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What's Happening at First Choice Bank
First Choice Bank Earns Outstanding CRA Rating
First Choice Bank is pleased to announce it has received the highest rating available, "Outstanding," during its most recent Community Reinvestment Act (“CRA”) examination by the Federal Reserve Bank (“FRB”) of San Francisco (press release).
First Choice Bank's 9th Annual Charity Golf Tournament
For almost 10 years, First Choice Bank’s Annual Charity Golf Tournament has supported charitable organizations in our local communities that help those most in need. After this year’s event in October 2019, a record-high $130,000 was donated by the Bank and the Much is Given Foundation to the selected 18 non-profit organizations throughout Southern California (press release). As well, the Bank presented its “Citizen of the Year” award to Chef Bruno Serato of Caterina’s Club for the amazing work he does with the at-risk youth in his neighborhood and the surrounding areas. One of First Choice Bank’s core beliefs is to always look for opportunities to make a positive impact on the communities in which we live and work, not because it is required, but because it is the right thing to do. We are grateful for the success of this year’s event and look forward to making an even bigger impact in 2020!
Providing Financial Literacy
The Macedonia CDC’s mission is to inspire, support and empower the people of the Watts Community by identifying and addressing disparities in education, mental health and economic opportunity. At the Access to Capital Summit event at the Macedonia CDC in September, First Choice volunteers not only provided financial literacy to the people of the Watts community but also introduced several small business products available to start-up business owners. We are excited to help new businesses find ways to succeed, grow and thrive.
Providing Financial Tools for Small Business Owners
First Choice recently volunteered at the PACE Seminar for Korean business owners, “Doing Business with the Utilities, the Government and the Private Sector.” This event was a great opportunity for FCB to answer questions and provide financial tools to small business owners to encourage long-term success for their companies.
Volunteering at the Los Angeles Regional Food Bank
Recently, several FCB employees and directors volunteered at the Los Angeles Regional Food Bank, helping to sort, inspect and package donated food items from stores and local food drives for community members in need. It was a great opportunity to directly impact those in need in our community and was a lot of fun, too!
FCB Scholarships for Students in the Alhambra Unified School District
First Choice Bank was proud to partner for the third year in a row with the Alhambra Unified School District to provide scholarships to graduating high school students that are economically disadvantaged and demonstrated academic excellence. This year, four outstanding students received a total of $4,000 in scholarship funds. FCB is thrilled to have a hand in helping these students thrive in their education.
FCB Exit Portfolio Interviews with Local Middle School Students
First Choice Bank continued its five-year partnership with Stacey Middle School and began a new partnership with Johnson Middle School by participating in both schools’ Eighth Grade Exit Portfolio Interviews in 2019. The exit interview process is a great way for the students to assess their academic growth while providing good preparation for real-world job interviews. We are grateful to have been able to share our knowledge with these students and to have been a part of these students’ educational experience.