Ogden, Utah, April 24, 2013
Locally-owned community bank to purchase and plant elm trees in Sugarhouse Park Friday, April 26
Bank of Utah will be giving a gift to the community that will keep on giving. The locally-owned bank has donated $750 to TreeUtah to purchase six American elm “New Harmony” trees and two Japanese elms to plant on Arbor Day, Friday April 26. A group of about 20 bank employees will roll up their sleeves with other volunteers from the community to plant the trees from 3 to 7 p.m. in the southeast corner of Sugarhouse Park, 1330 East 2100 South.
“Our goal for the event is to provide an enjoyable day for our volunteers, along with some hard work and a dose of education about the importance and benefits of planting trees,” said Ross Chambless of TreeUtah. He reported that the “New Harmony” American elms are resistant to Dutch elm disease and will eventually grow to be large shade trees. This initial planting is part of an ongoing project to transform a gradual slope in the park into a shady grove that will eventually include additional smaller trees such as red and Japanese maples, and native serviceberry and dogwood bushes.
“There are so many benefits to planting trees, and of course the first thing I think about is how they make our neighborhoods and yards more beautiful,” said Scott H. Parkinson, senior vice president of marketing and communications for Bank of Utah. “And, because we’re an organization that focuses on saving families and businesses money through smart financial practices, we also support the planting of trees for their economic benefits.”
According to local non-profit, TreeUtah:
- Planting shade trees on the south and west faces of your home or business can reduce winter heating bills up to 15 percent and summer cooling bills up to 50 percent.
- Studies have shown that businesses landscaped with trees project a warm, welcoming atmosphere. Patrons tend to linger and spend more time shopping, potentially increasing business.
- Adding fruit trees to a landscape provide delicious and free supplemental nutrition for the entire neighborhood.
- A well-landscaped, tree-lined yard can raise the property value of a home by five to 15 percent, increasing neighborhood desirability and speeding up sales.
For more information visit www.treeutah.org.
About Bank of Utah
Bank of Utah, which recently marked 60 years in business, was founded and organized by Frank M. Browning, an Ogden business executive. The bank officially opened for business on December 1, 1952 with 16 employees, and has grown to over 300 employees and $750 million in assets. The bank currently has 13 full-service branches along the Wasatch Front, mortgage offices in South Towne, Price, Logan, St. George and South Jordan and corporate trust teams in Ogden and Salt Lake City. Bank of Utah offers personal banking, business banking, home lending, trust management and investment services. For more information call 1-800-516-5559 or visit www.bankofutah.com.