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Savings Institute Bank & Trust Helps Pay Off Covenant Soup Kitchen’s Mortgage

Oct 06, 2017
WILLIMANTIC CT (September 2017) – Savings Institute Bank & Trust recently awarded Covenant Soup Kitchen $10,000 to help in the efforts to pay off the non-profit’s loan. The 35-year old organization serves more than 150,000 meals per year to food insecure residents of Willimantic and surrounding towns. Covenant Soup Kitchen also held the Shaboo Reunion-Windham 325 concert at Jillson’s Square to help raise the $100,000 that was needed.
“When the Covenant Soup Kitchen approached us about the event that they would be holding to help pay off their debt, we were more than happy to step up and provide volunteers to help them. We wanted to do more, though,” stated Laurie Gervais, Executive Vice President, Chief Administrative Officer at Savings Institute Bank & Trust. “The Covenant Soup Kitchen is an integral part of the Willimantic community that we’re so proud to call home, so it was decided we would make a monetary donation to make sure the payoff happened.”
Between the donation received from Savings Institute Bank & Trust, and the funds raised at the concert, Covenant Soup Kitchen was able to pay off its loan. 
Check presentation to Covenant Soup Kitchen.
Pictured: Laurie Gervais of Savings Institute Bank & Trust presents Kimberly Clark, interim director of Covenant Soup Kitchen and local residents with the $10,000 needed to pay off the kitchen’s loan to the Bank.
Savings Institute Bank & Trust headquartered in Willimantic, Connecticut offers branch locations throughout Rhode Island and eastern Connecticut. With 1.6 billion in assets, the Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses since 1842.