MECHANICS BANK NAMED ONE OF THE 2010 “TOP CORPORATE PHILANTHROPISTS”
Richmond, CA, July 23, 2010 -- Mechanics Bank was honored as one of the 60 “Top Corporate Philanthropists in the Greater Bay Area” by the San Francisco Business Times at the annual Bay Area Corporate Philanthropy Summit and Awards breakfast on July 22, 2010 at the Marriott San Francisco. With a contribution level of 4.6% of net profits, the bank also was near the top of the select list of 18 local companies that donated one percent or more.
Mechanics Bank has long committed to setting aside at least $1,000 per employee for charitable giving. This year, despite lower profits driven by the recession, its donations worked out to approximately $1,085 per employee.
“We feel strongly that philanthropy is integral to our role as a community bank,” said Dianne Daiss Felton, Chairman of the Board of Mechanics Bank, who represented the bank at the event. “We see it as part of our mission to help build prosperous communities. Especially important to us is that every dollar we donate is to a local organization. While we salute the work of national and international nonprofits, we feel we can best make a difference here, where our clients and employees live, work and play.”
In addition to its financial contributions, Mechanics Bank recently launched Community Partners, a program that provides nonprofits with a streamlined process to request donations, ask for volunteers and other resources and sign up for products and services tailored to their needs. The bank encourages employees to register their interest in volunteering thru a database that can be used to match them with specific organizations that have requested help and gives each employee the equivalent of one-and-a-half days of personal time for volunteer work.
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About Mechanics Bank:
Mr. David Louis