Cambridge Savings Bank has started a new division to cater to local and regional nonprofit organizations.
Community Partner Solutions will provide services such as cash flow management and planning for growth, the Cambridge, Mass., company said Monday. The $2.2 billion-asset bank also will offer a place for meetings.
The division will have managers dedicated to nonprofit customers, provide volunteers at nonprofit events and offer new products to fit the needs of nonprofits.
Charles Van Hise, vice president of nonprofit solutions, will lead the division. He had been the head of Cambridge Savings Bank's business banking department and will report to Karen Kindle, executive vice president of retail and business banking.