September 2007

Gorham Savings Institution invests $100,000 in the Genesis Fund

In August Gorham Savings Bank made a $100,000.00 investment in the Genesis Community Loan Fund to assist communities throughout Maine in developing affordable housing and economic and social opportunities that benefit some of the State's most vulnerable populations.

Gorham Savings joins eight other Maine lending institutions in supporting the work of the Genesis Fund by making low-interest investment loans that comprise the bulk of the Fund's $4.3 million lending pool.

According to Daniel Hunter, Chief Operating Officer at Gorham Savings, "An investment in the Genesis Fund helps our ability to impact communities at a local level in a way we can't do through traditional lending channels. Working with the Genesis Fund is a powerful way to make that important contribution to Maine communities."

In addition to its investment with the Genesis Fund, Gorham Savings, an independent community bank since 1868, demonstrates its commitment to housing for the elderly, low-income, disabled and disadvantaged by supporting the Maine Housing Investment Fund, the Westbrook Housing Authority, the People's Regional Opportunity Program, and Habitat for Humanity.

Welcome, Gorham Savings!

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