Farmers & Merchants Bank Awarded $25,000 Grant to Support Interval House Crisis Shelters and Centers for Victims of Domestic Violence
September 24, 2019
LONG BEACH, CA (September 17, 2019) - Farmers & Merchants Bank (F&M Bank), one of the strongest commercial and retail banks in California, collaborated to obtain a $25,000 grant from the Federal Home Loan Bank of San Francisco’s 2019 AHEAD Program for funding for Interval House’s Economic Empowerment Program. The AHEAD Program supports targeted economic development projects and non-AHP-eligible housing initiatives that create or preserve jobs, deliver social services, training or educational programs, or other services and programs that benefit low- and moderate-income communities. AHEAD grants are awarded through members to community groups annually.
Founded in 1979, Interval House is a five-time Presidential Award-winning program celebrating its 40th anniversary, with a mission to ensure health, safety and self-sufficiency for victims of domestic violence and individuals at risk for abuse and homelessness in an unprecedented 70 languages. The $25,000 grant will pay to expand delivery of the Economic Empowerment Program to shelter and non-residential service sites in LA and OC, providing increased access to financial education, employment counseling, and case management services to low-income community members.
“Thank you to our friends at the Federal Home Loan Bank of San Francisco for making this wonderful program available via its member banks,” said Cheryl Ryman, F&M Bank Vice President, Community Reinvestment Act Officer. “We congratulate Interval House on this wonderful grant award. This grant is going to help provide financial management and job skills development, empowering individuals and families to become independent and self-sufficient. Interval House is a wonderful asset to our community and we are grateful for the opportunity to assist in achieving their mission.”
“We are proud to support F&M Bank’s effort to strengthen the communities they serve with a $25,000 AHEAD grant,” said Marietta Núñez, Senior Vice President and Community Investment Officer at FHLBank San Francisco. “F&M’s partnership with Interval House on this valuable Economic Empowerment Program will provide a path to self-sufficiency for individuals and families, and make a very real difference in their lives.”
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community programs that help members create affordable housing and promote community economic development.
For more information on F&M Bank business banking, please visit www.fmb.com/business.
About Farmers & Merchants Bank
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 25 branches across Orange County, Long Beach, the South Bay and Santa Barbara, as well as through robust Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.