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Pawtucket – Mayor Donald R. Grebien announced that Bristol County Savings Bank (BCSB), through its charitable foundation, has awarded a $50,000 grant to the City’s Pawtucket Business Development Corporation. The grant will be used to fund five loans to be provided to Pawtucket businesses, under PBDC’s COVID-19 Emergency Loan Program.
“Since opening its branch on Armistice Blvd in 2001, Bristol County Savings Bank has always been a strong supporter of Pawtucket’s business community,” notes Mayor Donald R. Grebien. “This generous grant allows us to reach out to more businesses who need a quick infusion of capital to keep their doors open during this devastating pandemic. Bristol County Savings Bank has most certainly been a major contributor to the City’s economic and social-wellbeing.”
“Bristol County Savings Bank provided the City with a very unexpected, generous donation,” says Commerce Director Jeanne Boyle. “We totally appreciate the continued support of BCSB’s Foundation,” she says.
“The Bank has enjoyed a strong partnership with the City of Pawtucket for close to 20 years with much of that collaboration in the area of economic development,” said Patrick Murray, President & CEO, Bristol County Savings Bank. “In these uncertain times, we are extra focused on supporting the communities we serve. We are proud to partner with the Pawtucket Development Corporation and provide this grant to assist in their efforts to help small businesses hit especially hard by the pandemic.”
The Bristol County Savings Charitable Foundation was established in 1996 as part of the Bank’s 150th Anniversary celebration. Its purpose is to fund Bedford/Dartmouth Region, the Fall River Region and the Pawtucket, Rhode Island Region, with particular emphasis in the areas of education and literacy, economic development and housing for the low- to moderate-income population. Since the Foundation began, more than $22 million has been committed to hundreds of different non-profit organizations. In 2019, the Foundation awarded over $1.9 million to various 501©(3) organizations.
FOR IMMEDIATE RELEASE
April 14, 2020
Contact: Wil Arboleda
401-728-0500 ext. 358
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- Mayor Donald R. Grebien