Circle Bank Among
Biggest Corporate Contributors
In Northern California
Donations per Employee
Ranks as Highest in North Bay
Among Banks, Financial Institutions
Novato, CA—July 26, 2011 - Circle Bank was ranked as the largest North Bay contributor per employee to nonprofit organizations among banks and financial institutions by the San Francisco Business Times in its 2011 corporate philanthropy report.
According to the report, Circle Bank contributed more than $134,000 in 2010, an average of $3957 per employee. The per-employee figure was more than twice as much as the second ranked bank in the North Bay. Of the 65 ranked (by total dollars) banks and financial institutions, Circle Bank made the fourth highest amount of contributions per employee in the Greater Bay Area.
“While we are proud to have been recognized,” said Kim Kaselionis, CEO/chairman of the Bank, “it is more important to us that our contributions provide support to nonprofit community organizations and the outstanding work that they do.”
In addition to being the largest contributor per employee in its industry segment, Circle Bank was also the smallest company (in terms of annual revenue) of all the ranked corporate contributors in the Business Times survey.
The list includes for-profit companies that made contributions to Bay Area-based charitable organizations in the counties of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.
Earlier in the year, Circle Bank became the only community bank in Northern California to publish a Corporate Social Responsibility report, which outlines its community and contributions initiatives as well as other nonfinancial information about its operations.
“It is in our DNA to be part of the community,” said Kaselionis. “We were ‘green’ before it was fashionable and we have produced our Corporate Social Responsibility report in an industry where more transparency is needed.”
About Circle Bank
Circle Bank is a full-service bank, providing a broad range of financial services to consumers and businesses. It is headquartered in Novato, with branches in Corte Madera, Petaluma, San Rafael, Santa Rosa and San Francisco’s Noe Valley. The Bank had total net assets of $306.4 million as June 30, 2011.
Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “plans,” “may increase,” “may fluctuate,” “may result in,” “are projected,” and similar expressions. The Bank’s actual results may differ materially from those included in the forward-looking statements. These forward-looking statements involve risks and uncertainties including, but not limited to, the economic, business, and real estate market conditions in the Bank’s market areas, the interest rate environment, competition, regulatory and legislative actions, the possibility that the Bank will not be successful in achieving its strategic objectives, the performance and contributions of employees and directors, and other factors. The Bank does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.
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