Banking & Finance: Bank of Marin donates $25,000 to Marin Schools

Bank of Marin donated $25,000 to SchoolsRule--Marin, part of its pledge to allocate 35 percent of its total corporate giving to education-related organizations in 2013.

The organization works to coordinate aid for Marin County's public schools, providing funding based on number of students. The donation from Bank of Marin will help support technology, art and literacy programs, according to an announcement.

[caption id="attachment_70953" align="alignright" width="375"] Peter Pelham (from left), executive vice president of retail banking at Bank of Marin; Joan Capurro, director of community relations at Bank of Marin; Trisha Garlock, executive director of Kiddo; and Mary Jane Burke, Marin superintendent of schools (image credit: Richard Wheeler)[/caption]

"We chose SchoolsRule-Marin for this contribution because they have developed an equitable process for distributing funds evenly across all schools, something that was very important to us," said Russell Colombo, bank president and chief executive.***

After joining the board of directors for the Oakland-based Women's Initiative for Self-Employment, Kimberly Kaselionis has worked to restart a specialized loan program for women entrepreneurs in Marin County that she helped launch while chief executive of the former Circle Bank.

Two financial institutions -- San Jose-based Heritage Bank of Commerce and San Francisco's First Republic Bank -- have expressed their interest in funding the program, she said. While supporting the program, Circle Bank funded a total of $140,000 in loans to graduates of the Women's Initiative small business training program for low-income women, helping them to start or expand their business.

"On average, they're adding two-and-a-half new jobs per new business," Ms. Kaselionis said.

The initiative to continue the lending program is among recent efforts in the North Bay to help fund the kind of "microloan" requests that often fail to pass the underwriting standards of typical financing. Working Solutions, a San Francisco-based microlender, has also set up shop at the Renaissance Entrepreneurship Center in San Rafael.***

Santa Rosa's Exchange Bank celebrated the 50th anniversary of its Trust & Investment Management department this month, inviting clients to an economic presentation by economist Dr. Christopher Thornberg and marking a milestone for a department started under the bank's former president, Charles Reinking.

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