The strength of a community comes from the commitment and dedication of its members. Supporting the communities we serve has always been embedded in the Fremont Bank culture and we are proud to be recognized as a Top Corporate Philanthropist for the 15th year in a row by the San Francisco Business Times!
As a community bank, Fremont Bank has a long history of funding, supporting, and staying involved in the services and organizations that make communities better. In fact, we commit 5% of our annual profitability in local donations, through the Fremont Bank Foundation and our corporate grants.
We focus our giving on smaller, local organizations that have a direct impact on the lives of our clients. Most of our donations concentrate on five key categories that Morris Hyman, Fremont Bank’s founder, believed are the pillars that create a strong community:
- Education and youth
- Health and wellness
- Social and human care
- Parks and recreation
- Arts and culture
Recently, we gave $2.5 million to the Washington Hospital Foundation to build the Morris Hyman Critical Care Pavilion. This new addition, doubles the number of beds in the hospital as well as provides state of the art medical resources to the East Bay community. In addition to our contribution to Washington Hospital, another key focus for the bank this year has been directed at school districts and education foundations. We proudly donated $500,000 to Ohlone Community College’s Academic Core project, which fosters collaborative learning between students and educators.
It is an honor to be named a Top Corporate Philanthropist in the Bay Area. We believe that when local businesses, organizations, and individuals come together we can truly improve the quality of life for the entire community. We are grateful to the San Francisco Business Times for inspiring us, and hopefully many others, to continue giving back!