Belmont Savings Bank Commits to $10,000 Local Donation

yesterday, July 9, announced its commitment to donating $10,000 to local charities, and seeks the public’s help in reaching the national round of the Boston Business Journal Social Madness competition.

With their advancement to the local championship round of the Social Madness contest, Belmont Savings has put itself in position to become eligible for $10,000, which would be donated back into the local community.

Belmont Savings is looking for local groups to assist the Bank in its bid for the charitable donation, namely by voting for the Bank in the current Boston championship match-up.

Voters have until Monday, July 16 to vote for Belmont Savings Bank, either by Liking its Facebook page, following it on Twitter, connecting on its LinkedIn page or selecting it at the Boston Business Journal Social Madness page.

The Bank estimates it will need a significant number of participants – roughly 5,000 voters – in order to advance to the national round and become eligible for the $10,000 prize. Once entering the national round, the Bank would launch an online poll, allowing voters to select their favorite charity they think deserves a donation.

Given their success in previous rounds, Belmont Savings officials expressed confidence in the Bank’s track record and ability to bring the donation back to the towns of Belmont, Watertown and Waltham.

Bob Mahoney, Belmont Savings Bank President and CEO, pointed to the Bank’s underdog status in their current match-up, and requested the public’s support in helping local causes by voting for the Bank in the competition.

“Thanks to our success in this contest, we now have a unique opportunity to help our community in a meaningful way,” said Mahoney.

“With the support of the public, Belmont Savings will advance the nationals where we can ensure that the many wonderful causes within our footprint reap the benefits from a substantial charitable donation."

The Boston Business Journal Social Madness contest measured social media growth of the 70 original participating companies in the Boston competition. Currently, Belmont Savings Bank is competing in the local championship round.

On July 17, a total of 43 winners and the top 21 runner-ups in each group (small, medium, and large companies) will advance to compete nationally. The Social Madness National Contest launches on July 24, and concludes on Sept. 11. The three national winners will have a charitable donation made in their name.

Every vote, LinkedIn connection, Twitter ‘follow’ or Facebook ‘Like’ that Belmont Savings receives counts toward the Bank’s final score.

Belmont Savings Bank is a $750 million, full-service community mutual bank dedicated to quality, convenience, and personalized service.