NOVATO – In celebration of its 50th consecutive profitable quarter, Novato-based Circle Bank announced today that it will donate 50,000 pounds of food to two Bay Area food banks, the San Francisco and Marin Food Bank and the Redwood Empire Food Bank.
The donation, which will be evenly split between the two food banks, was made in collaboration with the Marin Community Foundation, Mollie Stone’s Markets and United Grocers, Inc.
“While being able to remain profitable through turbulent economic times is gratifying, we are cognizant that it is our communities and our clients who have provided the impetus for our success. Being able to donate 25 tons of food to people in need is one way for us to say ‘thank you’ and to support our neighbors,” said Kim Kaselionis, chairman and CEO of Circle Bank, in a written statement.
The two food banks serve a total of seven counties: Sonoma, Marin, Del Norte, Humboldt, Lake, Mendocino and San Francisco.
The number of people turning to the San Francisco and Marin Food Bank continues to increase, said Executive Director Paul Ash. The donation, he said, would “help make a positive difference in the lives of those in need.”
The bank reported $316.7 million in assets as of Dec. 31, 2011.