Cambridge Savings Bank Awards Scholarships to 2 Watertown Students

The following information was provided by Cambridge Savings Bank:

Cambridge Savings Bank today announced that Cambridge Savings Charitable Foundation has awarded scholarships to two local high school seniors from Watertown High School through the 2012 Kevin J. Fitzgerald Scholarship Program, which awarded a total of $65,000 to graduating seniors in Eastern Massachusetts this year.

This year’s scholarship winners from Watertown High School are Jake Hellman and Tessa Lynch-Colameta.

“Cambridge Savings Bank is dedicated to supporting local education by helping to provide students with the resources they need to continue their education after high school,” said Robert M. Wilson, president and CEO of Cambridge Savings Bank. “The Cambridge Savings Charitable Foundation is proud to have provided more than three-quarters of a million dollars in scholarships, over the past two decades, to students from the communities we serve.”

Now in its 21st year, the Kevin J. Fitzgerald Scholarship Program has awarded more than $815,000 to graduating seniors in the communities Cambridge Savings Bank serves. The program typically awards two $2,500 scholarships to local graduating seniors in each community, one for a traditional four-year program, and a second for a two-year technical/vocational or community college program.

The Cambridge Savings Charitable Foundation was founded by Cambridge Savings Bank as its primary charitable contribution vehicle. The Foundation's objective is to provide grants to local non-profit organizations for the benefit of people who live or work in Cambridge Savings Bank's Community Reinvestment Act (CRA) communities - Acton, Arlington, Bedford, Belmont, Brookline, Burlington, Cambridge, Concord, Lexington, Lincoln, Medford, Newton, Somerville, Waltham, Watertown, Winchester and Woburn.

Kevin J. Fitzgerald, former chairman of the board for Cambridge Savings Bank, began working at the bank while in college through a cooperative education program and started his full-time banking career upon graduating in 1967. During his career, Mr. Fitzgerald served as the bank’spresident, COO and CEO.

Jake will major in Physics at Tufts University, and Tessa plans to study Chemistry at Boston University in the fall.

About Cambridge Savings Bank Cambridge Savings Bank is a full-service financial institution with $2.3 billion in assets. As one of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has 16 banking centers located in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton Centre, Newtonville and Watertown. For more information about Cambridge Savings Bank, go to: www.cambridgesavings.com.