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People's United donates $33,900 for CAA weatherization programs in Vermont

Tuesday, November 29, 2011

During the 2nd quarter of 2011, People’s United Bank announced that they would donate $100, to the Weatherization Assistance Programs (WAPs) offered through the State of Vermont Community Action Agencies (CAAs), for every personal checking account opened from June 7th through August 2nd.  People’s United Bank announced today that $33,900 would be spread among the CAAs for use in weatherizing homes throughout Vermont.

The Community Action Agencies which are independent non-profit organizations, were established through the State of Vermont Office of Economic Opportunity (OEO) under the Economic Opportunity Act of 1964 to fight America’s War on Poverty.  They help people to help themselves in achieving self-sufficiency.  The 5 Community Action Agencies in Vermont (4 of which have an affiliated WAP) include:  BROC - Community Action in Southwestern Vermont, CVCAC- Central Vermont Community Action Council, Inc., CVOEO - Champlain Valley Office of Economic Opportunity Inc., SEVCA - Southeastern Vermont Community Action, Inc. and NEKCA – North East Kingdom Community Action.  The lone WAP not affiliated with a CAA is NETO – North East Training Opportunities which provides weatherization Services in the North eastern portion of the state.

“The weatherization programs offered through the State of Vermont Community Action Agencies are a great example of ‘helping people help themselves,’” stated Michael Seaver, Vermont President, People’s United Bank.  “Over the last several years, so many Vermonters have relied on emergency funding for fuel.  The weatherization programs offered statewide will reduce our dependency on these funds and provide warmer homes for our neighbors in need,” continued Seaver.

The following is a breakdown of the dollars that the weatherization programs will receive:

BROC – Community Action in Southwestern Vermont         $3,200
CVCAC – Central Vermont Community Action Council, Inc.  $4,400
CVOEO - Champlain Valley Office of Economic Opportunity, Inc.   $14,600
NEKCA – North East Kingdom Community Action, Inc.               $1,500
SEVCA – Southeastern Vermont Community Action, Inc.             $10,200

“An innovative and creative idea became generous funding provided by People’s United Bank.  It is one more way we are able to keep families safe, warm and in their own homes,” said Jan Demers, Executive Director Champlain Valley Office of Economic Development.  “We have over 100 families on our wait list for weatherization services, so the timing for this donation from the People’s United Bank could not be better,” continued Demers.

For more information on the programs offered through the State of Vermont office of Economic Opportunity and Community Action Agencies in Vermont, please contact Shaun Donahue at shaun.donahue@ahs.state.vt.us or call 802-241-2454.

About People’s United Bank
People’s United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with approximately $25 billion in assets. Peoples United Bank, founded in 1842, provides consumer, commercial and wealth management services through nearly 340 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and in Westchester County and Long Island, New York. Through additional subsidiaries, People's United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.

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