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Article: Cape Cod, Mass., Savings Bank Shares $5 Million Stock Windfall with Charity.
- Article from:
- Cape Cod Times (Hyannis, MA)
- Article date:
- January 29, 2004
CopyrightCOPYRIGHT 2004 Cape Cod Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ethan Zindler
Jan. 29--The recent flurry of local bank sales has produced at least one surprising beneficiary: the Cape Cod Five Charitable Foundation.
Orleans-based Cape Cod Five Cents Savings Bank announced yesterday that it has donated $5 million in stock profits to its foundation, which supports nonprofits across the Cape.
The donation is a result of a windfall Cape Cod Five has enjoyed thanks to holdings in CCBT Financial Companies and Falmouth Bancorp. Both banks recently unveiled plans to be acquired.
Before the sale announcements, Cape Cod Five owned a combined 317,000 shares in the two banks. After the announcements ...
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Article: South Yarmouth, Mass.-Based CCBT Financial Reports Flat ...
Knight Ridder/Tribune Business News;
July 19, 2003 ;
700+ words
...By Ethan Zindler, Cape Cod Times, Hyannis, Mass ... Business News Jul. 19--CCBT Financial Companies, parent of Cape Cod Bank & Trust ... cctimes (c) 2003, Cape Cod Times. Distributed ... Tribune Business News. CCBT,
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