We’ve been part of the Island community for more than 110 years.
For over a century, local residents have turned to Martha’s Vineyard Bank for more than just financial services — as a trusted ally, advisor, and partner in life’s most important decisions, they’ve come to rely on us for the kind of friendly, personal service you only find close to home.
Our Founders created a bank built on offering neighborly customer service, convenient locations, and competitively priced financial solutions that make life easier — a promise we have kept, generation after generation. From families to corporations, business banking to passbook savings, insurance to financial planning, we partner with our clients to make their financial lives easy.
In everything we do, our core values of respect, integrity, inclusion, and hard work continue to earn us local and national awards and — much more importantly — the loyalty of generations of families and businesses.
We have been awarded “Best Bank” for “Best of the Vineyard” for 19 years.
We’re an anchor of financial strength and stability.
Consolidated Balance Sheet (Figures
Martha’s Vineyard Bank has earned a Bauer five-star rating for financial strength and stability for 25 consecutive quarters.
2019 Trustees, Management and Corporators of Martha’s Vineyard Bank
Trustees: James M. Anthony, President and CEO, Frank Fenner, Donna Cummens, Robert Tankard, George Santos, Wayne Lamson, Reid Silva, Kenneth Galley, Ronald Rappaport, Ann Tyra, Antonio daRosa, Alison Shaw, Beth Colt, Glen Provost, Trustee Emeritus, Philip Norton, Trustee Emeritus, Laurence Mercier, Trustee Emeritus, and Robert Murphy, Trustee Emeritus.
Corporators: Kimberly Angell, Fain Hackney, Frederick Cournoyer, Jerry Wiener, John Keene, Elizabeth Larsen, John Schilling, Edward Mayhew, Kathryn Ham, Michael Donaroma, Peter Bettencourt, Peter Rosbeck, Douglas Sederholm, Stever Aubrey, Kevin Murphy, William O’Brien, James Athearn, Wiet Bacheller, Marie Allen, Thomas Bennett, Emily Bramhall, Felicia Cheney, Luke DeBettencourt, H. Thomas Fisher, Richard Giordano, Philip Hale, Mark Hutker, Leonard Jason, James Malkin, Berta Welch, Daniel Whiting, Timothy Williamson, Adam Wilson, Peter Cronig, Janet Johnson, Jill Hobby Napior, Judith Federowicz, Lesley Heidt, Christopher Morse, Bob Donahoe, Alan Gowell, Steven Ewing, Susan Chapman, Leo DeSorcy, William Anderson, and Stever Aubrey.
Senior Management Team: Christine Conrad, John Coskie, Susan Dostal, Charles Kroll, Anthony Leone, Philip Mercier, Edward (Luke) Murphy, and Jeanne Ogden.
Names of board members
The world has drastically changed as a result of the COVID-19 pandemic, and Martha’s Vineyard Bank has kept fluidity and flexibility at all levels of our organization. Our customers inspire us and it is our high level of customer involvement that makes our visions and ideas stand out from the competition. We have the framework and the passion to lead the banking industry with confidence as we walk together into the future.
— James M. Anthony, President and CEO
Our home may be an island, but our expertise is boundless.
As our seafaring ancestors knew, most successful ventures begin with teamwork. At Martha’s Vineyard Investment Advisors, our approach is the same. First is the relationship we build with you: understanding where you are and where you want to go, how fast you want to get there, and how much risk you want to take along the way. From there, our team of experienced planners and advisors pool their expertise to build a plan crafted to help you keep moving toward your financial goals — and keep you on course, whatever the times and tides may bring.
Our utmost priority is to serve you — to listen to you, and to partner with you to achieve your financial goals.
— Luke Murphy, Managing Director Investment Services
Whether you’re just starting out, adjusting to big changes like retirement, or looking to pass on a legacy, our team will be your guide. Our goal is to be alongside throughout your journey, simplifying the complexities of markets, investing, and managing wealth, and giving you the tools to create a better life for yourself and your family, now and for generations to come.
Customer service drives our state-of-the-art technology.
At Martha’s Vineyard Bank, we believe in the power of technology to create a quality personal experience. We invest in technology that supports relationships and enhances every transaction, whether it’s giving you greater speed, ease, or security in your financial life. For us, the goal is always to give you that “local bank feeling,” wherever you are.
Our core values guide the way we do business every day at Martha’s Vineyard Bank. We define our business as ‘making our customers’ financial lives easier’ — and we continually grow and adapt to meet their needs in the changing world around us.
— Jeanne Ogden, Vice President of Retail Banking and Residential Lending Phil Mercier, Vice President of Commercial Lending
Kai-Dee Beach, one of our team members waves, “Hello”!
Investing in tools that empower success.
The ability to embrace technology and to strengthen connections is the key to success in today’s world. At Martha’s Vineyard Bank, we never stop looking for new and better ways to expand our capacity to improve your experience.
Over the past year, we implemented a number of initiatives designed to help our team build stronger relationships with our customers through superior, personal service and convenience. We integrated state-of-the-art data and communications systems to allow us to work better and respond more quickly to customers’ needs.
We improved our online banking system to make it easier to open accounts, make transactions, and sign documents. And we added popular banking apps like Apple Pay, Google Pay, Samsung Pay, and Zelle®, to make managing your money easier and more user-friendly.
As a Bank built to make our customers’ financial lives easier, these are the kinds of investments that are invaluable in the best of times — and life-saving during a crisis like the pandemic. With our improved online application process, supported by our dedicated and focused team, we were able to process millions of dollars in Small Business Administration Paycheck Protection Program (SBA PPP) loans to over 700 local businesses in just a matter of weeks — proof that with a dedicated team, the right tools and solid, local support, even the worst of times can be made better.
DIGITAL ADOPTION STATISTICS
Banking local makes a difference.
Of all the reasons to bank locally, one of the best is that your money is directly invested back into your own community. We believe in the importance of giving back and sharing our resources locally in a variety of ways that make life better for everyone: volunteering, scholarships and sponsorships, community investments, and Martha’s Vineyard Bank Charitable Foundation grants (which support a wide range of non-profits that directly impact the quality of life in our communities).
From healthcare, education, and the arts to social programs serving seniors, low income families, and our most vulnerable neighbors, Martha’s Vineyard Bank and Martha’s Vineyard Bank Charitable Foundation are proud to contribute hundreds of hours of volunteer service and hundreds of thousands of dollars each year to the causes that matter most, right here at home.
Above: James M. Anthony, President and CEO of Martha’s Vineyard Bank, announces a $1 million pledge to Martha’s Vineyard Community Services Capital Campaign for a new Early Childhood Development Center.
Left and Below: Martha’s Vineyard Bank employees happily wrapped gifts during the Bank’s annual “Red Stocking Wrap Party.”
The power of local.
A crisis like the COVID-19 pandemic reveals the real power of local banking. Thanks to the strength of our organization and the passion of our employees, Martha’s Vineyard Bank and Martha’s Vineyard Bank Charitable Foundation marshaled record-breaking resources to help struggling neighbors.
TOTAL APPROVED GRANTS:
$1,236,094.28 COVID-19 RELATED GRANTS: $633,213.24
DONATIONS APPROVED
DONATIONS DISTRIBUTED
Martha’s Vineyard Bank Charitable Foundation
Martha’s Vineyard Bank
Donor Advised Funds
Martha’s Vineyard Bank Charitable Foundation
Martha’s Vineyard Bank
Donor Advised Funds
Vineyard
Other
COVID-19 Distributed
COVID-19 Associated Expense
COVID-19 To Be Distributed
Falmouth
Martha’s
Invested in making an impact.
We have always believed that investing in the strength and vibrancy of the communities we serve yields the greatest return. Placing your trust with Martha’s Vineyard Bank makes possible Martha’s Vineyard Bank Charitable Foundation’s direct support to your community. In 2020, the Foundation donated over $1.2 million to local non-profits on Martha’s Vineyard and in Falmouth.
In addition to the over $1.2 million in contributions, an additional $1 million was given to Martha’s Vineyard Community Services in 2019 for a new childcare campus that is under construction.
Martha’s Vineyard Bank Charitable Foundation is deeply committed to sustaining prosperous, vital and livable communities through ongoing charitable grants, sponsorships and scholarships on Martha’s Vineyard and in Falmouth.
Community Impact Grants are awarded annually to those non-profits that had a significant contribution the previous year towards the betterment of their local communities. The non-profit nominees are nominated by and voted on by community members. Top: Martha’s Vineyard Bank Charitable Foundation funded the purchase of a 26-foot refrigerated truck for The Vineyard Committee on Hunger to provide transport of food to Martha’s Vineyard organizations addressing hunger.
helped with the MMSF food distribution effort
the Bank’s new Falmouth location during the holidays.
Right: Luke Murphy, Managing Director of Martha’s Vineyard Investment Advisors, and his daughter, Lincoln,
at
IMPACT: Covid-tested nearly 5,600 Falmouth residents and visitors.
The contribution from Martha’s Vineyard Bank Charitable Foundation to Community Health Center of Cape Cod was given to help increase its COVID-19 testing efforts in Falmouth.
IMPACT: Approximately 3,000 Falmouth public school students served and 300 staff supported.
The Falmouth Outdoor Learning Committee was formed in an effort to ease stress on teachers and students by creating outdoor learning spaces to keep them engaged, safe, and enriched with learning opportunities during the pandemic. It is affiliated with the Rotary Club of Falmouth. Outdoor time decreases risks to teachers, students, and staff among the seven Falmouth public schools. The large tents used are expected to last 20+ years, withstand 120-mph winds, and handle a 30-pound-per-square-foot snow load.
IMPACT: Completed extensive repairs to the schooner Shenandoah to prepare it for its first youth passengers in May 2021.
The Foundation for Underway Experiential Learning (FUEL) teaches sailing and life lessons on seafaring voyages as participants cultivate skills to navigate life.
Friends of Council on Aging
IMPACT: Support for 840 single-serve meals in Edgartown and supplied PPE for over 100 seniors in Oak Bluffs.
Financial support to Friends of Council on Aging: Up-Island, Oak Bluffs, Edgartown, and Tisbury. Supplied ingredients and packaging for approximately 840 single-serve meals in Edgartown and supplied over 100 seniors with PPE in Oak Bluffs (including masks, hand sanitizer, and gloves).
Photo Credit: Gordon Leggett / Wikimedia Commons
IMPACT: More than 9,500 students, teachers and administrators tested on the Island.
2020 SCHOLARSHIPS
In 2020, the Bank and Foundation awarded 6 scholarships totaling $72,000 over the next four years. Recipients were:
Julia Dostal, Martha’s Vineyard Regional High School (MVRHS)
Emily Gazzangia, MVRHS
Kya Maloney, MVRHS
Juan Sanchez Roa, MVRHS
Ava Warner, Falmouth High School
John (Jack) Underhill, Falmouth High School
Each student will receive $3,000 a year for up to 4 years of college.
IMPACT: Served over 1,000 families in Falmouth and on the Island in December 2020.
With support from Martha’s Vineyard Bank Charitable Foundation, the Massachusetts Military Support Foundation (MMSF) provided USDA Farmers to Families Food Boxes to families in need during the holidays. MMSF worked with the Falmouth Service Center, Vineyard Committee on Hunger, Food Baskets MV, and senior centers to organize this food distribution event to some of the most vulnerable families in our community.
The Martha’s Vineyard School Testing Program, TestEd, is the collaboration of Martha’s Vineyard Bank Charitable Foundation and MV Youth with Martha’s Vineyard Public Schools to help keep our Island children, teachers, and administrators safer at school. TestEd is one of the first and most comprehensive COVID-19 primary/secondary school testing programs in the State with the goal of taking proactive measures to identify and respond to COVID-19 in the school community.
IMPACT: Over 28,000 people tested in 2020.
We are proud to be a TestMV community partner with Island Health Care, Quest Diagnostics, and the Island’s Boards of Health for development of the only on-Island drive-thru diagnostic COVID-19 testing center to help keep our Island community safe.
Upper Left: Vice President and Commercial Lender Bill Howell, Community Relations Director Patti J. Leighton, President and CEO James M. Anthony, and Vice President of Retail Banking & Residential Lending Jeanne Ogden happily volunteered their time at the Ag Hall for the holiday food distribution effort on Martha’s Vineyard. Lower Left: Deborah Williams, Branch Manager of Martha’s Vineyard Bank’s Oak Bluffs locations, with a Red Stocking Fund holiday toy collection box set up at the branch.
Above: “The Martha’s Vineyard Film Society” was the 2020 Community Impact Grant recipient on Martha’s Vineyard. The 2020 Community Impact Grant recipient in Falmouth was “Friends of Nobska Light.”
Top: The Martha’s Vineyard Bank Charitable Foundation is a proud sponsor of Storytime Crafts, which promotes “literacy and kindness, one book at a time.” Patti J. Leighton, Martha’s Vineyard Bank’s Community Relations Director, accepted delivery of three “Literacy Chairs” from Lisa Vergara, of Storytime Crafts. These chairs are destined for three Island libraries.
Above: Patti J. Leighton stands with four college scholarship winners from Martha’s Vineyard Regional High School. There were also two scholarship recipients from Falmouth, who received their recognition on a different day.
MV Future Financing:
Hanover House in Tisbury — Social Impact Investing Here at Home
Martha’s Vineyard (MV) Future Financing is an innovative lending program that enables individuals to invest in the future of affordable housing on the Island. MV Future Financing is a “participation loan,” where donors may contribute to a particular project and invest in permanently affordable workforce housing.
The Island Housing Trust’s Hanover House project, a former inn redeveloped into affordable housing for hospital employees, was funded using MV Future Financing.
Hanover House, a collaborative effort using MV Future Financing with Island Housing Trust and Martha’s Vineyard Bank to address Martha's Vineyard Hospital's difficulty with getting and retaining qualified staff by building employee housing.
Other organizations receiving funds:
Belonging to Each Other (Homelessness)
Falmouth Service Center
Healthy Aging Martha’s Vineyard
Harbor Homes
Island Autism Group
Island Food Pantry
Island Grown Initiative
MV Childcare Relief Fund
Red Stocking Fund
The Salvation Army
The Vineyard Committee on Hunger
Vineyard Montessori School
Expansion Project
2020 EDUCATION MINI GRANTS
EDGARTOWN SCHOOL
Nancy Cole, K-8 Library Summer DeSouza, 3rd
Grade-Maker Space Startup Kara Leandro, 3rd 4th 5th
Grades: Social Skills Curriculum
Nicole Miranda, K-8 Newcomer English Learner
Katy Phelps, Special Education: Social Skills/Reading Instruction
Elaine Barnett, Grade 2: Home Supplies for Students
Erin Brown, Grade 2: Backpacks
Kristine Cammorata, 5th Grade: Growth and Development
Stephanie Dreyer, Social and Emotional Health
Kristina Fletcher, Grade 2: Home Supplies for Students
Amy Hoff, Grade 1: Phonics
Kaitlyn Kurth, K: Fountas & Pinnell Reading Set
Lisa Magnarelli, Painting the Basket Pottery Wheel ($1,267)
Michelle Mayhew, Grade 2: Home Supplies for Students
Teri Mello, K: Fountas & Pinnell Classroom Collect
Stacy Simmons, K-8 Fountas & Pinnell
Tessa Wall, Grade 1: Phonics Materials
Amy Westburg, ELA: Small Book Novels
“It is essentially our core customers saying they are going to invest in our future.”
Lift Certificates generated over $540,000 for local businesses in 2020, providing immediate income for Falmouth and Martha’s Vineyard merchants during the pandemic. Launched in April 2020, “Lift” is an online store powered by Martha’s Vineyard Bank that offers discounted gift certificates from local merchants.
“It reminds people to shop small, not just on Amazon, and to take care of each other so that we can be a sustainable community.”
