IT’S FOR A
Making donations to the community is a core mission at all
banks. But gathering contributions from others as part of
a charitable initiative is an art that not every bank has
an opportunity to practice. We profile two banks
that were involved successfully in the raising
of funds for worthy undertakings.
BY WALT ALBRO
BANKS HAVE ALWAYS BEEN PRETTY GOOD AT GIVING charitable donations to the community. Learning how to raise money from the community is another story. Not every bank has experience in managing or organizing a community fundraising initiative.
What follows below are profiles of two banks that were involved in special fundraising activities. The
first, Summit State Bank, Santa Rosa, Calif., identified a one-time charitable endeavor and took the lead in
managing and organizing fundraising efforts. The second, 1st Summit Bank, Johnstown, Pa., is involved
in on-going fundraising efforts by its employees who operate their own charitable foundation, which is
separate from the bank’s other charitable activities.