First Republic Honored For Addressing Income Inequality
Recognition Reflects The Bank's Work In Underserved Communities
SAN FRANCISCO, Aug. 16, 2016 /PRNewswire/ -- First Republic Bank and Rosana Han, head of the bank's Community Reinvestment programs, have both been recognized by the National Asian American Coalition (NAAC) for their work in addressing income and wealth inequality.
Founded in 2004, NAAC's mission is to support sustainable and responsible homeownership for low- to moderate-income families and provide technical assistance, marketing and outreach to small businesses, minorities and veterans across the United States. The NAAC works closely with prominent African-American, Latino and Asian-American organizations and helps corporate and governmental leaders ensure diversity in their operations and workforce.
"NAAC is pleased to honor First Republic and Rosana Han for thinking outside the box in addressing income and wealth inequality," said NAAC Executive Director Faith Bautista. "First Republic cares for the underserved community. Working in partnership with the NAAC and National Diversity Coalition, First Republic has helped expand home ownership in areas where no bank will make loans. First Republic has also been instrumental in supporting micro businesses and nonprofits, such as NAAC."
Han, who has more than 20 years of experience working to support underserved communities, oversees the First Republic's lending, investment and community engagement with minority borrowers and low- to moderate-income communities in its urban, coastal markets.
"First Republic fully supports the NAAC's efforts to create opportunity for individuals, families and businesses," said Jim Herbert, CEO of First Republic Bank. "We remain committed to supporting underserved communities through partnerships with organizations like the NAAC and through numerous innovative lending and community investment programs."
The NAAC award is the third First Republic has received this year for its work in low- to moderate-income communities. In May, Han was honored by San Francisco Housing Development Corporation (SFHDC) and received the 2016 SFHDC Corporate Social Responsibility Award for promoting affordable housing and economic development.
In March, Community Youth Center named First Republic its 2015 Corporate Partner of the Year for its work in providing financial education to at-risk youth in underserved neighborhoods in San Francisco's distressed neighborhoods, including the Tenderloin, Bayview-Hunters Point and Chinatown.
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.
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SOURCE First Republic Bank
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