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Summit State Bank donates $43,500 to local nonprofits

Eric Gneckow, Business Journal Staff Reporter
Tuesday, February 28, 2012, 10:10 am
Categories: Banking and Finance, Industry News, Nonprofits, North Bay News, Sonoma Report | No Comments

Summit State Bank donated $43,500 to local nonprofits through its Nonprofit Partner Program in the first part of 2012. (Summit State Bank photo)

SANTA ROSA — Summit State Bank (NASDAQ: SSBI) announced today that it had donated more than $43,500 to 74 Sonoma County nonprofit organizations in the first part of this year through its Nonprofit Partner Program.

Some of the largest recipients included the Community Child Care Council, Healthcare Foundation Northern Sonoma County, Community Foundation Sonoma County and PEP Housing.

Through the program, started in August 2009, the bank delivers an automatic donation to nonprofit customers based on their average annual account balances, according to bank President and Chief Executive Officer Tom Duryea.

“This is just one way we can show our appreciation for the difference nonprofits make in our community,” Mr. Duryea said.

Maya Labourdette, finance director of the Community Child Care Council, said the donation helped provide more flexibility to the organization.

“They (the bank) have been a terrific partner to 4Cs by always meeting the banking needs of our organization, providing outstanding customer service and enthusiastically supporting our outreach events,” Ms. Labourdette said.

Summit State Bank recently reported assets of $388 million at the end of 2011.


Link to article: http://www.northbaybusinessjournal.com/49828/summit-state-bank-donates-43500-to-local-nonprofits/

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