(1888PressRelease)
May 29, 2008 - Stoughton, MA - Thomas H. Drummey, Executive Vice President and Chief Operating Officer of Randolph Savings Bank, has announced the formation of the Randolph Savings Peter T. Pastore, Jr. Charitable Foundation. Named in honor of Peter T. Pastore, Jr., former Executive Vice President of the Bank who passed away in 2006, the Foundation will provide financial support to deserving charitable and nonprofit organizations in communities serviced by Randolph Savings Bank.
“We believe this is a fitting way to honor the memory of Peter Pastore who truly personified the ideal of giving back to the community,” says Drummey. “What Peter provided through his selfless commitment of time and energy, this new Foundation named in his honor seeks to emulate through financial support.”
Any 501(c)(3) not-for-profit, charitable organization or municipal entity in the Randolph Savings Bank communities in Massachusetts and Rhode Island is eligible to apply for funding. In Massachusetts this includes the towns of Avon, Braintree, Canton, Holbrook, Sharon, Stoughton and Randolph. In Rhode Island it includes Coventry, Cranston, East Greenwich, Warwick and West Greenwich. Organizations interested in applying for Foundation support can go to randolphsavings.com for guidelines and an application.
RANDOLPH SAVINGS
PASTORE FOUNDATION/2
Drummey, who will serve as President of the Foundation also announced that Louise DiChiara Pastore, would serve as Chairman of the Foundation’s Board of Directors.
Peter Pastore served on the Cranston City Council for 16 years, including four years as President. He was a founder of the Cranston Teen Center and helped to create legislation to help small businesses. The city recently dedicated the Peter T. Pastore, Jr. Youth Center in his name.
Randolph Savings Bank is a $365 million mutual savings bank with offices in Holbrook, Stoughton and Randolph, Massachusetts and Coventry, Rhode Island. Plans to open a new Cranston, Rhode Island branch are now in the regulatory and local approval stage. Founded in 1851, the Bank has always placed a strong emphasis on supporting the communities it serves.
For further information on the Randolph Savings Peter T. Pastore, Jr. Foundation contact Jen Millington, Clerk of the Foundation, by phone at 781-573-1326 or email at jmillington ( @ ) randolphsavings dot com.
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