Thursday, April 10, 2008

Commerce Bank Celebrates National Library Week With a $200,000 Donation to Area Libraries

CHERRY HILL, N.J. — Commerce Bank is celebrating National Library Week, April 13-19, with a $200,000 donation to libraries in low- to moderate-income areas throughout Commerce's footprint.

During the week of April 14, local Commerce executives will surprise 50 area public libraries with a $4,000 grant each for books, technology resources or existing library programs. About 86 percent of the donations will support libraries in low-to moderate-income areas across eight states — Maryland, New York, New Jersey, Pennsylvania, Connecticut, Delaware, Virginia, Florida and Washington DC.

"Libraries are a pivotal part of our communities," said Fred Graziano, regional bank president, Commerce Bank. "They are a haven for creativity and education, and a great resource for people of all ages. We are thrilled to support these organizations, that like Commerce, wow people in their own way every day."

The bank's celebration of National Library Week will serve as the official kick off to Commerce Bank's Summer Reading Program, which encourages young people to read and additionally provides a goal for them to learn the importance of saving and money. Commerce contributes $10 into a new or existing young saver’s account for each child who reads 10 books throughout the summer.

According to educators, summer reading is critical in continuing good academic performance and advancing literacy skills. Studies show that children who read several books during the summer maintain or surpass the reading skills they achieved during the previous school year.

Commerce Bank is a leading retailer of financial services with 470+ convenient stores in New Jersey, New York, Connecticut, Pennsylvania, Delaware, Washington, D.C., Virginia, Maryland and Florida. Commerce is headquartered in Cherry Hill, N.J.

The donation in recognition of National Library Week is an excellent segue into Commerce Bank's Summer Reading Program. That program encourages and rewards children for reading during the summer months when school is not in session. It's a nice way to support education and children in the communities the bank serves.

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