FREMONT, Calif., January 7, 2014 - Fremont Bank, a leading full-service community bank in California, announced today that it will celebrate its 50th anniversary this year by awarding more than $1 million in charitable contributions to 156 local nonprofits.
“These donations are an opportunity to thank our clients and associates for helping Fremont Bank celebrate 50 years of outstanding community service and support,” said Marie-Pascale Peterson, Fremont Bank’s director of community outreach.
Donations will be made in two waves, with the initial $500,000 being distributed to 105 nonprofits through Fremont Bank’s Corporate Giving Program. Throughout January, these funds will be awarded to organizations that are located in, and provide services to, each of the communities served by a Fremont Bank branch. Fifteen beneficiaries will receive $10,000; 50 will be awarded $5,000; and 40 will be given $2,500 to support their community work.
Later this spring, Fremont Bank Foundation will grant another $550,000 to an additional 51 nonprofits located within the five counties served by Fremont Bank (Alameda, Contra Costa, San Francisco, Santa Clara and Monterey). The awards will include 50 grants of $10,000 each and one grant in the amount of $50,000. Fremont Bank associates will vote to choose the recipient of the $50,000 grant.
“Our success and generosity these last 50 years is made possible by our long-standing relationships with clients, including our nonprofit partners. Our thanks go out to them for making us the premier community bank and bank of choice for nonprofits in the communities we serve,” Peterson added.
The San Francisco Business Times consistently ranks Fremont Bank as one of the Bay Area’s most generous companies. Last year, local residents voted Fremont Bank the “Best Bank” and “Most Community-Minded Bank,” according to the Fremont Bulletin.
About Fremont Bank
Fremont Bank (www.fremontbank.com) is a leading retail and commercial bank, California mortgage lender, award-winning top philanthropic business and consistently ranks in Bay Area News Group’s “Top Bay Area Workplaces.” Founded in 1964, Fremont Bank is one of the oldest independent family-owned and managed banks in the state and focuses on personalized service for clients. It has 18 branches across the counties of Alameda, Contra Costa, Santa Clara, San Francisco, and Monterey with loan production offices in Sacramento and Los Angeles counties. Find Fremont Bank on Facebook at www.fb.com/FremontBank and on Twitter at @FremontBank.
About Fremont Bank Foundation
Fremont Bank (www.fremontbank.com) is the primary funding source for Fremont Bank Foundation, which was established in 1995 as an independent, private grant-making foundation. Sharing with the community is at the heart of Fremont Bank Foundation, which provides financial assistance to nonprofit organizations for the implementation of services and programs that enhance the quality of life for all people in the communities served by Fremont Bank.