SAN FRANCISCO, May 3, 2016 /PRNewswire/ -- First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced that Senior Vice President Rosana Han, head of the bank's Community Reinvestment initiatives, was honored by San Francisco Housing Development Corporation (SFHDC) for her two decades of work in underserved communities.
Han received the 2016 SFHDC Corporate Social Responsibility Award for her efforts in promoting affordable housing and economic development. During a recent SFHDC awards ceremony, she also received special commendations from U.S. Senator Dianne Feinstein, U.S. Rep. Nancy Pelosi, California State Senator Mark Leno, California State Assemblymember David Chiu, and from the San Francisco Board of Supervisors.
"Rosana Han has done outstanding work in San Francisco's underserved communities and has been a tireless advocate of affordable housing for many years," said Jim Herbert, Chairman and CEO of First Republic Bank. "Rosana's work reflects First Republic's larger commitment to strongly supporting communities through affordable homeownership and other financial empowerment initiatives."
The mission of SFHDC is to foster financial stability in predominantly African American neighborhoods in Bayview Hunters Point and southeast San Francisco by creating affordable housing, increasing homeownership and facilitating economic revitalization in these neighborhoods.
First Republic has been partnering with SFHDC for the past five years. In addition to financial support for the organization, First Republic collaborates with the SFHDC on the City of San Francisco's First Time Homebuyers Program and the Federal Home Loan Bank of San Francisco's Workforce Initiative Subsidy for Homeownership program to provide affordable home financing to low- and moderate-income borrowers.
About First Republic Bank
Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; and Greenwich and New York, New York. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/first-republic-bank-executive-honored-by-san-francisco-housing-development-corporation-300261240.html
SOURCE First Republic Bank