With a $5 million infusion, East Cambridge Savings Bank will participate in state Treasurer Steve Grossman’s "Small Business Partnership" program.

To date, the partnership has shifted more than $262 million in state deposits under the treasurer’s control to qualifying Massachusetts banks to promote small business loans. The partnership aims to move money currently deposited in out-of-state banks into local community banks.

"East Cambridge Savings Bank is honored to be participating," Gilda Nogueira, president of East Cambridge Savings Bank, said in a statement. "The funds received from the program will allow us  to further our commitment to the prosperity of the communities we serve."

East Cambridge Savings Bank is a mutual bank with about $800 million in assets.