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Chelsea State Bank Supports Dexter Community Fund with $10,000 donation

Photo Cutline from Left: Steve Brouwer, Dexter Community Fund (DCF) Advisory Committee member,  Julie Schumaker, DCF co-chair and John Mann, Chelsea State Bank President and CEO.
Courtesy photo. Steve Brouwer, Dexter Community Fund (DCF) Advisory Committee member, Julie Schumaker, DCF co-chair and John Mann, Chelsea State Bank President and CEO.

(Chelsea Update would like to thank Sally Peters for the information and photo in this story.)

The Board of Directors of Chelsea State Bank recently approved a $10,000 donation to the Dexter Community Fund.

The Dexter Community Fund (DCF) is a source of community capital that will be available to support and invest in a wide range of initiatives, projects, and organizations that enrich the quality of life in the Dexter community.

As the Dexter Community Fund grows, it will support projects and non-profit organizations across a number of areas: arts and culture, education, the environment, youth, senior services, health and wellness, human services and community improvement.

“As the local community bank, we believe strong families, schools, and businesses help build strong communities,” said President and CEO of Chelsea State Bank John Mann. “We are pleased to partner with the Dexter Community Fund whose primary mission is to help enrich the quality of life for all in the Dexter community. Supporting our communities is the essence of community banking.”

The Dexter Community Fund is an affiliate of the Ann Arbor Area Community Foundation (AAACF). The AAACF was founded over 50 years ago on the idea that, by building a permanent endowment for the local community, more could be accomplished together than individuals could accomplish on their own. Today, AAACF manages over $75 million in assets and has improved thousands of lives through $35 million in grants and scholarships.

“We are very grateful to Chelsea State Bank for their generosity and leadership as our first corporate donor,” said Dexter Community Fund co-chair Julie Schumaker. “My co-chair Ann Davis and I agree that this is a true testament of the bank’s commitment to the Dexter community. Supporting this new endowment fund shows Chelsea State Bank’s strong commitment to the residents and community of Dexter.”

 

The Dexter Community Fund is a permanent charitable endowment fund created to benefit the residents and community of Dexter. Its mission is dedicated to building a permanent fund to enrich the quality of life within the Dexter community and can be summed up by its motto, For Good. For Ever. For Dexter. The Dexter Community Fund will build community capital through contributions from a wide variety of donors – local residents, those with roots or ties to the community, businesses, and anyone who would like to give back to the Dexter community – to meet the needs of the community today and in the future.

Chelsea State Bank opened their Dexter Banking Center in 2000 and has a rich history of serving the Chelsea and Dexter communities for over 117 years. “Because we are the community bank, we use our local deposits to make personal and business loans in our communities,” said Mann. “We can do most everything the big banks and credit unions do, but we believe in knowing our customers, knowing our markets, and giving back to our community.”

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