September 6, 2011 > Bank honored for philanthropy
Bank honored for philanthropy
Fremont Bank has been honored by the San Francisco Business Times as one of the "Top 65 Corporate Philanthropists in the Greater Bay Area" at the annual Bay Area Corporate Philanthropy Summit and Awards breakfast held July 20 at the Hilton San Francisco. Fremont Bank has been on the coveted list, based on total cash contributions paid by companies to Bay Area nonprofits, every year since it entered the survey in 2003. This year, Google Inc. captured the top spot in the ranking, followed by AT&T, Wells Fargo, Chevron Corp. and Cisco Systems Inc. Fremont Bank was ranked 39.
At the annual event, Fremont Bank also received its sixth "Levi Strauss Community Commitment Award." The award recognizes companies for giving more than one percent of their pre-tax profit to charities. (One percent of pre-tax profit is considered the national benchmark for charitable giving best practices.) Fremont Bank was near the top of a select list of only 24 local companies out of 65 to receive this year's Community Commitment Award.