Blog : Kennebunk Savings' Green Story

By Mary | May 8, 2014 | in

Did you know that every Green Alliance business undergoes a full and transparent Sustainability Certification? GA takes a look at what makes the business green and where they have room to improve. Check out Kennebunk Savings' Green Story below and learn more about what makes this community-friendly bank green! Kennebunk Savings has been a green-certified Green Alliance Business Partner for a number of years now, but we recently updated their Green Story. To read all of Kennebunk Savings' certification documents, click here.

Founded in 1871, Kennebunk Savings is an independent, mutually owned savings bank that sets itself apart from its short-term focused, stockholder peers by preserving its fiscal responsibility as a business to benefit the community over the long term. Today, the company boasts 16 banking offices that serve individuals and businesses in York County Maine and Seacoast New Hampshire. Its newest branch opened in Hampton in May 2013 and is its third location in New Hampshire.

Kennebunk Savings offers a complete suite of financial services, including insurance and investment products, for personal and commercial customers alike. And while they offer products and services similar to any big bank, they are very much the same community-oriented company as it was when it started. Kennebunk Savings’ “Community Promise” is to donate 10 percent of their annual profits to local nonprofit organizations, resulting in over $7.5 million in donations since 1994 and helping upwards of 350 organizations every year. In 2012 alone, 8,500 volunteer hours were given back to the community by employees who shared their time and talent.

Kennebunk Savings’ commitment to the community aptly encapsulates their ever-growing green consciousness. The company conducts regular giveaways for their used furniture and office equipment – in turn giving the proceeds to charities and nonprofits throughout the area – and donates used office supplies to Ruth’s Reusable Resources in South Portland, Maine, a company which offers school supplies at reduced rates to area schools.

On top of their incredible community involvement, Kennebunk Savings also strives to help render their company as green as possible. They have switched out all incandescent light bulbs with high efficiency CFL and LED alternatives, along with having instituted a company-wide recycling program and initiatives to print less paper. Water conservation is top of mind; all plumbing fixtures are up-to-date and require less water and bottle-less, filtered water is offered to employees, eliminating the need for bottled water. Programmable HVAC units help assure energy isn’t needlessly wasted, especially during off peak hours. They’ve also taken great strides to assure that both the outdoor lawn treatment and indoor cleaning products are as organic as possible.

But as impressive as their improving green credentials are, Kennebunk Savings commitment to community and local commerce – tenets that have guided the company for nearly 150 years – will doubtless continue to be the cornerstone of the company for years to come.

Green Alliance members receive a $50 bonus deposit with a Kennebunk Savings' Free Checking Account with direct deposit! New Business Checking accounts receive a $50 bonus with any recurring ACH deposit!