Letter from the president
To all Martha’s Vineyard Bank shareholders,
To pull together successfully, there has to be trust.
At Martha’s Vineyard Bank, trust is the foundation of all we do. Building trust with one another, through shared values and a commitment to giving our best, every day. Nurturing trust in our community, by supporting those who are invested in the health and vitality of our neighborhoods, our schools, and our unique way of life. And inspiring trust in the future as we work towards greater transparency, inclusivity, and sustainability in all we do.
Empowered by that fundamental sense of trust and buoyed by strong growth in deposits and residential lending, 2021 proved a year of remarkable success for Martha’s Vineyard Bank and its employees, customers, and communities.
• The Martha’s Vineyard Bank Charitable Foundation awarded nearly $1 million in grants and sponsorships.
• We opened a new location on the Village Green in Falmouth, while our Lift Store continued to be a lifeline for Falmouth and Martha’s Vineyard merchants.
• We launched our Home Partnership loan program to help local employers and their employees pull together to make home ownership affordable for working residents.
• With more than $1 million in school banking deposits and $357,000 in college scholarships awarded in the last twelve years, we continued to prioritize helping local kids get off to the best possible start in life.
• And so much more, as you’ll see inside this report.
Wherever we could, we brought our resources, expertise, and energy to meet the most urgent local needs, with a focus on keeping our communities strong by working together for the common good.
As a local bank built to help our neighbors achieve their dreams, we’ve seen that incredible things are possible when we pull together. That belief has kept us strong for over 110 years and will continue to guide us into the future — on that you can trust.
Sincerely,
James M. Anthony President and CEO
PULLING TOGETHER WITH THE COMMUNITY
OVER 180 NON-PROFITS FUNDED IN 2021
Martha’s Vineyard Bank Charitable Foundation awards grants and donations to local non-profits in the surrounding area. Our Grants Committee is committed to the betterment of our community in the areas of Education, Economic Development, Health & Human Services, Culture, Art & Historic Heritage, and Community Services.
2021 GRANT RECIPIENTS (partial list)
Falmouth Housing Trust
Hospice and Palliative Care of Martha’s Vineyard
Marine Biological Laboratory
Harbor Homes of Martha’s Vineyard
Garden Gate Child Development
Island Autism Group
Island Healthcare–TestMV
MV Cancer Support Group
MV Cerebral Palsey–Camp Jabberwocky
MV Center for Living
ACE MV
MV Fishermen’s Preservation Trust
TestED
Martha’s Vineyard Community Services
MV Youth
MV Museum
Foundation for Underway Experiential Learning (FUEL)
Falmouth Service Center
Felix Neck Wildlife Sanctuary
Red Stocking Fund
Martha’s Vineyard Agricultural Society
Sail MV
Vineyard Committee on Hunger
For a complete list of recipients, visit community.mvbank.com
COMMUNITY IMPACT GRANTS
In 2021, the community voted and helped to award three $2,500 grants. One was awarded on Martha’s Vineyard and two in Falmouth, in celebration of the opening of the Falmouth Village Green location.
2021 IMPACT GRANT
Falmouth
Friends of Nobska Light
RECIPIENTS
300 Committee Land Trust
Martha’s Vineyard
Media Voices for Children
EVENTS AND SPONSORSHIPS
Each year the Bank and the Foundation support dozens of events hosted by non-profit organizations.
2021 SPONSORSHIPS (partial list)
Falmouth Chamber-Jingle Jog
Cape Cod Marathon
Falmouth Road Race
Museums on the Green Lectures
Martha’s Vineyard Wind Festival
Edgartown Pink & Green
Martha’s Vineyard Film Festival
MVCS & Island Rotary Golf Classic
Earth Day Clean Up, VCS
MV Brunch Run
Martha’s Vineyard Bank employees were on hand for the official ribbon cutting of the Martha’s Vineyard Community Services (MVCS) new Early Childhood Center, made possible by a $1 million donation from Martha’s Vineyard Bank Charitable Foundation. Pictured left to right: James M. Anthony, President & CEO of Martha’s Vineyard Bank; Michael Goldsmith, Esq; Lindsay Scott, Executive Director MV Youth; Heather Quinn, Program Director MV Community Center Early Childhood Programs; Wenonah Madison, Early Childhood Center parent; Elizabeth Folcarelli, Chief Executive Officer MV Community Services; and members of the Early Childhood Center Quahog preschool class.
Photo credit: Edie Prescott
“We’re taking care of a lot of people now. We’re doing the West Tisbury Library, the Vineyard Haven Library, Center for Living, Harbor Homes, community suppers at Grace Church and Good Shepard Parish, and snacks for Martha’s Vineyard Regional High School, things like juice boxes, Saltines, peanut butter, to supplement the kids… they’re hungry.”
JOE CAPOBIANCO, DIRECTOR, FOOD BASKETS MV
Joe Capobianco, of Food Baskets MV, at the Steamship Authority Ferry on his way to pick up 7,000 pounds of food for distribution at Good Shepherd Parish in Oak Bluffs. The refrigerated food truck was made possible by a grant from The Martha’s Vineyard Bank Charitable Foundation.
Photo credit: Edie Prescott
Commemoration of the
PULLING TOGETHER FOR OUR FUTURE
“Martha’s Vineyard Bank is owned by our community, and being communityowned, we see the formation of the Martha’s Vineyard Bank Charitable Foundation and the donations thereto as ‘dividends to our shareholders.’
When the Bank fuels the Martha’s Vineyard Bank Charitable Foundation with these ‘dividends,’ we are giving back to the community that has invested in our success for over 110 years.”
JAMES M. ANTHONY, PRESIDENT & CEO, MARTHA’S VINEYARD BANK
Photo credit: Edie Prescott
importance of our children adorns a rock outside the Martha’s Vineyard Community Services Early Childhood Development Center. The Center was made possible by a $1,000,000 donation from the Foundation.
ART OF TEACHING PROJECT GRANTS
$20,000 was awarded to 23 teachers, with grants ranging from $250 to $1,500.
2021 ART OF TEACHING AWARDS
Martha’s Vineyard
Catherine Coogan, school nurse
Christine Ferrone, English Department chair
Justen Foster, K-8th grade science teacher
Gail Gardener, K-8th grade technology teacher
Theresa Holmes, 7th-8th grade Spanish teacher
Lisa Magnarelli-Magden, 5th grade art teacher
Jeffrey Majkowski, K-8th grade technology teacher
Natalie Munn, 10th grade science teacher
Nicole Nicodemus, K-5th grade teacher
Lana Schaefer, school nurse
Lauren Serpa, 3rd grade teacher
Skye Sonneborn, 6th grade teacher
Tiffany Soquist, 9th-12th grade art teacher
Zoe Turcotte, 5th-8th grade science teacher
Sarah Vail, 8th grade technology teacher
Laura Walton, K-8th grade choral/music teacher
Rebecca Wangh, K-4th grade ELL teacher and SEI coach
Falmouth
Christy Castleberry, 2nd grade teacher
Kelley Dacey, 4th grade special education teacher
Karin Donohoe, 9th-11th grade special education teacher
Jen Heinlein, 7th-8th grade special education teacher
Abir Zaineh, 7th-8th grade special education teacher
COMMUNITY SCHOLARSHIP PROGRAM
In the past twelve years, Martha’s Vineyard Bank Charitable Foundation has awarded $357,000 in college scholarships to 57 local students. In 2021, the Foundation committed $72,000 to six students’ four-year college degrees.
2021 COMMUNITY SCHOLARS
Martha’s Vineyard High School Falmouth High School
Chloe Combra
Tatum Carreiro
Leo Neville
Nate Porterfield
Trevor Hodgson
Katrina Wilson
A Falmouth High School student enjoying class time while sitting upon one of the new adaptive chairs, made possible by a “Celebrate the Art of Teaching” project grant.
Photo credit: Karin Donohoe
A COVID-19 student surveillance test using pool-based PCR (Polyamerase Chain Reaction) saliva tests, part of the TestEd Program, funded by private donations and school funds. Martha’s Vineyard School testing program was among the first and most comprehensive primary school testing initiatives in Massachusetts.
Photo credit: Lucas Thors, MV Times
PULLING TOGETHER FOR THE ENVIRONMENT
“The grant was extremely helpful in our effort to improve the TrailsMV App. We are in the middle of an upgrade to make it a little more useful. We are very grateful to the Martha’s Vineyard Bank Charitable Foundation for its financial support and we plan to launch the updated app in 2022.”
ADAM MOORE, EXECUTIVE DIRECTOR, SHERIFF’S MEADOW FOUNDATION
EMBARKING ON A CARBON-NEUTRAL JOURNEY TO A MORE SUSTAINABLE FUTURE
As a bank with a long history of helping our neighbors achieve their goals, Martha’s Vineyard Bank takes great pride in our role helping to shape the future of our community. We believe it is in our best interests, as well as the interests of everyone we serve, to commit ourselves to leaving the world a better place than we found it.
In our carbon-neutral journey, innovation has already driven a number of sustainable banking practices, like paperless banking, our online Lift store, and state-of-the-art tools like Zelle’s digital payment app and contactless debit cards.
We are determined to move forward in ways that will increase our efficiency and effectiveness while limiting our carbon footprint and ensuring we act as careful stewards of the precious resources and special places we call home.
Each year, Martha’s Vineyard Bank sponsors the annual Beach Clean Up sponsored by the Vineyard Conservation Society.
Photo credit: Kate Feiff
PULLING TOGETHER WITH OUR EMPLOYEES
INVESTING IN THE TEAM THAT DRIVES OUR SUCCESS
To help our employees be and do their best, we give them the best training, tools, and rewards in the industry, like a wellness program that includes mindfulness, holistic health, and fitness benefits. In addition, tuition reimbursement, performance-based incentives, and our S.O.A.R. professional development program offer on-going learning and professional growth opportunities for future advancement.
GIVING OUR EMPLOYEES THE POWER TO GIVE BACK
In 2021, $38,750 was distributed to local organizations by our employees through our Employee Directed Donations program, which gives Bank employees $500 each year to direct to non-profits of their choice. Employees also received 4 hours of paid time off each year to volunteer for a local charity, non-profit organization, or community event.
ADVANCING THE VALUES OF DIVERSITY, EQUITY & INCLUSION
Neighbors helping one another succeed is the foundation of everything we do at Martha’s Vineyard Bank. Looking ahead, we are committed to creating banking experiences that welcome — and reward — everyone in our midst.
Photo credit: Edie Prescott
Photo credit: Keith Conforti
Martha’s Vineyard Bank Relationship Manager, Laura Wojtkiewicz, and a Thrive representative welcoming a prospective customer to a Bank event at the Palmer Avenue Office in Falmouth.
We are proud to be recognized by the American Bankers Association as a “Best Bank to Work For” and by our community customers as the “Best Bank on the Vineyard” for 20 years — honors due entirely to our amazing employees and their passion for serving our customers and our community.
For Martha's Vineyard Bank employees, pulling together comes naturally.
Bank employees at the Annual Martha’s Vineyard Bank Employee Clambake.
