Diversity & Inclusion

Lowell Five Bank is committed to fostering, cultivating, and sustaining a culture of diversity and inclusion. This commitment extends to including, integrating, and serving individuals who represent different groups as defined by race, ethnicity, gender, gender identity, sexual orientation, religion, age, disability, socioeconomic and family status, political affiliation, and national origin. As a community bank, we are proud of the diversity of our governance and workforce that is reflective of the communities that we serve.

Our diversity and inclusion practices form a foundation on our recruitment and selection, compensation and benefits, promotions, transfers, and development for those with the right competencies and willingness to contribute to a high performing organization.

Our directors and employees bring a diversity of backgrounds, perspectives, and experiences. The unique capabilities and talents that our directors and employees exemplify represent a significant part of our culture, reputation, and achievements.

We strive to initiate, build, and maintain relationships with suppliers who share our commitment to diversity, inclusion, and community service. We welcome the opportunity to establish long term relationships with minority and women owned businesses.

The directors and senior management of Lowell Five Bank support the Diversity and Inclusion Policy, recognizing the importance of supporting the communities we serve and creating a diverse and inclusive environment.

Our employees and governors bring a diversity of backgrounds, perspectives, and experiences. We are an Equal Opportunity Employer and committed to maintaining diversity and inclusion in hiring, benefits, promotions and career development for all our employees.

Workforce Diversity

Lowell Five Bank’s annual workforce analysis points to a growing diversity in our team. We have ascertained from census tract data used in the evaluation of our community reinvestment act assessment area that our employee base very closely resembles the census tract data in the communities that we serve.

We take steps toward diversity and inclusion in a number of ways:

• We create an inclusive work environment by hiring, training and retaining personnel from diverse backgrounds.
• We reach out to a myriad of organizations that assist women and minorities, as well as other underrepresented groups in job services.
• We have a very active Employee Inclusion Committee that works to define and support an inclusive culture.
• We train personnel on understanding the importance of diversity.
• We participate in a variety of activities that reflect the cultural diversity within the communities we serve.

Supplier Diversity

We strive to build and maintain relationships with suppliers who share our commitment to diversity, inclusion and community service in our procurement practices. We continue to welcome the opportunity to establish additional long-term relationships with minority and women-owned businesses.

Lowell Five Bank is also committed to the performance of diversity and inclusion within its procurement and requisition practices. We provide many avenues of opportunities for minority and women owned businesses with the ability to provide us with requisitioned products and services within our required terms and standards.

We have numerous relationships with corporate level vendors and many more on a local level.

We continuously evaluate our vendor management procurement information capabilities to understand our performance in this area more thoroughly. We survey our vendors periodically to gain a clearer view of how many diverse suppliers we currently partner with relative to our entire procurement expenditures. We are also expanding our requisition efforts to enhance vendor bidding procedures and other practices to enhance our outreach and capture minority and women owned businesses.

Banking and Lending

Fair lending is the law. As an Equal Opportunity Housing Lender, Lowell Five Bank lends in accordance with the Federal Fair Lending Laws.

We support and foster local businesses and job growth in our region in our banking practices. This commitment extends to including, integrating and serving individuals who represent different groups as defined by race, ethnicity, gender, gender identity, sexual orientation, religion, age, disability, socioeconomic and family status, political affiliation and national origin.

For further information, please contact Maura D. Sweeney, CHRO, Diversity and Inclusion Officer at msweeney@lowellfive.com or 978.452.1300.