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Wednesday, March 30, 2011

Hancock County Savings Bank Offers Community Educational Seminars

As part of its mission of giving back to the community, several years ago Hancock County Savings Bank initiated a series of free "Community Seminars.” These seminars cover a range of topics such as “Creating a Dynamic Resume,” “Tips for a Successful Job Interview,” “Fraud and Identity Theft – How to Protect You,” and “Managing Time and Stress.” The bank is also offering a series of Non-Profit Board seminars on topics such as the legal responsibilities inherent in non-profit board membership, strategic planning, marketing, and budgeting.

On March 8 the bank offered its first seminar of 2011 -- an annual Home Seminar, which included presentations on its First-Time Homebuyers program and its four construction loan programs. All community seminars are free and are open to the public.

NYCB Banks Establish Japan Relief Fund, Offer Matching Contributions

New York Community Bancorp, Inc., the parent company of New York Community Bank and New York Commercial Bank, has established a relief fund for the victims of the earthquake and tsunami in Japan. The banks will match funds collected at its branches, and the combined contributions of up to $150,000 will be given to the Salvation Army’s relief efforts in Japan.

The NYCB family of banks said it is coordinating this effort to enable its employees and customers to easily and effectively make donations, and to double the benefit of the donations they make.

“As a community bank, we have a commitment to supporting the causes that are important to our customers and our employees, and providing relief for the people of Japan is certainly important to us all,” said President and Chief Executive Officer Joe Ficalora.

Donations can be made at any of The NYCB Family of Bank’s 270+ branches in New York, New Jersey, Ohio, Florida, and Arizona.

New York Community Bancorp
$42 billion in assets
Westbury, N.Y.

Tuesday, March 22, 2011

Centrix Bank Funds Construction of Affordable Senior Housing Project

Centrix Bank provided a $3.0 million construction loan to help fund the construction of White Birch of Rye, a new 22-unit affordable senior housing project built in Rye, N.H. by The Housing Partnership. The Housing Partnership was founded in 1988 by local businesses, citizens, and the United Way of the Greater Seacoast in response to a critical shortage of affordable housing in New Hampshire’s Seacoast region. White Birch of Rye is an independent-living retirement community offering housing for low-income and very low-income seniors ages 62 and older. The new housing complex is nestled on a 10.5 acre parcel located on Route 1 in Rye, NH. Tenants were able to move into the new complex in early December 2010.

Centrix Bank was the only bank to participate in the $4.8 million project. "Centrix Bank is honored to be part of such an important project with The Housing Partnership,” said Stephen Witt, SVP, Seacoast Managing Director.

Centrix Bank
$591 million  in assets
Bedford, N.H.

Monday, March 14, 2011

Banks Respond to Crisis in Japan

Several banks have announced donations and programs to aid in Japan’s recovery following the country’s worst earthquake on record:

JPMorgan Chase has committed $5 million to near-term relief and recovery efforts. The donation includes $1.1 million, which has been already been pledged by JPMorgan Chase Japan and $1 million to match contributions to American Red Cross and World Vision by the bank's more than 220,000 employees, including more than 1,300 in Japan. The balance will be used to support charitable and relief organizations helping with the recovery efforts. The bank’s card customers also will soon be able to make donations through the banks’ rewards programs.

Bank of America announced a 100 million yen ($1.22 million) commitment to aid victims of the earthquake and tsunami in Japan. This includes a 50 million yen grant to the American Red Cross, which is partnering with the Japanese Red Cross Society to help meet the immediate needs of survivors.

As relief efforts evolve in the coming weeks and months, the remaining 50 million yen will be directed toward long-term recovery, including the rebuilding of homes, schools and other critical infrastructure. In addition, Bank of America will match employee pledges to the Red Cross “Japan Earthquake/Pacific Tsunami Relief Fund” through the bank's matching gifts program, and will not limit its overall company donation.

First Hawaiian. First Hawaiian Bank announced the establishment of the Japan-Hawaii Relief Fund to assist the survivors of the devastating earthquake and tsunami, and the bank donated $100,000 to the fund. All contributions will be donated to the Japanese Red Cross Society.

First State Bank Employees Co-Chair County's Relay For Life

First State Bank is passionate about raising money for Relay For Life. Leslie Jones, Winchester Branch Manager and Amy Schoultheis, Winchester Office Manager, co-chaired the event for Adams County Ohio. The goal for the Adams County Relay event was $20,000. With the help of the Adams County committee members, team members, businesses and numerous volunteers, the final total for Adams County Relay for Life 2010 was $50,571.

First State Bank hosted several bake sales, a 5K run and many additional events in an effort to reach our team goal of $10,000 to contribute to the county goal. As a result, First State Bank team received the "Gold Team" status.

The Relay team is already gearing up to raise some serious cash for cancer in 2011. The fundraising goal has been set for $51,000 for Adams County and again at $10,000 for the First State Bank team. First State Bank is very proud of Leslie and Amy for co- chairing this very successful event for Adams County and to our employees for supporting the cause.

First State Bank
Winchester, Ohio
$198 million in assets

Tuesday, March 8, 2011

Bank of American Fork's Investments Yield Housing for Low-Income Seniors

Bank of American Fork has been the lead investor in a new housing project for low-income American Fork, Utah, seniors, which opened Feb. 14. Rosewood Senior Living Center has 12 apartments to house low-income seniors, defined as those aged 62 and older living on less than $27,360 per year.

The project is a joint effort between Bank of American Fork, Utah Housing Corporation, the Utah Department of Community and Culture and the Housing Authority of Utah County, which hosted an open house for the center on Feb. 3. The event showcased the 700-square foot, 1-bedroom apartments, each furnished with a stove, refrigerator, microwave, dishwasher, washer and dryer. Residents will be required to pay 30 percent of their adjusted monthly income toward the contract rent of $631, with the balance subsidized through a Housing Authority of Utah County Section 8 housing voucher.

Bank of American Fork provided its investment as a $1 million loan during the construction phase and then converted the loan into an equity investment managed jointly with the Housing Authority.

Bank of American Fork
American Fork, Utah
$840 million in assets

Thursday, March 3, 2011

Atlantic Stewardship Bank Donates $360K Through Unique Tithing Program

The Atlantic Stewardship Bank recently distributed $360,366 in charitable contributions to 280 deserving organizations, through the Bank’s unique tithing program. The tithing program provides for the bank to share ten percent of its pre-tax earnings annually with Christian and local civic non-profit organizations. All tithe recipients are selected at year-end by the bank’s board of directors.

In accordance with the tithing program, each year the bank makes hundreds of donations; sending or hand delivering checks to food pantries, Christian missions and ministries, schools, libraries, police and fire departments, and other deserving recipients local to the bank’s branch offices. Over $7.3 million has been given under this program since its inception.

“Tithing is a Biblical principle, meaning to give or devote one-tenth to God,” said Atlantic Stewardship Bank President and CEO Paul Van Ostenbridge. “The thought of a bank giving away ten percent of its profits every year is quite unusual. We continue to do so because the concept of tithing was extremely important to the founders of the Atlantic Stewardship Bank; in fact it is written in to the Bank’s corporate bylaws.” Read more.

Atlantic Stewardship Bank
Midland Park, NJ
$688 million in assets