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Home Breaking News

Norway Savings Bank donates $1,500 to Lakes Association of Norway

by DigestWire member
November 12, 2024
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NORWAY — Since 1971, Lakes Association of Norway has dedicated itself to preserving the health and beauty of Norway’s four lakes: Sand Pond, Hobbs Pond, North Pond, and Lake Pennesseewassee.

“We protect the lakes from harmful invasive plants and pollutants, monitor the overall health of each lake, and raise awareness on how to use the lakes safely and responsibly,” said Sal Girifalco, president of LAON. “Some lakes in our region have degraded significantly. It’s very easy to lose water quality and, once lost, it’s very difficult to get back.”

The critical work of LAON has inspired Norway Savings Bank to support the cause for nearly a decade, including a $1,500 donation this month.

“Norway Savings Bank has played a large part in LAON’s programs to proactively protect the lakes, which really benefit the entire area and are enjoyed by residents and tourists alike,” said Girifalco. “It’s far better to prevent problems than try to fix them.”

LAON hires inspectors to check boats that might inadvertently introduce invasive plants to the water and have had four ‘saves’ removing invasive plants from boats about to launch. The association also conducts watershed surveys which found over 250 erosion sites that carry algae feeding nutrients into the lakes and is in the process of addressing them.

“We are a volunteer organization, but certain projects require hiring expert services,” said Girifalco. “Support from community-minded businesses like Norway Savings Bank enables that to happen.”

The importance of LAON’s mission can’t be overstated. Cleaning up infested lakes or dealing with algae problems come at a massive cost and the ability to continue using them for recreation can become limited, greatly reducing property values. It’s a problem that would extend from the shore into the community, and one NSB is thrilled to proactively confront through its partnership with LAON.

“We’re proud to be there for LAON the way the organization is there for our lakes and their future,” said Dan Walsh, president and CEO of Norway Savings. “From regular laboratory analysis of the water to invasive species screenings, the association’s commitment to the future of these lakes will enable swimming, boating, fishing, snowmobiling, skating, and cross-country skiing in these areas for generations to come.”

There are many ways to support LAON, including as a volunteer, sponsor, or through other means of support. To learn more about the association, its work, and how you can help, visit www.norwaylakes.org/membership-and-support.

Founded in 1866, Norway Savings Bank is a leading mutual banking and financial services company headquartered in Norway, Maine. As of September 30, 2024, Norway Savings Bank had $1.981 billion in total assets; 24 branch locations; and divisions in trust and investment services, personal banking, and business banking. It has received an “Outstanding” rating for three consecutive Community Reinvestment Act Exams from the FDIC. Norway Savings has also received the Best Place for Working Parents designation in 2022, 2023, and 2024, and was recognized with the “Best Wellness Employer – Gold Certification” for the sixth year in a row by Wellness Workdays. BauerFinancial has designated the Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 34 continuous years. For more information, visit www.norwaysavings.bank.

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