They are the oldest theatrical organization in the country and this year they have named Massachusetts native Elizabeth Banks as their Woman of the Year.

The Hasty Pudding Theatricals have been around since 1770, but it wasn't until 1951 that they started naming their Woman of the Year to recognize performers who make lasting contributions to the world of entertainment.

Since then actresses like Meryl Streep, Anne Hathaway, Halle Berry and most recently Bryce Dallas Howard have been bestowed the title of Hasty Pudding Woman of the Year and participated in some very silly events with the theatrical club.

Now Elizabeth Banks is being honored for her "impact in Hollywood as a female director, producer, and writer,” according to event co-producer Samantha Meade.

Not surprising seeing as this year Banks directed, produced and had a role in the Charlie's Angels reboot.

Sure it may have been a box office flop, but it was a mostly female cast with mostly females in the behind-the-scenes roles too.

And for that Banks will become the 70th Woman of the Year and will be in Boston on January 31st to celebrate that honor.

The celebration kicks off with a parade through the streets of Cambridge at 3 p.m. followed by a celebratory roast at Farkas Hall at 4 p.m. where Banks will receive her Pudding Pot.

If you are a huge Elizabeth Banks fan you can join in the Hasty Pudding fun by nabbing tickets to the roast at hastypudding.org/buy-tickets.

Tickets prices are pretty high if you ask me, so maybe just taking in the parade for free?