KEY RATIOS
Sustainability & Our B Corp Commitment
Martha’s Vineyard Bank was the first bank in Massachusetts to achieve B Corporation certification and has maintained this distinction for two consecutive years. Our B Lab Impact Assessment Score of 103.7 reflects our commitment to balancing profit with purpose through meaningful social and environmental standards.
In 2024, we published our inaugural Sustainability Report, sharing our journey toward positive change. Our approach embraces both environmental stewardship and social responsibility, with goals across three key areas: locally integrated operations, community investment through our Charitable Foundation, and social impact initiatives.
The Bank uses four types of energy sources: electricity, natural gas, propane, and No. 2 fuel oil. We now source 100% of our electricity from renewable sources as we work toward becoming a fossil-fuel free, zero net carbon emissions institution. While the path ahead involves continued effort, we remain dedicated to improvement as we balance community banking excellence with responsible corporate citizenship.
Generational Stewardship: The Reimann Legacy
For landscape architect Kristen Reimann and her family, banking with Martha’s Vineyard Bank isn’t just about financial transactions. It’s about fostering meaningful connections across generations.
Kristen and her husband chose Martha’s Vineyard Bank in 1995 because they valued a community-focused approach. “I like going into my local branch, where I know Debbie [Williams] and she knows me,” she shares. Kristen’s positive experience with community banking led her to open accounts for her daughters during elementary school. Now as they enter adulthood, she encourages them to maintain their relationship with Martha’s Vineyard Bank.
She draws a clear distinction with the customer service at large corporate institutions. “They don’t know you and may not have your best interest in mind,” she points out.
The Reimann family’s choice to bank locally with Martha’s Vineyard Bank, maintained for three decades and now passed to the next generation, highlights the enduring importance of face-to-face interactions and personal connections—cornerstones of the Bank’s community-centered values.
Career Stewardship: Yvette Turner’s 40-Year Journey
When Yvette Turner first joined Martha’s Vineyard Bank, she found what would become a lifelong professional home. Last year, she celebrated 40 remarkable years of employment. “It felt like family, every day that you came to work,” she reflects. Yvette explored several positions before finding her ideal role as a Retail Banker, illustrating the Bank’s commitment to nurturing career growth. “I love interacting with our customers and being able to help,” she says.
Yvette defines stewardship as “thinking of others, not just yourself, and showing up.” This philosophy was instilled by past colleagues Ed Mayhew and Katherine Bettencourt, as well as former Trustee Robert Tankard, who influenced her during high school. “I worked under Ed and Kay for about 20 years. They were a big part of my life,” she shares.
Through technological advances and service expansions, Yvette values the enduring sense of belonging. “I’m proud to be part of an organization that cares about this place and the people here.” Her dedication embodies what makes Martha’s Vineyard Bank special: the people who enrich our culture and define community banking.
Stewardship in Action: Martha's Vineyard Bank Charitable Foundation
Our Mission
Inspired by the fabric of our communities, the Martha’s Vineyard Bank Charitable Foundation supports Martha’s Vineyard and Falmouth nonprofits that enhance the lives of those we serve.
In 2024, the Charitable Foundation contributed over $1.9 million to organizations throughout Martha’s Vineyard and Falmouth communities, including $129,000 in employee-directed donations that empowered our team to support meaningful local initiatives. As detailed in the accompanying infographic, these investments reflect our ongoing commitment to creating lasting prosperity in the places we call home—turning financial support into tangible opportunities for our neighbors and strengthening the vital connections that help our communities thrive. $20,000 $72,000 $1,500 $20,000
Book Awards
Provided to high school juniors who made a difference in our communities
College Scholarships
Awarded to six Class of ‘24 high school seniors pursuing four-year college degrees
Martha’s Vineyard Recipients
Bryce Cioffi UMass Amherst
Clara Mikos Vassar College
Katherine Ogden College of Charleston
Charles Porterfield UMass Amherst
Falmouth Recipients
Sadie Inman University of Vermont
Ethan Oberton Bentley University
Sponsorships
Benefitting 58 local nonprofits
Employee Directed Donations
Funds reached 76 nonprofit organizations with 100% participation from 117 employees and 12 Trustees
$1,928,818
2024 TOTAL GIVING
$128,750
$1,545,068
$129,000 $12,500
Monthly & Quarterly Grants
Awarded to 146 local nonprofits
Philip J. Norton, Jr. Scholarship
Supporting Taynara Goncalves’ Nurse Practitioner studies at UMass Chan Medical School
Community Choice Grants
$5,000 each to four community-selected nonprofits annually: two in Martha’s Vineyard, two in Falmouth
2024 Recipients
Art of Teaching Grants
$260 to $1,500 awarded to 26 local public-school teachers for classroom enrichment projects
“100% of our non-retained earnings goes into the foundation and flows out to 501(c)3s dedicated to this community.”
- James Anthony President & CE0
“There’s no price on getting someone back in business.”
- Edie Prescott
“Tell me what you want to do and I’ll tell you how we can help you accomplish that.”
- Phil Mercier
CORPORATORS & TRUSTEES
William Anderson • Kimberly Angell • James Anthony* • Robert Antonucci • James Athearn • Stever Aubrey* • Thomas Bennet • Todd Bidwell • Emily Bramhall • Susan Chapman • Beth Colt* • Peter Cronig • Donna Cummens* • Antonio daRosa • Jennifer DaSilva • George Davis* • Luke DeBettencourt • Paulo DeOliveira • Leo DeSorcy • Robert Donahoe • Michael Donaroma • Jennifer Edwards • Steven Ewing • Frank Fenner • Keith Fenner • Caroline Flanders • Kenneth Galley • Richard Giordano • Alan Gowell • Clark Guinn • Fain Hackney • James Hagerty* • Philip Hale • Kathryn Ham • Lesley Heidt • Mark Hutker • Mark Jenkins • John Keene • Kevin Klauer • Wayne Lamson* • Elizabeth Larsen • Isabelle Lew • James Malkin • Greg Mason • Robert McCarron • Robert Mone • Adam Moore • Robert Moriarty • Christopher Morse • Kevin Murphy • Jill Napior • William O’Brien • Peter Rosbeck • Brett Sanidas • George Santos* • John Schilling • Jane Seagrave • Douglas Sederholm • Alison Shaw* • Reid Silva* • Ann Smith • Chuck Sullivan • Robert Tankard • Jennifer Smith Turner* • Ann Tyra • Julianne Vanderhoop • Berta Welch • Timothy Williamson *Denotes Trustee
