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We employ a mix of approaches. While our plan includes monetary investments, the most powerful method of support that leads to sustained results is education and guidance. In this manner, we help far more people achieve and sustain progress than any amount of widely-spread capital contribution could serve. As such, we put a primary and growing emphasis in the Services category of our CRA program.
Guidelines for Corporate Giving
Donation & Sponsorship Review Criteria:
Approval/Decline of Donation & Sponsorship is based on the following criteria:
- Assessment area
- Program specific
- CRA qualified criteria
- Affordable Housing for low-to moderate-income individuals
- Community Services targeted to low-or moderate-income individuals
- Activities that promote economic development by financing businesses or forms that meet the SBA size eligibility (100 employees or less) or have gross annual revenues of $1.0 million or less
- Activities that revitalize or stabilize low-or moderate-income areas measurement in monitoring mechanism.
- Potential beneficial impact
- Potential program expansion
- Broad base diversity
Our CRA assessment areas concentrate around our business operations' geographies. The Bank has designated three assessment areas, two of which are within the State of California and one in Texas. The assessment area in Southern California includes all of Los Angeles, Orange and San Bernardino Counties. The second assessment area is defined as Northern California and contains all of San Francisco County, as well as the Santa Clara, Alameda, and San Mateo counties. These assessment areas encompass portions of six Metropolitan Statistical Areas (MSAs). Additionally, The Bank has 1 assessment area within the State of Texas. This assessment area includes all of Harris County. |