Savings bank

Machias Savings Bank Announces Recipients of First Round of $5,000 Grants to Nonprofits Across the State

Machias Savings Bank today announced the recipients of the first round of grants under its “YES!” Grant program, designed to support statewide nonprofits and charities that help move Maine forward. During the year 2022, the “YES! Grant will provide $100,000 to organizations that refuse to take ‘no’ for an answer to help others succeed.

Machias Savings Bank has awarded grants of $5,000 to each of the following organizations:

– Women for a healthy rural life
– Downeast Salmon Federation
– Francis Malcolm Science Center
– Aroostook County Action Program (ACAP)
– Cobscook Institute

During a voting period that took place in February and early March, Maine residents were encouraged to vote for their favorite nonprofits in Washington and Aroostook counties. The recipients listed above received the most votes from attendees. Voting will be split regionally for the rest of the year, with $25,000 going to local nonprofits each quarter. Quarter 2 will feature organizations from the Coastal Maine region, Quarter 3 focuses on the Southern region, and Quarter 4 is open to those in Central Maine.

“One of the driving factors of ‘YES!’ The grant program is Machias Savings Bank’s belief that when Mainers succeed, we are all better off,” said Melissa Denbow, vice president, community experience manager at Machias Savings Bank. “Each of the chosen organizations is focused on helping Maine move forward, supporting the success of our neighbors around the state. We are delighted to be able to contribute to the excellent work they are doing.

More information on the “YES!” Grant can be found online at

With nearly $2.2 billion in assets, 300 employees and 15 branches from Portland to Caribou, Machias Savings Bank seeks to move Maine forward through financial health, one person, business and community at a time. Founded in 1869 and a leader in customer experience and community, Machias strives to extend its impact beyond products and services through community donations, its employee volunteer program, and by personalizing every customer relationship. to help Maine businesses and individuals find their “YES!” More details about Machias Savings Bank can be found online at FDIC member.

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