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Cape Ann Savings Bank Announces Officer Promotions

Celebrating 175 years and growing, Cape Ann Savings Bank announced a slate of promotions for the following officers:

Leo E. Bergeron, Senior Vice President, Commercial Lending

John T. Brennan, Senior Vice President, Trust & Financial Services

Victor Conigliaro, Senior Vice President, Information Technology

Marie F. Curley, Senior Vice President, Operations

J. Mark Olsen, Senior Vice President, Residential Lending

Amy L. Randazza, Senior Vice President, Compliance/BSA

Andrew G. Marques, Vice President, Commercial Lending

Dean H. Murray, Vice President, Trust & Financial Services

Dennis J. Acker, Assistant Vice President, Retail Banking

Lynne M. Curcuru, Assistant Vice President, Operations

Franco Maniaci, Assistant Vice President, Trust Investment Officer

Krystal Williams, Branch Manager

Isabella A. Randazzo, Assistant Branch Manager

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To the Editor,

As two members of the Board of Trustees of the Manchester Essex Education Fund (MEEF) and as long-time teachers at the high school, we were delighted with the comprehensive and thorough job Erika Brown did in writing “A Local Legacy of Addressing College Affordability” in the December 10 issue of The Cricket.  Especially important was the recognition that the MEEF serves as an umbrella for many different named and special interest scholarships.  This is a powerful, fundamental part of the fund because it gives anyone—big or small—a non-profit engine to start a legacy scholarship that can be responsibly and locally administered.  This is no small thing.  Indeed, the thought of starting a scholarship in the name of someone or to expand the impact of a community organization is intimidating, and often these great ideas just don’t get off the ground.

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It’s been almost 50 years since a group of Manchester parents and teachers got together to address a new challenge that was beginning to assert itself.  Back then, in 1974, tuition at a four-year public college cost $510 per year.  For a private college, the average yearly cost was higher: $2,130.  It wasn’t called an “affordability gap.”  But that’s what it was, and that group of parents and teachers created a small scholarship fund to help address it. 

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This year, the weather was a picture-perfect summer day, and thousands of people flocked to downtown Manchester for the annual Festival by the Sea last weekend. Created by the Manchester division of the Cape Ann Chamber of Commerce, the event brought together local artists, music and food all coming together downtown to benefit local retailers.  The popular annual event featured more than 100 outdoor vendors ranging from artists and artisans to jewelers and crafters and food vendors

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It was the year of the first recognized baseball game in America.  It was the year Congress established the Smithsonian Institution.  It was the year a dentist first used ether to extract a tooth.  And on April 15—in 1845—it was also the day the Cape Ann Savings Bank was founded, at 51 Main Street in Gloucester with 40 depositors and $1,355 in deposits.