Webster Expands Finance Lab Initiative With 3 Nonprofit Partners
Webster Bank is expanding its Finance Lab initiative by partnering with three new nonprofit organizations, providing $100,000 grants each to Boys & Girls Clubs of Providence, Boys & Girls Clubs of Dorchester, and SCO Family of Services. This expansion is part of Webster's multi-year, multi-billion-dollar Community Investment Strategy focused on financial empowerment in low- to moderate-income communities. Since its launch in June 2022, the initiative has invested $1.7 million through partnerships with nine nonprofits, establishing Finance Labs to provide financial education and economic empowerment programs for young people.
Webster Bank sta espandendo la sua iniziativa Finance Lab collaborando con tre nuove organizzazioni non profit, fornendo $100,000 in sovvenzioni ciascuna ai Boys & Girls Clubs di Providence, ai Boys & Girls Clubs di Dorchester e a SCO Family of Services. Questa espansione fa parte della strategia di investimento nella comunità di Webster, che si estende su più anni e miliardi di dollari, ed è focalizzata sull'emancipazione finanziaria nelle comunità a basso e medio reddito. Dalla sua attivazione a giugno 2022, l'iniziativa ha investito $1.7 milioni tramite partnership con nove organizzazioni non profit, istituendo Finance Labs per fornire programmi di educazione finanziaria e di emancipazione economica per i giovani.
Webster Bank está expandiendo su iniciativa Finance Lab asociándose con tres nuevas organizaciones sin fines de lucro, proporcionando $100,000 en subvenciones a cada uno de los Boys & Girls Clubs de Providence, Boys & Girls Clubs de Dorchester y SCO Family of Services. Esta expansión es parte de la estrategia de inversión comunitaria de Webster que abarca varios años y miles de millones de dólares, centrada en el empoderamiento financiero en comunidades de bajos a moderados ingresos. Desde su lanzamiento en junio de 2022, la iniciativa ha invertido $1.7 millones a través de asociaciones con nueve organizaciones sin fines de lucro, estableciendo Finance Labs para proporcionar educación financiera y programas de empoderamiento económico para jóvenes.
웹스터 은행은 3개의 새로운 비영리 단체와 파트너십을 맺고 금융 교육 프로그램과 경제적 권한 강화를 제공하기 위해 각 단체에 $100,000의 보조금을 제공함으로써 금융 실험실 이니셔티브를 확장하고 있습니다. 이번 확장은 저소득 및 중간 소득 커뮤니티에서의 금융 권한 강화를 중심으로 한 웹스터의 다년기, 수십억 달러 규모의 커뮤니티 투자 전략의 일환입니다. 2022년 6월 시작 이후 이 이니셔티브는 9개의 비영리 단체와의 파트너십을 통해 $1.7 백만을 투자하며, 청소년을 위한 금융 교육 및 경제적 권한 강화를 위한 금융 실험실을 설립해왔습니다.
Webster Bank élargit son initiative Finance Lab en s'associant à trois nouvelles organisations à but non lucratif, offrant $100,000 de subventions chacune aux Boys & Girls Clubs de Providence, aux Boys & Girls Clubs de Dorchester et à SCO Family of Services. Cette expansion fait partie de la stratégie d'investissement communautaire pluriannuelle et de plusieurs milliards de dollars de Webster, axée sur l'autonomisation financière dans les communautés à faible et moyen revenu. Depuis son lancement en juin 2022, l'initiative a investi $1.7 million à travers des partenariats avec neuf organisations à but non lucratif, établissant des Finance Labs pour fournir une éducation financière et des programmes d'autonomisation économique pour les jeunes.
Webster Bank erweitert ihre Finance Lab-Initiative durch Partnerschaften mit drei neuen gemeinnützigen Organisationen und gewährt jeweils $100,000 Zuschüsse an die Boys & Girls Clubs of Providence, die Boys & Girls Clubs of Dorchester und die SCO Family of Services. Diese Expansion ist Teil von Websters mehrjährigen, milliardenschweren Community Investment Strategy, die sich auf die finanzielle Förderung in einkommensschwachen bis moderaten Gemeinschaften konzentriert. Seit ihrer Einführung im Juni 2022 hat die Initiative $1.7 Millionen durch Partnerschaften mit neun gemeinnützigen Organisationen investiert und Finance Labs eingerichtet, um finanzielle Bildung und Programme zur wirtschaftlichen Stärkung für junge Menschen anzubieten.
- Invested $1.7 million in financial education initiatives since June 2022
- Expanded presence in three new markets through strategic nonprofit partnerships
- Contributing $300,000 in new grants to support community financial education
- None.
Insights
Webster Bank's
- Enhanced brand reputation in key Northeast markets
- Strengthened community relationships in LMI areas
- Potential future customer acquisition through youth financial education
By Webster Bank
STAMFORD, CT / ACCESSWIRE / November 14, 2024 / Webster Bank is expanding its Finance Lab collaborations with three new partners to provide financial empowerment programs to hundreds of students in low- to moderate-income (LMI) areas. Webster is providing grants of
The Finance Labs are part of Webster's multi-year, multi-billion-dollar Community Investment Strategy designed to help nonprofit partners in LMI communities create opportunities for young people to gain skills needed for economic empowerment and financial success. The initiative launched in June 2022 and to date has invested
"We're proud to work with organizations so deeply rooted in the communities we serve and whose missions align with ours," said Chief Corporate Responsibility Officer Marissa Weidner. "These partnerships enable us to expand our Finance Lab initiative, supporting our commitment to creating economic vitality in the neighborhoods where we live and work."
To date, Webster has launched Finance Labs with these nonprofit partners:
Yonkers Partners in Education, Yonkers, N.Y.
Eagle Academy Foundation, with six locations in New York and New Jersey
Wakeman Boys & Girls Club of Bridgeport, YWCA of Greater Hartford and The Hispanic Coalition of Greater Waterbury, all in Connecticut
Taunton Area School to Career Finance Lab in Massachusetts
Webster will celebrate the opening of the Taunton location in October.
The newest Finance Lab partners shared their thoughts on how the Webster grants will support their organizations' work:
"We are so grateful to Webster Bank for this transformational grant to establish a Finance Lab for the members of Boys & Girls Clubs of Dorchester. This investment enhances the educational opportunities at our Clubs and fosters the ability to build up our communities by teaching our youth to be fiscally responsible adults and build brighter futures. Thank you for your generosity and partnership." - Bob Scannell, President & CEO, Boys & Girls Clubs of Dorchester
"Financial literacy is a crucial skill and an important step in preparing our members for success and supporting their economic stability in the future. We are thrilled to partner with Webster Bank to bring this opportunity to our teens and help foster the skills needed to achieve their financial goals. This is a great example of a local business investing in the lives of our youth and in their community." - Nicole Dufresne, CEO, Boys & Girls Clubs of Providence
"We are grateful to Webster Bank for empowering the youth we serve with the gift of financial literacy. We know that with the right tools and support our young people can and will successfully transition to adulthood. Financial literacy plays an essential role in their success and ongoing financial stability. This first-of-its-kind Finance Lab on Long Island will equip young people with the power and knowledge to thrive emotionally, socially and financially." - Suzette Gordon, President and CEO of SCO Family of Services
Learn more about Webster Bank's commitment to good corporate citizenship. Click here for more about our Office of Corporate Responsibility.
About Webster
Webster Bank ("Webster") is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Webster is a values-driven organization headquartered in Stamford, CT, with
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SOURCE: Webster Bank
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FAQ
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