October 27 2014
Bank of the West Partners with Operation HOPE to Provide HOPE Inside at Pico Rivera Branch
Empowerment nonprofit furthers Project 5117, its mission to empower the underserved
LOS ANGELES – October 27, 2014 – Financial empowerment nonprofit Operation HOPE announced today a partnership with the Bank of the West that will support a HOPE Inside office in their Pico Rivera Branch. A Grand Opening is planned for Wednesday, October 29, from 4 - 6PM, at the branch.
HOPE Inside, a program of Operation HOPE's Project 5117, provides financial literacy counselors in partner locations to deliver workshops and one-on-one client support. The program is designed to teach the community and bank customers about building personal wealth and assets through programs such as, Credit Management, Homeownership Program and Small Business Development. HOPE Inside features a dedicated certified counselor who provides and coordinates a selected range of empowerment programs. All services are offered free of charge and available to the general public.
As supported by a national alliance with the U.S. Consumer Financial Protection Bureau (CFPB), and with the ongoing support of the American Bankers Association, the FDIC, Financial Services Roundtable, US Small Business Administration and the Mortgage Bankers Association, Project 5117 picks up where Dr. Martin Luther King Jr left off, more than 50 years ago. Led by co-chairs Dr. Bernice King, Ambassador Andrew Young and John Hope Bryant, the initiative seeks to make a measurable difference in youth and adult financial empowerment nationwide. By year 2020, Project 5117 plans to move credit scores in underserved communities above 700 through training offered at HOPE Inside locations, and encourage youth entrepreneurship in schools through a comprehensive training course, HOPE Business In A Box.
California-based Bank of the West is a regional financial services company with $69 billion in assets. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 650 offices in 21 states.
With this commitment they become the latest member of the HOPE Inside network, and join HOPE's national mission to empower the underserved, Project 5117. Since 1992, Operation HOPE has been moving America from Civil Rights to “Silver Rights” by providing financial and economic empowerment tools and services, earning it the distinction as the nonprofit private banker for the working poor.
Since its inception twenty-two years ago, Operation HOPE, a global nonprofit focused on financial dignity, has empowered more than 2 million individuals and directed more than $1.5 billion in private capital to America's low-wealth communities. It has recruited a growing army of 20,000 HOPE Corps volunteers, and helped raise average credit scores for financial case management clients more than 120 points over an average 18-month period. It currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco, and most recently, the United Arab Emirates. Its effort to empower underserved communities is a “silver rights” mission to make free enterprise work for everyone.