Michael D. Hewitt, President of Hometown Bank Community Foundation, Inc., announced today that a contribution in the amount of $5,000 was presented to NewVue Communities, formerly known as Twin Cities CDC.
NewVue Communities is a non-profit organization, located in Fitchburg, MA, that serves 22 communities in central Massachusetts. Since its founding in 1979, NewVue Communities has endeavored to improve local communities and the lives of their residents, regardless of their background. The contribution from Hometown Bank Community Foundation helps to support the various programs and services provided by NewVue Communities, including affordable housing, financial literacy, education and foreclosure prevention. It also helps with small business technical assistance for the creation and retention of jobs. Marc Dohan, Executive Director of NewVue Communities, stated that NewVue Communities “envisions healthy neighborhoods where residents choose to live, work and invest.”
Hometown Bank Community Foundation, Inc. was formed in early 2016 by bankHometown, a state-chartered cooperative bank headquartered in Oxford, Massachusetts with $730 million in assets. Christina DiRusso, assistant vice president of commercial lending for bankHometown, serves on the board of NewVue Communities. In addition, a number of bankHometown employees also serve as speakers at NewVue’s first-time homebuyer seminars.
bankHometown has served its communities since 1889 and operates thirteen full service branch offices; eight located in central Massachusetts and five located in northeastern Connecticut. Depositors of bankHometown have their deposits insured by the Federal Deposit Insurance Corporation for amounts up to $250,000 with amounts in excess of $250,000 insured in full by the Share Insurance Fund, a private excess insurer.