February 4, 2014 > Fremont Bank donates to nonprofits
Fremont Bank donates to nonprofits
Submitted By Kurt Heath
Fremont Bank, a leading full-service community bank in California, announced 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 BankÕs director of community outreach.
Donations will be made in two waves, with the initial $500,000 being distributed to 105 nonprofits through Fremont BankÕs 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.
ÒOur 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,Ó Peterson added.