Ruth Jacobs Retires from Savings Bank of Walpole – Applies Banking Skills to Help Women in Developing Countries

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– Savings Bank of Walpole today announced that Ruth Jacobs, senior vice president of administration and information technologies, has retired from the bank.

Savings Bank of Walpole today announced that Ruth Jacobs, senior vice president of administration and information technologies, has retired from the bank. Jacobs was a key contributor to the bank’s growth for almost 20 years through her community focus, her attention to customer needs and her leadership in introducing advanced customer services, such as telephone and Internet banking. Her responsibilities have touched virtually every Savings Bank of Walpole employee and customer.

Jacobs, who participated in Savings Bank of Walpole’s “Working Capital” program to fund startup businesses in the Monadnock region, left the bank to begin a new career working on women’s microfinance projects with Women for Women International (http://www.womenforwomen.org). According to the organization’s Web site, it addresses “women’s immediate and long-term needs, work[s] to improve their status and opportunities and see[s] what can be done to create a more just and peaceful world.” (Source: http://www.womenforwomen.org/who.htm)

Jacobs immediately left for Afghanistan where she is working in villages to help women establish support groups and develop businesses. Ultimately, the women will develop the leadership skills to become self-sufficient in order to independently run and manage their businesses. Jacobs has already been to Afghanistan; the bank granted her a three-month leave early in 2005 so she could begin her involvement with Women for Women International.

For Jacobs, this is the culmination of her professional career in banking and education. “I’m pursuing this new venture because of the valuable community banking experiences that I had at Savings Bank of Walpole. I believe that these skills can make a difference by helping women raise their economic status. Everyone at the bank has been tremendous in their support in helping me get to this point. I will certainly miss everyone connected with this organization.”

“It’s no surprise to me that Ruth would ‘retire’ to help women in Afghanistan and elsewhere better their lives,” commented Donald Tisdale, Savings Bank of Walpole president and CEO. “She is a special person with a unique set of both banking and education skills who, I know, will have a major impact. My only regret is that we at the bank and in the community will miss out on her daily advice, guidance and friendship.”

Jacobs joined Savings Bank of Walpole in 1987 as vice president of operations and security. Subsequently, she was promoted to senior vice president and assistant secretary and, in 2001, to her current position. Previously, she was with Cheshire National Bank (now Citizen’s Bank owned by Royal Bank of Scotland). Prior to her banking career, Jacobs was a public elementary school teacher. Jacobs received a B.S. in elementary education from Iowa State University in Ames, Iowa.

Contributions can be made to Women for Women International at: https://secure.entango.com/donate/kFgy9aTiESF.

About Savings Bank of Walpole

Founded in 1875, Savings Bank of Walpole is headquartered in Walpole and serves the Connecticut River Valley and Monadnock regions of New Hampshire and Vermont through offices in Walpole and Keene, as well as through state-of-the-art telephone and Internet banking systems. The bank offers a wide range of financial products and services to individuals, businesses, and organizations. Bank assets total in excess of $225 million. Savings Bank of Walpole is an equal housing lender, and member of the FDIC. For more information, visit http://www.walpolebank.com.

All trademarks are the property of their respective owners.

Editors – For further information:

Tamara Richardson

Savings Bank of Walpole

P.O. Box 517

Walpole, NH 03608

603-355-1602

Sandy McLaughlin

Soucy Communications Group

162 Great Rd.

Acton, MA 01720

978-266-1700

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