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February 27, 2007 > Fremont Bank goes hybrid

Fremont Bank goes hybrid

New gas saving vehicles accelerate 'clean' business practices

Couriers for Fremont Bank log between 2,500 and 3,000 miles each per month as they go about picking up and delivering documents between the bank and its customers using bank-owned vehicles. Since December, each of the bank's six couriers have been navigating the streets and freeways of the Bay Area in a more environmentally-friendly ride - the Prius Hybrid car - reducing costs to both the planet and the bank.

Fremont Bank, which prides itself on being the Bay Area's most progressive full-service community bank, has for years provided low-cost door-to-door courier service for its business customers, a benefit most banks do not provide for free. Now, as the bank's drivers make their daily rounds, they're doing it much more cleanly in cars that emit 80 percent less carbon dioxide than standard internal combustion vehicles.

The move accelerates the bank's overall program of "clean business" practices by lowering the environmental impact on communities where it operates, notes Kevi Grier, director of Central Operations and Logistics Services for Fremont Bank.

"Being a community committed bank, we always consider as part of our strategic planning the impact of our operations on the neighborhoods where we do business," Grier says. "There are powerful business reasons and financial incentives for companies to operate more cleanly, but the most powerful incentive is that of doing our part to stabilize global warming and reduce all our impacts to the environment."

"We're already experiencing significant savings of nearly $1,000 per month in gasoline and we were able to secure commuter lane passes for each driver, so we're saving big on both time and money," says Raymond Mallonee, procurement manager for Fremont Bank.

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