True to its commitment, Mechanics Bank presented The National Asian American Coalition (NAAC) with two checks of $5,000 for a total of $10,000.
The NAAC has been serving the low-to-moderate income communities across the State of California for almost 17 years, increasing sustainable homeownership and providing technical assistance to small businesses. More than ever, NAAC’s essential financial literacy, job creation and microlending services after extensive health-related lockdowns require the support of corporate and governmental funding.
“NAAC has been at the forefront helping people of color. Between the Covid-19 health crisis and the increasing Asian hate outrage, Mechanics Bank has moved-in even closer as banking support partners assisting micro to small business owners, homeowners and renters.”
Faith Bautista, NAAC Founder and CEO
Mechanics Bank doubled its donation through its membership in FHLBank San Francisco, a cooperative of local banks designed to keep money flowing to consumers and businesses.
“We are pleased to support the NAAC in recognition of its continued efforts to deliver on the economic-development and lending needs of underserved communities where we live and work.”
Fred Lambright, Senior Vice President and Community Development/CRA Officer for Mechanics Bank