May 9, 2014  
Tracy Dean

Skowhegan Savings Charitable Foundation Donates $10,000
to Jobs for Maine's Graduates


Funds to Help Support Financial Literacy Initiative


SKOWHEGAN, Maine - Skowhegan Savings Charitable Foundation today announced it has donated $10,000 to Jobs for Maineā€™s Graduates (JMG), a statewide non-profit organization dedicated to helping local high school and middle school students who face barriers to education find success, a meaningful career, and a productive adulthood. The donation will support JMG's core financial literacy program currently offered at 64 Maine schools.


Specifically, the donation from Skowhegan Savings Bank will be directed to JMG's financial literacy programs at seven schools located in the communities the bank serves. These include: Mt. Blue High School, Carrabec High School, Carrabec Community School, Messalonskee High School (2 programs), Madison Memorial High School, Maine Central Institute and Warsaw Middle School.  


"We are thrilled that Skowhegan Savings Bank has chosen to award us with this generous grant," said Craig Larrabee, President and CEO of JMG. "But, financial support is just a small part of what the Bank does for young people in their area. Skowhegan Savings has partnered with JMG to develop a financial literacy fair for three years in a row; they support our financial literacy lessons in the classroom; and have helped us increase the number of students we serve in central Maine. Their investment in young people in their community is unparalleled." 


JMG and Skowhegan Savings Bank have been partners for seven years and collaborated on a number of initiatives to help young people. In 2012, Skowhegan Savings Bank partnered with JMG to host the first-ever financial literacy fair for seniors at Skowhegan Area High School. It featured real-world hands on activities such as balancing a budget and saving. The fair took place again this year at Skowhegan Area High School on April 17th. To date, Skowhegan Savings Bank through its Charitable Foundation has contributed almost $37,000 to support JMG initiatives in the local area. In turn, JMG has recognized Skowhegan Savings Bank for that support, nominating the bank last year for the national organization's Corporate Above and Beyond Award, which the bank received.


"JMG is such an incredible organization and their programs are an important resource for Maine's schools," said John Witherspoon, Skowhegan Savings President & CEO. "What they do makes a big difference in the lives of these students; it really helps them realize their potential while simultaneously giving them the confidence to reach it. We are proud to be a part of it."


Skowhegan Savings' charitable giving program makes donations to both large and small local non-profit and charity organizations with a focus on financial literacy programs and Economic and Community Development, including programs that promote job creation, business retention, business growth, and community enhancement. To apply for funding, visit:




From left to right: Vicki Alward, Skowhegan Savings SVP Retail Banking; Craig Larrabee, Job's for Maine's Graduates President & CEO; Karen Hart, Skowhegan Savings Branch Manager


About Skowhegan Savings:

Skowhegan Savings, founded in 1869, is an independent mutual savings bank dedicated to strengthening the Maine families, businesses and communities it serves. Named as one of Maine's Best Places to Work in each year from 2009-2013, Skowhegan Savings' team of friendly, committed employees takes pride in delivering personalized, competitive banking services offering straight forward banking advice and fair deals for customers. An innovative and progressive approach to banking ensures their customers enjoy a banking experience that is quick, easy and convenient. Skowhegan Savings' fifteen Maine branches include two locations in Skowhegan, as well as locations in Augusta, Belgrade (full service ATM only), Bingham, Dexter, Fairfield, Farmington, Jackman, Kingfield, Madison, Norridgewock, Phillips, Pittsfield, Rangeley and Stratton. For more information, visit or contact Customer Service at 800.303.9511.