Naugatuck Savings Bank Giving $50,000 to Nonprofits

For a third year in a row, Naugatuck Savings Bank will give away $50,000 to local nonprofits. And it wants its customers to decide where the money will go.

Last year, through this program.

The garnered the most, with a $5,000 grant, followed by , which received $3,755.

The received a $2,982 grant. The received a $500 grant.

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Naugatuck Savings Bank announced its third annual Community Awards Program, which allows the customers to decide how the bank’s Savings Foundation will award $50,000 in grant money to a local 501(c)(3) nonprofit or charitable organization.

"As a leading corporate citizen, we believe we have a responsibility to help the communities we live in by assisting nonprofit organizations meet their funding needs," said Mark C. Yanarella, chairman and CEO of Naugatuck Savings Bank. “We value the opinions of our customers so our Foundation wants them to help us determine what local organizations are most deserving of grant money.”

Bank customers will be able to cast their vote online at naugatucksavingsbank.com or in any of the bank’s 15 branch locations, including the and the .

Apart from Naugatuck, the bank operates branches in Ansonia, Cheshire, Hamden, Meriden, Middlebury, Oxford, Prospect, Southbury, Waterbury, Watertown and Woodbury.

Voting will take place through March 31, 2012. The votes will be tabulated in April 2012 and those organizations with the required one percent of total votes will receive a proportional share of the $50,000 with a maximum award of $5,000 per organization, the bank stated in a press release.

Also, there will be a special award of $500 to six randomly selected eligible organizations that receive less than the required one percent of the votes, according to the press release.