FREMONT, Calif., May 8, 2014
, a leading full-service community bank in California, announced today that Fremont Bank Foundation will award $550,000 grants to over 50 local nonprofits in celebration of Fremont Bank’s 50th anniversary this year.
The grants will be awarded at a 50th Anniversary Reception on May 15, 2014, from 2pm to 5pm, at the Fremont Unified School District’s “Fremont Bank Foundation Professional Development Center” located at 4210 Technology Drive in Fremont, Calif. Members of Fremont Bank Foundation’s Board of Directors as well as Senator Ellen Corbett and City of Fremont Mayor Bill Harrison will be in attendance.
The awards distributed at the reception will include 50 grants of $10,000 each and one grant in the amount of $50,000, voted on by more than 700 Fremont Bank employees. Grant recipients are located within the five counties served by Fremont Bank (Alameda, Contra Costa, San Francisco, Santa Clara and Monterey). The recipient of the $50,000 will be revealed at the reception.
“To mark our 50th anniversary, we will donate over $1 million to over 150 nonprofits that have not only helped Fremont Bank be successful over the years but have also enriched our community with their services and programs,” said Marie-Pascale Peterson, Fremont Bank’s director of community outreach.
Earlier this year, Fremont Bank distributed $500,000 of donations to 105 nonprofits that are located in and provide services to the communities served by a Fremont Bank branch. Fifteen beneficiaries received $10,000; 50 were awarded $5,000; and 40 were given $2,500 to support their community work.
According to Hattie Hyman Hughes, president of Fremont Bank Foundation, “Fremont Bank’s success over the past 50 years has been built on the relationships we’ve cultivated with our valued clients, including nonprofit organizations. It’s a great pleasure to celebrate our milestone by financially supporting the work of so many of our community partners.”
About Fremont Bank Foundation
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.