Vermont Business Magazine Northfield Savings Bank President and CEO Thomas Leavitt along with other bank officials presented Norwich University President Richard W. Schneider with a $150,000 gift to the “Forging the Future” bicentennial campaign in celebration of a longtime relationship between the two institutions during the hockey game held in Kreitzberg Arena on Friday, Oct. 27.
Northfield Savings Bank and Norwich University have enjoyed a 150-year relationship, beginning with the bank’s founding by Norwich president Reverend Edward Bourns in 1867. This gift brings the total investment by the Northfield Savings Bank in the Forging the Future campaign to $300,000.
“As leading businesses in central Vermont, Norwich and Northfield Savings Bank have a shared responsibility for the towns and Vermont citizens. When our respective businesses thrive, so does the community,” Schneider said. “Norwich University and the Northfield Savings Bank will continue this longstanding legacy of investing in our community in ways that matter—including major work on campus made possible by the Forging the Future Campaign, to which Northfield Savings Bank has been a major corporate contributor.”
Norwich University will celebrate its bicentennial in 2019. In fulfillment of Norwich’s mission to train and educate today’s students to be tomorrow’s global leaders and captains of industry, Norwich launched the Forging the Future campaign in 2014. The five-year campaign, which is timed to culminate in 2019, is committed to creating the best possible learning environment through state-of-the-art academics and world-class facilities and is designed to enhance the university’s strong position as it steps into its third century of service to the nation.
“For 150 years, more than three-fourths of our nearly 200-year existence, we have been privileged to serve and be served by the town of Northfield and the Northfield Savings Bank, forming a mutually beneficial bond of commitment and shared values,” Schneider said.
Leavitt added, “We would not be the institution we are today without Norwich University. The leadership example that Norwich sets for the community, the country, and the world has been embedded in the bedrock principles of Northfield Savings Bank. We are grateful for our shared past, and brimming with spirt as we embrace today’s moment and look to the horizon of a bright mutual future.”
Northfield Savings Bank was founded in Northfield, VT in 1867. Over the 150 years, assets have grown to over $900 million and NSB is the largest independent bank headquartered in Vermont. NSB is a full service bank offering a full range of community banking, commercial banking, mortgage banking, and investment services to more than 28,000 consumer and commercial customers. Also known for its role as a corporate citizen, NSB proudly donates 10% of profits to Vermont community organizations. Donations exceeded $500,000 in 2016 to more than 220 community organizations. Northfield Savings Bank operates 13 branches throughout central Vermont and Chittenden County stretching from Bethel to Greater Burlington. Member FDIC. Equal Housing Lender.
Norwich University is a diversified academic institution that educates traditional-age students and adults in a Corps of Cadets and as civilians. Norwich offers a broad selection of traditional and distance-learning programs culminating in Baccalaureate and Graduate Degrees. Norwich University was founded in 1819 by Captain Alden Partridge of the U.S. Army and is the oldest private military college in the United States of America. Norwich is one of our nation's six senior military colleges and the birthplace of the Reserve Officers’ Training Corps (ROTC). www.norwich.edu
Source: Norwich University. 11.1.2017