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The new division will be led by Charles Van Hise, vice president of nonprofit solutions, who previously served as the head of the Cambridge Savings Bank’s business banking department. Van Hise will report to Karen Kindle, executive vice president, retail and business banking.
The CPS program also offers dedicated relationship managers for NPO customers; employs a street team to volunteer at individual NPOs’ events; and utilizes newly designed banking, financing, and investment products that take into account the different banking strategies of NPOs as compared to for-profit businesses.
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