Press release

Central Valley Community Banks’ Generosity and Community Support Highlighted this Holiday Season
Local members of the California Bankers Association proudly support several philanthropic endeavors in the Central Valley community

SACRAMENTO, CA   November 15, 2017 – Members of the California Bankers Association (CBA) play a critical role in supporting California’s local communities and their economies. In a 2017 CBA Community Relations Survey, banks shared their dedication to giving back to their communities by hosting local events, funding scholarship programs and supporting many philanthropic endeavors. In total, responding CBA member banks across California donated nearly $82 million last year.

“In addition to the loans and other financial services they provide to businesses and families to support and fuel economic growth, banks and their employees are continually donating time, talent and dollars to strengthen and improve the quality of life in the communities in which they live and do business,” said Simone Lagomarsino, president and CEO of the California Bankers Association.  

Locally, Bank of Stockton, Suncrest Bank, F&M Bank, Murphy Bank and Central Valley Community Bank participated in the CBA survey, and the stories they shared show their commitment to volunteering their time and funds towards causes for social good.

Supporting Communities Across the Central Valley

  • Now in its sixth year, Bank of Stockton’s annual “Empowering Young Women” event, the proceeds of which go toward scholarships for young women, helps them build confidence and avoid peer pressure. Keynote speakers in the past have featured female leaders in the community, including the president of the local university, a judge, a doctor and several entrepreneurs – all of whom have shared their stories of overcoming challenges on their way to professional success.
  • Central Valley Community Bank works to make the place they live and call home a better place by supporting SCORE, a non-profit organization that provides free business mentoring, educational workshops and seminars at little to no cost. “The impact of a partnership like CVCB gives SCORE the ability to reach more small businesses, making a difference in economic growth and the community,” said Peter Fong, district director of SCORE.
  • Suncrest Bank gave back to the local community by repainting the home of an elderly resident of Orosi, located in Tulare County. “It was rewarding to see the look on the homeowner’s face when we were finished with the project,” said one employee who participated. “She was so appreciative of all of our hard work.”  The bank also raised more than $15,000 for the Judy Sarber Memorial Golf Tournament, which benefited the Habitat for Humanity’s efforts to build and remodel homes for low-income families throughout Tulare County.
  • F&M Bank donated more than $83,000 to the United Way of San Joaquin County and its employees have collectively volunteered more than 300 hours of their time.
  • Murphy Bank is one of two founding sponsors of the Fresno Community Concert Band, and Paul Heath, a senior vice president of Murphy Bank, was a founding board member of the band. In 24 years, the band has grown to more than 80 members and boasts a full concert schedule throughout the school year.

 “The CBA is so proud to support these local community banks that have such an impressive history of giving back to the community – which is their community too,” said Lagomarsino. “Our member banks are very committed to making the places where they do business and live the very best they can be.”

 

About the California Bankers Association (CBA)

Established 126 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant legislative and educational solutions to some of California’s more pressing financial and banking issues, including financial empowerment, identity theft, financial privacy and financial elder abuse. CBA’s membership includes the majority of California’s commercial and community banks, and savings associations. For more information, visit www.calbankers.com.

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