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  • CC5 Announces No Interest Loan Program & $30,000 Donation to Support Those Affected by Gov. Shutdown

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    January 16, 2019
    PRESS RELEASE

    for The Cape Cod Five Cents Savings Bank
    FOR IMMEDIATE RELEASE: January 16, 2019
    Contact: Stephanie Dennehy for further information at 508-247-1605 or
    sdennehy@capecodfive.com

    Cape Cod 5 Announces No Interest Loan Program and $30,000 Donation to Support Those Affected by Government Shutdown


    Orleans, MA – Cape Cod 5 recently announced its support of those affected by the United States
    government shutdown – which is in its 26 th day – through a 0.00% APR 1 , one-year Cape Cod 5
    Government Employee Assistance Loan Program and a $30,000 donation to the Cape Cod
    Military Support Foundation (CCMSF).
    “Cape Cod 5 is committed to doing whatever we can to support those who are out of work and
    struggling to make ends meet during the government shutdown,” said Dorothy A. Savarese,
    President and CEO of Cape Cod 5. “These circumstances remind us of the importance of coming
    together as a community to provide assistance to local individuals and families in need.”
    The 0.00% interest loan program will help provide financial assistance to Cape Cod 5 customers
    who are employed by the federal government and have been directly impacted by the shutdown.
    Customers may learn more about this loan at any Cape Cod 5 Banking Center location.
    Cape Cod 5’s support of the Cape Cod Military Support Foundation – which provides aid and
    assistance to military personnel and their families during times of critical need – will continue
    over the next three years. Half of the Bank’s $30,000 donation will immediately help fund the
    transportation and distribution of food and supplies to local military families and individuals
    affected by the government shutdown. The remaining $15,000 will be granted over the next two
    years in support of the Foundation’s ongoing programs.
    In addition, Cape Cod 5 will be collecting donations of food, toiletries and baby care items for
    those in need during this time. Donations of these items may be dropped off at any Cape Cod 5
    Banking Center starting on Wednesday, January 16, 2019. Monetary donations may be made to
    CCMSF on the organization’s website: https://capecodmilitaryfoundation.org/donate-now/.
    1 0.00% Annual Percentage Rate (APR) for the term of the loan. Single payment loan with a term of 12 months.
    Minimum loan amount of $500. Maximum loan amount of $2,500. One payment of entire loan amount due at
    maturity.

    About Cape Cod 5
    Founded in 1855, Cape Cod 5 is an independent state-chartered savings bank with over $3.4 billion in
    assets. Through its 25 offices, Cape Cod 5 offers a broad range of financial products and services to customers living
    and working on Cape Cod, Martha’s Vineyard, Nantucket and in Southeastern Massachusetts communities. Services
    include consumer and commercial banking products; residential mortgages; investment management and trust
    services. Member FDIC. Equal Housing Lender. NMLS #401717.
    Contact:
    Duncan Macallister, Vice President
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