Parole-based BankAnnapolis was recently honored for its charitable work throughout the community.
The Community Foundation of Anne Arundel County named the bank its Corporate Philanthropist of the Year in November, according to a press release.
The award is based on the company’s direct gift support, the impact of that support, success in motivating employees to make charitable contributions to local nonprofit groups, and the CEO’s philanthropic leadership and ability to encourage and motivate others to give back, according to the announcement.
BankAnnapolis contributes more than $40,000 a year to local nonprofits and community events and its employees donated more than 3,100 volunteer hours in 2010, officials said in the release.
Some of the groups the bank supports include, CASA, Hospice of the Chesapeake, Anne Arundel Community College, Wellness House, Habitat for Humanity, Children’s Museum, the Boys and Girls Club, Maryland Therapeutic Riding and the Children’s Theatre of Annapolis.
In addition, 16 employees serve on the boards of local nonprofit organizations, according to the release.
“Over the past 22 years, BankAnnapolis has worked purposefully to build a strong financial institution committed to business and responsible corporate citizenship in Anne Arundel County,” Michael McHale, president and CEO of Hospice of the Chesapeake, which nominated BankAnnapolis for the award, said in the press release.
“Good corporate citizenship is central to who we are and what we stand for, and we are pleased that our longstanding support of local charitable organizations has helped to make a difference in our community,” BankAnnapolis Chairman and CEO Richard M. Lerner said in the press release.
Last month, the Annapolis and Anne Arundel County Chamber of Commerce named BankAnnapolis as the top financial services firm in the market for 2011.
BankAnnapolis, headquartered at 1000 Bestgate Road, has seven offices in Anne Arundel and Queen Anne's counties.