City National Bank Donates $5,000 to the Book Fairies

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City National Bank’s Long Island team, based in Melville, presented the Book Fairies with a $5,000 donation at a special presentation on February 12. Left to right: Barinder Parmar, relationship banker with Personal & Business Banking at City National; the Book Fairies’ program coordinator Sherry McGrath and executive director Eileen Minogue; and Davi Tserpelis, business banking manager at City National.

City National Bank, through its Reading is The way up® literacy program, has donated $5,000 to the Book Fairies, a Freeport-based nonprofit organization that donates new and gently used books to underprivileged communities across Long Island, the New York Metro area, and overseas.

The donation is part of City National’s 11th annual Barnes & Noble Holiday Book Drive program, and represents a purchasing power of approximately $6,660 that reflects a 25 percent discount with Barnes & Noble.

“City National Bank’s literacy program is a key part of giving back to our local communities and empowering the next generation, and we’re proud to support an important local nonprofit in their mission to donate thousands of books each year to schools and organizations in need across Long Island and metropolitan New York,” said Davi Tserpelis, senior vice president and business banking manager at City National Bank on LI. “Reading is a fundamental prerequisite to the future success of this country, and we feel fortunate to be able to foster literacy and a love of reading in the children in our community.”

Related Story: Literacy Nonprofit The Book Fairies’ Novel Idea: Break Guinness World Record

The Book Fairies has donated books to libraries, schools, community organizations, homeless shelters, children’s hospitals and elsewhere.

“We are so grateful for the continued support from City National,” said Eileen Minogue, executive director of the Book Fairies. “Thanks to organizations such as City National, we were able to distribute 597,652 books to individuals in need last year.”