Bank To Donate Funds To Restore Landmark Edison Memorial Tower

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EDISON – Investors Saving Bank has formed an alliance with the Edison Memorial Tower Corporation (EMTC) to honor the important innovations that inventor Thomas Alva Edison developed at his Menlo Park laboratories in Edison. The bank will support the EMTC’s ongoing programs by raising and donating funds to non-profit organization.

The EMTC is dedicated to improving the Edison Memorial Tower and the Thomas Edison Center in Menlo Park, which are part of Edison State Park in Edison.  The park showcases the incredible scope of work that was produced at Thomas Edison’s Menlo Park facility, where he perfected the electric light bulb and patented approximately 400 inventions.

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Investors will link its fundraising for the EMTC with the Grand Opening celebration of the bank’s newest branch in Edison on Oct. 2 and 3.  Investors will donate $50 to the organization for each account opened at its grand opening. The branch is located at 946 Amboy Avenue in Edison’s Clara Barton district.

“The tower, one of the community’s most outstanding landmarks, pays tribute to Mr. Edison, who is one of America’s most important inventors, visionaries and leaders,” said Jacqueline Hancock-Pena, branch manager of Investors Savings Bank’s new Clara Barton-Edison location. “We are honored to partner with an organization that is dedicated to strengthening Edison’s role as a center for technology and innovation.”

The tower’s exterior needs a number of repairs and completing the restoration is critical, as the tower is “One of New Jersey’s 10 Most Endangered Historic Resources.” Lights on top of the tower still send out a powerful beacon that can be seen throughout Edison.  The EMTC is raising funds to restore the tower. The first phase of the renovation began in late August 2009 and will continue through 2010.

In addition to renovating and maintaining the tower, the EMTC is working to improve the existing museum and has a longer range plan to create a new museum that more fully tells the amazing story of Edison’s work at Menlo Park.

“Investors Savings Bank recognized the value of our work and stepped forward to help us complete one of our major goals, which is to restore the Edison Memorial Tower,” said EMTC President Nancy L. Zerbe.  “The bank is committed to making a difference in the communities it serves. This is an example of how Investors is taking action to preserve one of Edison’s major landmarks.”


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