Let’s Get Ready, which helps high school students through the college application process and supports them after graduation, will recognize Eastern Bank Chairman and CEO Richard E. Holbrook at its annual Fall Benefit. His efforts promoting education in smaller towns and cities will be featured at the Let’s Get Ready Fall Benefit on Oct 8, 2014 at the Boston Harbor Hotel.
“Rich has a deep understanding of the challenges facing families today — not just the cost of tuition but the need for student internships, concerns of traveling to college out of state and charting your own career path,” said Nakia Navarro, New England regional director for Let’s Get Ready. “This is a chance to say thank you and spotlight his accomplishments and Eastern Bank’s work in education.”
In 2013, the Eastern Bank Charitable Foundation awarded more than $5 million in grants. It also has contributed to the growth of Let’s Get Ready, a non-profit group that has has expanded service to new high schools in Vermont and New Hampshire. LGR has grown its mission over more than a decade to include helping students transition to college and completion of their degree.
Most LGR students are first-in-their family to attend college and come from lower-income or first-generation immigrant families.
“It’s an honor to be recognized by Let’s Get Ready, a leader in student education and college preparatory services,” said Holbrook. “Eastern Bank is committed to supporting education and organizations such as Let’s Get Ready, which provides a valuable resource to young students living in the communities we serve.”
In 2014, the Eastern Bank Charitable Foundation will donate more than $1 million to organizations that strive to improve the quality of education for children in kindergarten through Grade 12.
About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest and oldest mutual bank in the U.S., with $8.7 billion in assets and more than 90 branches serving communities from the Merrimack Valley to Cape Cod. Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers’ needs so it can deliver these services in a committed and personal way. Eastern Bank, which includes Eastern Bank Wealth Management and Eastern Insurance, is a recognized leader in corporate social responsibility and for its advocacy on behalf of a number of social justice causes. For more information, visit www.easternbank.com
About Let’s Get Ready
Since its start over a decade ago, more than 19,000 high school students from Maine to Philadelphia have gotten Let’s Get Ready’s unique tutoring to help with SAT preparation, financial aid applications and advice for college acceptance and success. Over 7,000 college students have volunteered as coaches to provide a “near-peer” model that is cost-effective, rewarding for both sides and forms lasting relationships. More than 90 percent of Let’s Get Ready applicants enroll in college — compared to only 47 percent of low-income students overall.