, Newburyport, MA

Local News

February 5, 2014

Eastern Bank donates to library building fund

SALISBURY — Eastern Bank Charitable Foundation has donated $10,000 to the building fund for Salisbury’s new public library, bringing the total of contributions pledged so far to more than $760,000.

“Salisbury Public Library is happy to have Eastern Bank become part of this wonderful and exciting project,” library director Terry Kyrios said in her announcement.

Last May, voters overwhelmingly approved at the polls and Town Meeting floating a bond to cover the funds needed to build the estimated $7.5 million new library. But with a $3.8 million state grant and private donations, it appears the town will have to borrow much less than expected to finalize the financing of the 17,000-square-foot new version of its current 3,000-square-foot library.

The Salisbury Library Board of Trustees pledged an aggressive fundraising campaign to reduce the amount of money the town needs to borrow — and taxpayers repay — to build its new library. Hoping to raise $400,000, it appears they’re making good on that promise and then some.

Two major donations have filled the construction fund coffers. Last July, the Institution for Savings announced a $500,000 gift to the cause, with the Arakelian Foundation adding $200,000 to the total in October. In addition to Eastern Bank’s most recent contribution, Century Bank contributed $2,500 and the Friends of the Salisbury Library also gave a $10,000 donation to get things started in early 2012.

Text Only | Photo Reprints

Port Pics
AP Video
Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong Obama Voices Concern About Casualties in Mideast Diplomacy Intensifies Amid Mounting Gaza Toll AP Exclusive: American Beaten in Israel Speaks Obama Protects Gay, Transgender Workers Raw: Gaza Rescuers Search Rubble for Survivors Raw: International Team Inspects MH17 Bodies Raw: 25 Family Members Killed in Gaza Airstrike US Teen Beaten in Mideast Talks About Ordeal 'Weird Al' Is Wowed by Album's Success
Special Features