How’s this for community impact?
In anticipation of Columbia Bank’s acquisition of Freehold Bank – scheduled for Saturday, the bank and its foundation awarded grants to 18 organizations totaling more than $100,000.
The funds will be used to support food insecurity, housing initiatives, medical aid and community development within the Freehold area.
Thomas Kemly, the head of the bank and the foundation, said the bank was excited to make the donations – and to acquire Freehold Bank.
“Columbia Bank is thrilled to welcome Freehold Bank to its family,” he said. “Both organizations share a commitment to excellent customer service, superior products and to giving back. Through this acquisition, we’ll introduce new branches and ATM locations with added products and services, paired with the same friendly faces from both teams.”
Freehold Bank CEO James Wainwright was equally thrilled.
“Freehold Bank is pleased to have partnered with Columbia Bank during this acquisition,” he said. “Our combined team will offer customers an elevated banking experience, alongside the same community banking values many customers have come to love.”
- Grant recipients include:
- Monmouth County Historical Association
- CentraState Healthcare Foundation
- Leukemia & Lymphoma Society
- Foodstock
- Freehold Area Open Door
- 180 Turning Lives Around
- Downtown Freehold
- Freehold First Aid & Emergency Squad
- Freehold Fire Department
- East Freehold Fire Company
- Freehold Independent Fire Company #1
- Emergency Housing & Advocacy Program Inc.
- Knights of Columbus Freehold, NJ Council #1672
- Freehold Elks NJ Lodge #1454
- American Legion Post 54 Freehold
- Veterans of Foreign Wars Post 4374 Freehold
- Monmouth Conservation Foundation
- YMCA of Greater Monmouth County
