities in housing, according to an announcement by Peter Brown, Dedham Savings President & Chief Executive Officer.
Stated Brown, “Dedham Savings employees and customers come from various races, religions, and cultural backgrounds and we have always prided ourselves on celebrating those differences. Every positive step is a step in the right direction, and we look forward to actively promoting peace, harmony, equality and acceptance among all.”
Noted Mark Ingalls, Dedham Savings Chief Financial Officer, “Actions speak louder than words. Dedham Savings is committed to listening, to understanding, and to taking actions like this that lead toward inclusion.”
Dedham Savings has also targeted three organizations whose focus is on racial equality and respect. These organizations are Youth Enrichment Services (YES), the National Association for the Advancement of Colored People (NAACP), and the Dorchester Youth Collaborative (DYC), and each of these organizations will each receive $5,000 donations. These investments are in addition to the Bank’s recent Foundation grants of over $75,000 to more than 20 local food pantries.
ABOUT DEDHAM SAVINGS
Incorporated in 1831, Dedham Savings has assets of over $1.6 billion. Its mission is to promote financial strength and success in the individuals, families, and businesses of the communities it serves. Dedham Savings offers a broad range of financial and electronic banking services to individuals, businesses and organizations through full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood, MA.