Farmers & Merchants Bank Awarded Over $100,000 In Grants To Support Three Local Targeted Economic Development Projects
September 11, 2020
LONG BEACH, CA (September 11, 2020) - Farmers & Merchants Bank (F&M Bank), California’s Strongest, collaborated to obtain $105,000 in grant funding from the Federal Home Loan Bank of San Francisco’s 2020 AHEAD Program to support programs at Boys & Girls Clubs of Long Beach, Kingdom Causes Bellflower and Pathways of Hope. The AHEAD Program enables FHLBank San Francisco members to give a critical boost to local programs and projects that target pressing community needs.
Awarded for their Five Core Youth Development Initiative during COVID-19, the Boys & Girls Clubs of Long Beach provides character and leadership building, education and career development, health & life skills, classes in visual and performing arts, and instruction and participation in sports, fitness and recreation to the community’s youth. Their $37,500 grant will go toward helping their Club members and the community with safe child care and educational services both in-person and online.
Kingdom Causes Bellflower’s Good Soil Industries program aims to help the community's hard-to-hire men work their way out of poverty by providing 3-6 month transitional jobs for men with criminal records and other employment barriers through their landscape social enterprise business, in addition to workforce development services to neighbors throughout Bellflower. Their $37,500 grant will go toward providing job opportunities, mentoring, and personal development through workshops.
Pathways of Hope’s Food and Homeless Housing Essential Services programs provide over 200,000 meals and thousands of pounds of food each year through its HUB of Hope food +-*distribution and resource center and different types of shelter, transitional housing, and permanent housing for families and individuals in North Orange County. Their $30,000 grant will go toward rapidly and flexibly providing food and basic needs supplies, as well as rental and utility assistance for homeless prevention and 88 emergency shelter beds in two locations, to mitigate the impact of the COVID-19 pandemic.
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 Boys & Girls Clubs of Long Beach, Kingdom Causes Bellflower, and Pathways of Hope on these grant awards. These organizations are valuable assets to our communities and we are grateful for the opportunity to assist in achieving their mission.
We are proud to partner with our member Farmers & Merchants to provide funding to three organizations that are essential resources in their communities, said Marietta Núñez, Senior Vice President and Community Investment Officer at FHLBank San Francisco.
In this uncertain time, the services and resources all three grant recipients provide to vulnerable children and families and hard-to-hire men are desperately needed.
FHLBank San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better.
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.