OAKLAND, CA--(Marketwired - Aug 11, 2016) - 2016 marks the 20 th anniversary of Community Bank of the Bay (
Founded in Oakland in 1996, Community Bank of the Bay (CBB) was California's first FDIC insured Community Development Financial Institution (CDFI). Two decades later, the bank has remained true to its core values of client services, trust, integrity, and relationship banking, being an integral member of the Oakland community, and enabling hundreds of businesses to pursue their passions.
As CEO William Keller explains, "All CDFIs were founded with a focus on low to moderate income communities. Our mission, expands on that focus, providing access to economic tools that impact the communities that we work in. We're a valuable member of those communities, and they have rewarded us with inclusion, and longevity."
The banking industry as a whole has undergone seismic shifts over the last 20 years, making CBB's accomplishment even more remarkable. Following the financial crisis 2008 while others were contracting their lending programs, CBB expanded; experiencing fourfold growth.
With Oakland experiencing an economic boom, CBB's deep roots in Oakland, place it in a unique position. "As Oakland's economy grows, the need for capital has grown with it. All of us benefit from having a community bank here. As the local economy expands, our bank has to continue to grow to meet the needs of the local businesses. "
As part of it's 20 th Anniversary campaign, CBB will be showcase a series of success stories highlighting the interesting and diverse mix of businesses; from legacy clients, to trendsetting Oakland businesses, and high impact non-profits that make up their portfolio. Planned activities to celebrate 20 years of community banking in Oakland include sponsoring the first annual Oakland Beer Festival, taking place on August 13, 2016 in Old Oakland. Also, the Best of Oakland Magazine Party on August 17, 2016. In addition, the San Mateo office will be hosting the San Mateo Area Chamber of Commerce mixer on August 24.
About CBB Community Bank of the Bay (CBB) is a locally owned and operated, relationship oriented business bank that offers customized lending solutions and FDIC-insured deposit services to individuals, businesses, and non-profits throughout the Bay Area. It is also a SBA Preferred Lender and has close relationships with other private and public organizations that allow it to providing flexible financing to small and mid-sized businesses. CBB was the first bank in California, and one of less than one hundred financial institutions nationwide to be certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI). CBB is also a certified Bay Area Green Business and is home to the Bay Area Green Fund which allows environmentally conscious depositors to channel their funds to sustainable businesses and projects. For more information, please visit www.bankcbb.com . On social media at Twitter.com/bankcbb on facebook.com/bankcbb
Media contacts: Bill Keller President & CEO wkeller@bankcbb.com (510) 433-5404 Helen Wyman Hwyman@bankcbb.com (510) 433-5436
