Cornerstone Bank is once again proving its deeply rooted commitment to the economic well-being of the community it serves. The bank recently donated $5,000 to the Quaboag Valley Community Development Corporation (QVCDC), a non-profit organization that helps local small businesses grow and prosper.
Cornerstone’s donation is focused on giving low-to-moderate income residents unique access to financial security. The contribution goes to the QVCDC’s Harrison and Diane Quirk Financial Fitness Club, a program that offers a free, 12-month matched savings plan along with advice from professional advisors on spending, borrowing and reducing debt.
“This program not only sets participants up for personal financial growth, but it also has a direct impact on their families, and a positive ripple effect on the local economy,” said Cornerstone Bank CEO Todd Tallman. “Industry studies suggest that a healthy financial life leads to good mental and physical well-being.”
This donation marks Cornerstone Bank’s second gift to the Financial Fitness Club, which has generated positive results. Participants typically spend a year learning about how their relationship with money affects their lives. The program shows them how to make a habit of saving every month, sticking to a household budget and working to protect credit scores.
“We’re thrilled to have a hand in helping individuals and families reach their financial goals,” said Tallman. “We’re confident the economic security people gain from the Financial Fitness program will lay the foundation for achieving even bigger dreams.”
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