December 21 2011
Bank of the West Commits $1.7 Million to Operation HOPE’s Efforts to Promote Economic Well-being
Financial literacy programs and the Gallup-HOPE Index national student survey, receive support
LOS ANGELES--Global leader in financial dignity, Operation HOPE (HOPE) announced today a three-year, $1.7 million contribution, including cash grants and office space, by Bank of the West.
The bank’s support will directly benefit HOPE’s award-winning youth empowerment program— Banking on Our Future — in Portland, Oakland and Denver, as well as the Gallup-HOPE Index, a national survey measuring financial literacy and the economic energy of U.S. students. Other programs and services that stand to benefit from Bank of the West’s contributions include HOPE’s financial literacy events and forums, and HOPE’s Financial Literacy Empowerment Center (HOPE Center), located with the bank’s branch in Oakland. Since 2005, the HOPE Center has served nearly 45,000 individuals.
“We are pleased to work with a financial institution like Bank of the West that understands commitment to community. Through our partnership we have worked side by side to turn underserved communities into healthy ones,” said HOPE Founder, Chairman and CEO John Hope Bryant. “It is through partnerships like this that HOPE is able to deliver the financial literacy tools that empower individuals and change lives.”“Our support for community organizations allows us to reach deep into the neighborhoods we serve so we can help provide individuals and families with information that can help them move toward economic self-sufficiency,” said Rebeca Rangel, community affairs manager at Bank of the West.
Since 2000, Bank of the West’s support has helped HOPE provide a range of services to neighborhoods within the bank’s footprint. Past activities include:
- The launch of the Denver and Portland Banking on Our Future locations
- The opening of a HOPE Center in Oakland
- Support for HOPE Coalition America (financial emergency preparedness and disaster recovery)
- Support for financial literacy town halls and forums in Oakland and Denver
Volunteer participation teaching school children about money at Banking on Our Future events.
Headquartered in Los Angeles, Operation HOPE promotes financial dignity through financial literacy and education tools to underserved communities in more than 71 cities worldwide. In 2012, HOPE will celebrate two decades of making the free market system work for low-income communities in an effort to eradicate poverty and build dignity.About Bank of the West
Founded in 1874, $61.9 billion-asset Bank of the West (www.bankofthewest.com), member FDIC and equal housing lender, offers a full range of personal, commercial, wealth management and international banking services. The bank operates more than 700 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, one of the world's largest and best rated banks* with more than 200,000 employees in more than 80 countries. *Rated AA- by Standard & Poor’s as of October 14, 2011
About Operation HOPE
Since 1992, Operation HOPE has been America’s leading financial literacy and empowerment nonprofit. Through its four principle portfolios: Banking on Our Future, HOPE Coalition America, HOPE Financial Literacy Empowerment Centers, and HOPE Corps, the organization addresses youth and adult financial literacy, economic preparedness, bridges the digital divide and promotes home ownership and assists with foreclosure prevention. With the support of more than 400 private sector companies, 5000 nonprofit organizations and schools and government partners. HOPE has reached over 2 million low-wealth individuals in 71 U.S. cities and South Africa. At the core of HOPE’s mission is a Silver Rights Movement, ensuring that free enterprise and capitalism work to provide a better future for underserved communities around the world. To learn more about HOPE, visit our blog or follow us on Facebook and Twitter.