June 5, 2017
Angel Maclure
DEAN BANK RECOGNIZED BY NATIONAL CAMPAIGN PROMOTING SAVINGS
AMONG 32 BANKS AND CREDIT UNIONS TO RECEIVE AMERICA SAVES DESIGNATION OF SAVINGS EXCELLENCE
June 5, 2017
Contact:Madeline Daniels, America Saves, (202) 939-1002 Michael Carroll Dean Bank, (508) 528-0088
FRANKLIN, MA— Dean Bank was recognized today with the 2017 America Saves Designation of Savings Excellence for its extraordinary efforts during America Saves Week/Military Saves Week to encourage customers to save money. The award is presented each year to financial institutions that succeed in getting people to open and add to wealth-building accounts.
“This was our most competitive year so far, with institutions engaging in creative ways and offering savings incentives,” said Allie Vered, America Saves Director. “A lot of people don’t believe they can find the money to save. But saving is not an amount, it’s an activity. Convincing consumers to pay themselves first, to hang on to dollars instead of spending, and to take a pledge to achieve a goal go a long way towards helping them develop savings habits. We recognize Dean Bank for their efforts to educate and inspire.”
Just two in five American households report making good or excellent savings progress. America Saves Week is an annual opportunity for people to assess their savings status and make a plan to start or increase saving, and for organizations like banks or credit unions to support good savings behavior. America Saves Week is coordinated each year by America Saves and the American Savings Education Council.
Dean Bank was one of 16 banks and 16 credit unions recognized nationally.
2017 America Saves Designation of Savings Excellence Recipients:
- Air Force Federal Credit Union
- Andrews Federal Credit Union
- Armed Forces Bank
- BancorpSouth Bank
- Dean Bank
- District Government Employees Federal Credit Union
- Dover Federal Credit Union
- Eglin Federal Credit Union
- Farmers Savings Bank
- First Arkansas Bank & Trust
- First Federal Savings and Loan Association of Port Angeles, WA
- FNB Community Bank
- Fort Hood National Bank
- Guadalupe Credit Union
- Hanscom Federal Credit Union
- Home Federal Bank
- Jax Federal Credit Union
- Keys Federal Credit Union
- LUSO Federal Credit Union
- M&T Bank Corporation
- Mechanics Bank
- MECU of Baltimore
- Navy Federal Credit Union
- Pacific Marine Credit Union
- Peninsula Federal Credit Union
- Pioneer Valley Credit Union
- Quontic Bank
- R.I.A. Federal Credit Union
- SmartyPig by Sallie Mae Bank
- Southern Bancorp
- Torrington Savings Bank
- WesBanco Bank, Inc.
For more information about the America Saves Designation of Excellence visit:
Bank Designation: http://americasavesweek.org/america-saves-designation-of-excellence-for-banks-criteria/
About Dean Bank
Dean Bank, founded in 1889, is a Massachusetts state-chartered, mutually owned institution with assets approaching $290 million. The bank has offices located in Franklin, Blackstone, Bellingham, and Mendon. As a member of both the FDIC and the SIF, the bank’s deposits are insured in full.
About America Saves
America Saves is a campaign managed by the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Learn more at americasaves.org and americasavesweek.org.